Resolution to dispose of City property legally described as Lots 1 and 2, Block 1, Bushnell’s Addition.  OTB-18-011

The City has received an offer to purchase the property described above.  The property is classified as ‘transitional dispose’ and ‘buildable’.  According to the adopted policy of March 14, 2016, the property should be priced at the appraised value or the amount most recently established by the Pottawattamie County Assessor.  The applicant has offered $7,300.

The City has owned the property since 2016.  The assessed value of the land was $17,417 for tax year 2015.  The City has incurred $380.00 in mowing costs since June of 2016.

The applicant has indicated he intends to build a single family home on the lot within two years.

The Community Development Department recommends disposal of the property legally described as Lots 1 and 2, Block 1, Bushnell’s Addition, City of Council Bluffs, Pottawattamie County, Iowa, to USA Builders, LLC for the price of $17,417.00, with $7,300.00 cash due at closing and the balance forgiven equally over a four year period of time with satisfactory maintenance of the property.  Closing shall occur within 30 days of the action of the City Council.