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October 12, 2017 City Council Regular Meeting | |
Title Motion to Award the Sale of City-Owned Real Property Located at 625 Seiler Avenue | |
Description The City acquired a single-family residential property located at 625 Seiler Avenue in June 2016 due to foreclosure. The three-bedroom, one-and-a-half bath property has been declared surplus and available for sale by City Council. RFP Event #5238 was issued soliciting sealed bids and proposals from interested buyers. Three responses were received and all were scored by a committee. The highest scoring response was from Mr. Samuel Givens in the amount of $50,000.00. The City's current outstanding investment in the property is $49,670. The Chatham County Board of Assessors has appraised the value of the property at $40,700.00 Mr. Givens is planning to renovate the property after acquisition.
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Recommendation Approval | |
Contact David Keating, Director of Real Property Services | |
Financial Impact $50,000 to be returned to general and federal fund accounts managed by the Housing Department | |
Review Comments | |
Attachments Seiler Exhibit.pdf |
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