Title
Resolution Authorizing the Sale of Surplus Foreclosure Property Located at 204 Guerrant Street
Body
Department: Engineering & Inspections
Council District: 1
Public Hearing: N//A
Advertising Date/By: N/A
Contact 1 and Phone: Kenney McDowell: 373-2302
Contact 2 and Phone: Ted Kallam: 373-2302
PURPOSE:
The Property Management Section of the Engineering and Inspections Department is in the process of selling surplus land consisting of a residential lot located at 204 Guerrant Street, parcel #0022121. It has been determined that there is no municipal need for the property. City Council approval is requested to proceed with the sale of the property to the highest bidder.
BACKGROUND:
Approved in 2013, the Heath Community Strategic Plan was prepared for a group of neighborhoods that lie on either side of Franklin Boulevard between E. Market Street and McConnell Road. The goals of the plan include improving traffic safety, creating community pride, addressing code violations, investing in public infrastructure, and encouraging economic development.
The Planning Department plans for this property to remain low-density residential on the Plan's Generalized Future Land Use Map, and the current zoning of R-5 supports the development of single-family residential and other compatible uses.
Property Management has advertised this property since March 31, 2015. The highest bid from Lavonya Goods was accepted in accordance with Section 4:122 of the City Code of Ordinances, "Sale of real property by advertisement for bid". The property was recently valued by Tonya L. Brady, an independent appraiser, at $5,000. The highest and final bid of $4,500 was accepted and advertised in the News & Record with a 10 day upset period. This upset period has expired with no further bids.
The property was acquired by a commissioner's deed through the foreclosure process. It has been determined that there is no municipal need for the property. The total area of the lot is 11,32...
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