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RDC authorizes $200,000 offer for Old Mac Machine building and adjacent church
Summary
After reviewing two appraisals (roughly $190–$225k), the commission voted to submit a $200,000 offer to purchase the Old Mac Machine building and an adjacent church; staff noted legal limits tied to appraisal averages and discussed lease terms for the church tenant.
The Redevelopment Commission authorized staff to submit an offer of $200,000 for the Old Mac Machine building and the adjacent church after reviewing two independent appraisals.
Staff presented two appraisals that ranged from about $190,000–$210,000 and $225,000; commissioners noted an earlier market listing had been in the mid-$300,000s but agreed those asking prices appeared out of line with appraisal findings. A commissioner recommended making an initial offer of $200,000 and the commission approved that motion.
Staff advised the commission on legal limits for purchase price, noting the maximum the RDC can legally pay is the average of two appraisals. Commissioners discussed whether the current church tenant could continue occupying the building under a lease; the tenant pays $300 per month and the commission said any lease should require tenants to maintain grounds, with rent remitted through the clerk’s office.
The motion to submit a $200,000 offer passed by voice vote. Staff said they will follow up on contract and closing details and confirm whether a realtor is involved or if a private sale can be arranged to reduce transaction costs.
