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Appraisal values 1001 Kosciusko Street at $6,000 as Land Bank eyes possible transfer to Tiny Developers
Summary
The Authority received an appraisal valuing 1001 Kosciusko Street at $6,000 and discussed potential transfer to Tiny Developers; members also reviewed the Land Bank's 5/50 tax-capture clarification.
Chair Rachel Nelson reported an appraisal for 1001 Kosciusko Street was completed and returned at a value of $6,000. The appraisal was obtained in anticipation of a possible future discussion about transferring the property to Tiny Developers, and members reviewed clarifications related to the Land Bank’s 5/50 tax capture.
George Butler of Tiny Developers provided a separate update, saying there is strong public support for tiny-home zoning changes in the City of Manistee. Members expressed encouragement for innovation and collaboration and agreed to continue considering property transfer options consistent with appraisal and policy constraints.
