Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Management topic
No spam. Unsubscribe anytime.
Council orders appraisal to value Avera gift for title policy and grant work
Summary
City Attorney Rachelle Norberg advised the council on options for establishing a value on property donated by Avera; the council agreed to ask appraiser Hank Wonnenberg to appraise the property to support title insurance and future grant opportunities.
City Attorney Rachelle Norberg told the council the city needs a declared value to obtain a title policy and to make the property useful for grant applications and initial insurance through SDPAA after an Avera donation. The council agreed to ask appraiser Hank Wonnenberg to prepare an appraisal to establish that value for both title policy and grant work.
No appraisal amount or funding source was set at the April 7 meeting; the council’s direction was limited to requesting the appraisal. The action was recorded as a council agreement to pursue valuation before pursuing title insurance or grant applications.
