Council moves to relist Belfort Apartments for sheriff's sale with $20,000 minimum

Council members discussed the troubled Belfort Apartments property at length on Sept. 9 and reached consensus to relist the property for sheriff’s sale with a suggested minimum bid of $20,000, while retaining the city’s existing resolution conditions for forgiveness of penalties.

Council members described the property as overgrown, with stabilizing boards removed and doors open. One council member summarized options: a private sale that has not yet posted a tax‑appraiser change, relist for sheriff’s sale, or the city tear it down under a demolition order and place a lien for costs.

A staff member cited previously reported demolition estimates, "the numbers that I've always heard were from 250 to $400,000 to demolish." Council also discussed a large judgment lien that currently sits on the property. The resolution council passed in March, as summarized by staff, sets conditions for release of the judgment if the purchaser cleans up the grounds and lot within six months; demolishes and cleans the lot within 18 months; or stabilizes the facade and completes rehabilitation within five years. The resolution also offered a $50,000 incentive in the event of full rehabilitation.

Council asked whether escrow or buyer financial assurances could be required; staff said such arrangements could be proposed but expressed doubt about practicality. Council suggested lowering the minimum bid to $20,000 to attract a buyer who will follow the resolution's conditions and agreed to place the item on the next available sheriff's sale calendar (staff noted this might be as late as November because of publication requirements).

Next steps: staff will prepare the property for relisting at the sheriff's sale with a recommended $20,000 minimum bid and return to council if further action is needed.