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Arkansas City Commission approves sale of 606 South Summit for $1,500
Summary
The Arkansas City Commission approved selling a vacant lot at 606 South Summit Street to Joshua and Nicole Holt for $1,500, after discussing an appraised value near $17,000, the city's 2020 tax-sale purchase at $3,500 and roughly $90,000 in demolition costs; commissioners discussed a one-year build/clawback option before voting.
Arkansas City — The Arkansas City Commission voted to sell a vacant lot at 606 South Summit Street to Joshua and Nicole Holt for $1,500 after discussing the property's appraisal, past city costs and options to protect the public interest.
City staff told the commission the county appraised the parcel at about $17,000 and said the city acquired the lot at a tax sale in 2020 for $3,500. Staff also said the city has nearly $90,000 in demolition fees associated with the site. "The county…
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