Background/Discussion
The City has received offers to purchase a portion of the former railroad property in the South Main Street area. Each of the four applicants own property directly abutting said former railroad right-of-way. 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. Each of the applicants has offered $.50/sq. ft. (the City’s current fee amount for vacated street right-of-way).
The property was transferred to the City from the Iowa Department of Transportation as part of the rail consolidation relative to the interstate reconstruction project.
Any future disposal of the former railroad property being considered should require a survey. The cost of the survey should be shared by each applicant on a percent basis of the total amount of property being sold.
It should be noted that the offered received from Cooper Consulting, Inc. overlaps with the Conagra offer. The received offers are shown in an illustration included in Attachment A.
A consistent north/south line parallel to the west property line of the Conagra facility, or parallel to the east right-of-way line of South Main Street should be established as part of the survey as a dividing line.