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Commission authorizes second appraisal for two Seventh Street lots
Summary
The Rensselaer Redevelopment Commission authorized staff to obtain a second appraisal for two Seventh Street lots so the properties can be listed at the average of two appraisals; commissioners were told the additional appraisal will cost about $700 and a resolution to sell is planned for the March 2 meeting.
The Rensselaer Redevelopment Commission authorized staff to obtain a second appraisal for two Seventh Street lots so the properties can be listed at the average of two appraised values.
Jacob, a staff member handling property matters, told commissioners the city needs two separate appraisals—one for each lot—before beginning the bidding process, and that listing is set at no less than the average of those values. He said an outside appraisal service quoted $700, the same amount the commission already paid for one appraisal; another prior quote was $950. "They quoted me $700 exactly the same as what Mr. Sands did," Jacob said.
The commission approved a motion to proceed with a second appraisal from Mr. Einheiser; the motion was seconded and passed by voice vote, though no roll-call tally was recorded in the transcript. Jacob said staff aims to have a resolution authorizing sale ready for the March 2 meeting.
Commissioners also reported the two appraisals of the properties they had reviewed earlier listed one lot at about $12,000 and the other at about $29,000. Members discussed whether to split the larger lot for sale but noted that selling the lots together may attract buyers more quickly.
The meeting did not record a named mover or a vote tally in the transcript; outcome is recorded here as a voice-approved authorization to obtain the second appraisal. The commission will return with appraisal results and a proposed sale resolution at a future meeting.
