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Sweetwater approves interlocal approach to sell tax‑foreclosed lots to spur redevelopment
Summary
Council approved stepping forward with an interlocal agreement that would let Sweetwater seek permission from other taxing jurisdictions to convey trustee (tax‑foreclosed) lots at less than fair market value to developers who commit to build, part of a strategy after dozens of demolitions and many trustee properties.
The Sweetwater City Council voted Jan. 13 to pursue an interlocal agreement with other taxing jurisdictions that would enable the city to convey certain tax‑foreclosed residential lots at less than fair market value to developers who agree to build on them.
City staff told the council the city has torn down more than 70 residential properties since December 2019 and currently…
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