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CL-2422 Work Session   Item #: E.       
Meeting Date: 11/05/2020  
Subject:    Sale of Parcel #22434 - Spring Street
From: W. Clarke Whitfield, Jr.

COUNCIL ACTION
Work Session:     11/05/2020
SUMMARY
City Staff is seeking approval to sell a surplus vacant lot along Spring Street to the neighboring property owners. 
BACKGROUND
The City owns a vacant lot along Spring Street identified as Parcel #22434 that was purchased in 1990 with federal assistance, to demolish a blighted building situated upon it. There are not currently any limitations on the disposition or use of the lot related to the federal assistance. City Staff has determined that the City has no current or future intended use for the lot and it appears to be surplus to the needs of the City.  Staff wishes to sell the surplus lot to the neighboring property owners to return it to the tax rolls and eliminate future maintenance costs.
RECOMMENDATION
City staff recommends proceeding with selling Parcel #22434 on Spring Street to 510 Spring Street, LLC, in exchange for $4,000.00 and the cost of recordation.

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Resolution


    

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