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Crown Point to publish notice to sell 400 East North Street with $225,000 asking price
Summary
The board authorized publication of a notice to sell 400 East North Street with an offering price of $225,000 (the average of two appraisals). The notice will be published July 6 and July 13; after the statutory notice period the city may accept qualifying bids or negotiate if none meet the offering price.
Crown Point city staff told the Board of Public Works and Safety the city has title to 400 East North Street and recommended publishing a disposal notice with an asking price of $225,000 based on the average of two appraisals. The board approved publishing the notice and placing a sign on the property to solicit bids.
Staff explained the required publication schedule under the statute: notices to be published on July 6 and July 13 with a 17-day period after the second publication for eligible bids; if no qualifying bids at or above $225,000 are received, staff said the city may, after a 30-day period, negotiate a sale for a lower amount in accordance with statutory procedures.
Council/staff said the $225,000 amount covers the city's costs into demolition and other expenses and represents the average of two appraisals. The board approved the motion to issue the notice by voice vote; staff will accept sealed bids at the clerk's office during the posted period and return with any qualifying bids for the board's consideration.
The board did not set a purchaser; the process as described requires public notice and receipt of qualifying bids before the city may accept an offer.
