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Council sets listing approach for surplus property at 1716 A Avenue West
Summary
Council directed staff to list surplus city-owned property at 1716 A Avenue West with a standard realtor platform and development expectations (18-month development requirement, adherence to code), noting the city’s acquisition/demolition cost and prior owner listing price.
The Oskaloosa City Council moved on Feb. 2 to list surplus city property at 1716 A Avenue West for redevelopment using a standard real-estate listing through a realtor.
Staff outlined options for marketing and sale approach: retain a realtor to prepare materials and schedule tours, consider commission-only listings to get the property to market sooner, and set development expectations for any sale. The agenda noted the city’s acquisition and demolition costs for the lot are approximately $62,200 and that the previous owner had listed the site for $500,000.
Council discussed whether to set a minimum listing price or require a development agreement; members emphasized avoiding speculative resale without a development plan and discussed requiring completion of development within 18 months if sold below market value or subject to a development agreement. Council moved and seconded the recommendation from staff and approved the motion by roll call.
Council directed staff to proceed with realtor listing and to return with details on listing price and marketing materials as they are developed.
