Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property And Taxes topic
No spam. Unsubscribe anytime.
Council hears Serenity property sale will likely close Dec. 17; taxes to resume in 2026
Summary
An ad hoc committee update reported that the Serenity property has entered into contract with a closing expected Dec. 17; council members said the property will return to the tax rolls and likely produce property tax revenue in 2026.
During council reports at the Dec. 10 special meeting, a member speaking for the Serenity ad hoc committee said the property known as "Serenity" has entered into contract to be sold and that the transaction is expected to close on Dec. 17.
The council member said the item had been the subject of roughly 20 months of work by the ad hoc group and thanked staff and legal counsel for their role in the process. They told the council that once the sale is final the property will return to the property tax rolls and the city should expect property tax revenues from the site "probably in 2026." The transcript records the projected timing as an estimate.
The sale update was presented as a report to the council; no new council action on the property was taken at this meeting.
What happens next: The sale is expected to close in mid‑December; final closing documents, property tax reconciliation and revenue recognition will follow standard administrative processes.
