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Court weighs auction or listing after updated plat shows larger Twinkl Bank parcel

Gallatin County Court · July 10, 2024
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Summary

After staff located a plat showing roughly 7,163 sq ft for the Twinkl Bank property (deed lists 7,163 sq ft and a 2009 fair market value of $45,000), the court discussed public auction timing versus listing with a realtor and tabled the item for further on-site verification and appraisal.

Court staff presented a newly located plat for the Twinkl Bank building and said deed records list the parcel at about 7,163 square feet and a 2009 fair market value of $45,000. Speaker 1 said the discovery increases the county's estimate of the parcel size and therefore value, and suggested options including setting a public auction date in September or listing the property through a realtor after appraisal.

Members debated whether to set an auction date or to appraise and list the parcel; some favored mid-September as a safe auction target to allow time for signage and advertising. Speaker 11 cited deed figures and earlier valuation data. The court moved to table the matter for additional review, including confirming on-the-ground markers and securing any needed appraisals before a final decision.

Next steps include field verification of markers by staff and returning to the court with refined valuation and an action recommendation.