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Board authorizes purchase of 85 Kirkwood in Bridgeport for county Bridge Program after debate over costs and due diligence (3-2)
Summary
Mono County approved a $407,269 purchase of 85 Kirkwood St. to seed a pilot Bridge Program that would deed-restrict the property for local ownership. The purchase passed 3-2 after board members raised questions about repair estimates, insurance and a buyer pipeline; staff said $500,000 was originally allocated to the pilot program and additional repair costs remain uncertain.
Staff presented a negotiated purchase offer for a single-family home at 85 Kirkwood Street, Bridgeport, as part of a county pilot "Bridge" program to buy, deed-restrict (55 years) and resell homes to income-qualified local buyers. Planning staff said the property is habitable but has foundation issues that will require contractor estimates; an exterior inspection and staff review were completed and the county negotiated a purchase price with an allowance/credit for known repairs.
Housing staff…
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