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Commissioners hold proposed sale of 305 West Mercury Street in abeyance amid debate over price and enterprise-fund accounting
Summary
After extended debate about valuation, RFP process and the building’s enterprise-fund status, the council voted 9–1 to hold the proposed sale of 305 West Mercury Street in abeyance while staff and commissioners address appraisal, criteria and financial implications.
The Butte-Silver Bow Council of Commissioners debated for more than an hour on Nov. 19 before voting to hold in abeyance a proposed sale of 305 West Mercury Street (communication 202-5570), which staff had recommended awarding to Jeff Riggs and Keith Waring at an RFP-established midpoint price of $450,000.
Community Development Director Karen Burns said staff relied on a midpoint of two commercial market analyses (one by Mike McLeod and one by Charter Realty) to set the RFP price.…
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