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Council to revisit 510 South 6th sale and posts conditioned sale for 2201 Madison requiring structural design
Summary
Staff reported inspections and progress at 510 South 6th and said an inspection is scheduled before the May 4 meeting to determine whether deed transfer will proceed or the council will extend; staff also previewed a conditioned sale posting for 2201 Madison that will require a structural-engineer repair design and raise the bank-verification amount to $100,000.
Burlington staff told the City Council at its April 27 work session that the extension period for the previously approved sale of property at 510 South 6th (owner: Monica Waddell) is ending and that city inspections scheduled for the following Monday showed substantial progress toward compliance with code requirements. Staff said they expect to report back at the May 4 council meeting and that the council could either allow deed transfer, extend the timeline, or rescind the sale depending on inspection results.
Separately, staff previewed a conditioned sale posting for 2201 Madison Avenue. The city will require a structural-engineer plan for repairs and will raise the bank-verification threshold for prospective buyers from the typical amount to $100,000 because of the scale of work required. Staff emphasized that the property will be shown only to serious inquiries and that they will post photos of conditions rather than permitting open walkthroughs for safety reasons. Staff also noted the home may be eligible for National Register listing (reported as likely based on a Sears-catalog model), which could necessitate additional time if owners pursue historic-tax credits.
Next steps: council will receive inspection results for 510 South 6th at the May 4 meeting and staff will post the conditioned sale materials for 2201 Madison with contact information for the building inspection department.
