|October 12, 2017 City Council Regular Meeting|
Motion to Request that City-Owned Real Property Located Along Cleland Street be Declared Surplus and Available for Sale
Todd Naugle on behalf of Cardinal Capital Management, Inc. and Vanguard Developers has submitted Petition 170275 requesting the City-owned real property located along Cleland Street be declared surplus and available for sale. The property is located in the Bayview neighborhood along the easterly side of Cleland Street at Hagood Street and is further identified as PIN 2-0021-02-044. According to the 2017 Chatham County Board of Assessors, the parcel consists of a vacant lot containing 17,990 square feet, or approximately 0.41 acre. The Petitioner is seeking to acquire the vacant lot in assemblage with adjoining property for the future development of a multi-family housing complex.
This petition has been reviewed by Development Services, the Bureau of Public Works and Water Resources, and Real Property Services. Staff recommends approval to declare this City-owned real property located along Cleland Street as surplus and available for sale to the public, subject to the following conditions:
If this petition is approved, staff will issue a request for proposals and invite sealed bids for the sale of the property. Staff will also procure a current appraisal of the market value of the property to assist in evaluating bid responses.
David Keating, Director of Real Property Services
TBD sale revenue to general fund