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Greendale council to re-advertise vacant lot sale with $5,000 escrow and concrete-removal requirement
Summary
After receiving a single $500 bid on a lot appraised at $14,500, Greendale council voted to re-advertise the parcel with no minimum bid but required buyers to remove concrete, restore yard, and place $5,000 in escrow until work is complete.
Council revisited the sale of a vacant lot appraised at $14,500 that had received a single $500 bid. Members noted the lot has broken concrete and exposed rebar, creating a safety hazard, and discussed options including rejecting the bid, negotiating, re-advertising, or auctioning.
Ryan moved that the town advertise the lot for sale with no minimum bid but require the buyer to remove the concrete, restore the yard, and place $5,000 in escrow until completion of the work. The motion received a first and second and passed by voice vote.
Council members emphasized the requirement that adjoining-property purchasers be allowed (the lot had been advertised to adjoining owners) and discussed contract enforcement mechanisms including escrow and a clause that would revert property to the town if the buyer failed to complete the required cleanup.
Staff will handle re-advertisement and ensure the escrow and contract language requiring site restoration are included.
