The two adjacent City-owned parcels located at 916 Martin Luther King Jr Boulevard (PIN 2-0052-04-011) and West Waldburg Street (PIN 2-0052-04-014) were purchased in 2009 with the intent of restoring an on-site building to house the former Department of Economic Development. Upon further inspection, the former pharmacy building was deemed to be structurally unsound and subsequently demolished.

According to tax records, the currently vacant, unimproved parcels measure a total of approximately 7,500 square feet. The properties enjoy frontage along Martin Luther King Jr Boulevard and are located between West Bolton Lane and West Waldburg Street. The 2017 Chatham County Board of Assessors have assessed the land value at $55,400 and $43,100, respectively, for a total of $98,500. Staff will procure an appraisal of the current market value of the properties to assist in evaluating proposals.

If declared surplus and available for sale, staff will prepare and issue a request for proposals (RFP) soliciting a buyer for the property. Proposals will be evaluated by an interdisciplinary committee of staff, and a recommendation of the highest responsible bidder will be made to City Council for award.

Approval