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Council authorizes up to $5,000 for appraisals as it moves toward surplus and auction of old city shop
Summary
Council authorized up to $5,000 for appraisals of the city’s current street shop and a garage as staff prepares for surplus disposition and possible auction; members debated sale vs. rental and discussed appraisal timing and public notice requirements.
The council authorized staff to obtain appraisals (quoted at $2,500 per property) for the current street shop on Main Street and the garage south of the water tower as a first step toward surplus and disposition. Staff said an appraisal would take about three weeks and cost approximately $2,500 per property; council approved spending up to $5,000 to cover both appraisals or a lower quote if another appraiser bids less.
Members discussed selling versus renting the city properties and noted the city can reject bids at auction; one councilmember said if offers reach 90% of appraised value the city should probably accept. Logistics for platting, publishing bid notices and possible deposit requirements for bidders were outlined. No sale was completed at the meeting; council agreed to proceed with appraisals and return with appraisal results and a recommended disposition approach.
