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Altoona to buy Olde Town property at 302 3rd Avenue SW for $185,000
Summary
The Altoona City Council approved purchase of a privately owned lot in Olde Town from Moss River Holdings for $185,000, with a planned closing date of July 1. The acquisition is adjacent to other city-owned land and school district property.
The Altoona City Council approved a resolution on June 16 to purchase the parcel at 302 3rd Avenue SW from Moss River Holdings for $185,000.
Chad Quick, the city's economic development director, told the council the purchase places the lot adjacent to existing city-owned land in Olde Town and a school district property. "The price we settled on was $185,000, and we plan to close on the property on July 1st," Quick said.
Mayor Dean O'Connor and council members voted in favor of the resolution by roll call (vote recorded 4-0). The resolution does not detail a specific development plan; Quick described the acquisition as strategic for consolidating land holdings in the area.
The item was handled as part of the regular agenda; the council did not attach conditions to the purchase in the motion. Closing and any future use of the property will follow customary real-estate and city board procedures.
