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Brandon council approves Ironwood parcel purchase after debate over appraisal and price
Summary
After a lengthy debate over competing appraisals and the risk of setting a precedent, the Brandon City Council voted to accept a seller's offer and directed staff to draft a purchase agreement for the Ironwood parcel.
The Brandon City Council voted to accept a seller's offer and directed staff to draft a purchase agreement for an Ironwood parcel after councilors debated appraisal values, precedent and the potential cost of litigation.
Council members and staff discussed an appraisal the city commissioned that valued the parcel "about $166,000 and change," which staff said equated to roughly $2.85 per square foot for the raw land. Council members said the seller's offer equated to about $2.48 per square foot. Council considered three…
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