Radcliffe to accept sealed bids for FFO building with $500,000 reserve; may close in February
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Mayor Duvall announced the FFO building will be offered by sealed bid with a $500,000 reserve (appraisal just over $800,000). A month-to-month tenant occupies the property; if a bidder is the tenant they could remain. The council expects to open bids and consider results in February.
Mayor Duvall told the council that the FFO building will be listed for sealed bids, with a $500,000 reserve price and an appraisal reported at just over $800,000.
The mayor said the city has a month-to-month tenant currently using the property for storage; if the tenant submits the successful bid, the tenant may remain. The council will announce the sale and provide signage and website notices; if bids are unsatisfactory the council retains the right to reject bids and could later list the property with a broker.
Duvall also updated the council on youth programming: the Boys & Girls Club will open in remodeled facilities at a local church in the coming months, bringing regional and state partners into the city’s youth programming.
What’s next: The council expects to accept sealed bids and vote on any accepted bid when the sealed-bid period concludes, with an anticipated closing in February.
