The city is taking bids on a seventh group of city-owned properties in an effort to raise additional revenue.
Bids are being taken until 3 p.m. on April 15 for the nine properties in the group, which are all zoned for residential uses, according to a city news release.
Each parcel carries a reserve price, which the city needs to cover the costs associated with listing the property and clearing the title.
The nine properties up for sale, along with reserve prices:
• 1327 W. Catalpa St., which is zoned for single-family residential and is slightly below base flood elevation, with a reserve price of $17,000;
• 827 S. Weaver Ave., which is zoned single-family residential with a reserve of $9,500;
• 325 N. Homewood Ave., also zoned single-family residential with a reserve of $15,000;
• 900 W. Pershing St. and 906 W. Pershing, both zoned for residential town-house use and sold as a set, carrying a reserve of $17,000;
• 3233 N. Stewart Ave., zoned for single-family residential use and slightly below flood level, with reserve price of $15,000;
• 1611 N. Colgate Ave., zoned for residential town houses with reserve of $8,000;
• 1634 N. Golden Ave., zoned for residential town houses with a reserve of $10,000;
• 721 N. Fremont Ave., zoned for single-family residential use but not buildable due to a required drainage easement for the entire lot, carrying a reserve of $5,000; and
• 518 S. Villa Rose Ave., zoned single-family residential but also not buildable, with a reserve price of $5,000.
Net proceeds from the property sales will go back to the fund from which each property was purchased, up to the purchase price, with additional proceeds going into the Police-Fire Pension Fund.
Complete bid documents are available on
the city Web site, and potential bidders can contact the purchasing department for additional information.[[In-content Ad]]
