Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Surplus Property Sale topic
No spam. Unsubscribe anytime.
Village approves sale of 218 South River Street for $30,000
Summary
Trustees authorized a purchase contract for 218 South River St., declaring the property surplus and accepting a $30,000 offer that exceeds 80% of appraised value; staff and the village attorney will execute the deed.
The Village Board authorized a purchase contract for 218 South River Street, a parcel previously the subject of a demolition case and declared surplus.
Staff reported a buyer offered $30,000, which exceeds 80% of the appraised value, and recommended the board authorize execution of the purchase contract and deed. The resolution authorizes village staff and the village attorney to sign the contract and record the deed so the village can recover demolition and legal costs.
Trustees moved and approved the resolution by roll call.
The sale authorizes staff to proceed with closing under the terms presented.
