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City reports $495,000 appraisal for old liquor-store property; council discusses sale and parking implications
Summary
City manager Johnson reported a $495,000 appraisal for the old municipal liquor-store property (12,600 deeded sq. ft., $39.29/sq. ft.). Council discussed parking allocation, solar panels, and applying sale proceeds to new-store debt; staff will prepare next steps with finance and the liquor-store manager.
City manager Johnson told the Morris City Council that an appraisal of the old municipal liquor-store property returned a value of $495,000 for 12,600 deeded square feet, or roughly $39.29 per deeded square foot. "The appraisal came back as 495,000 for 12,600 deeded square feet or $39.29 per square foot," Johnson said, and recommended staff meet with finance and liquor-store management to plan…
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