Urban Renewal Authority sells two properties
“Randall Hupp offered $1,000 for a vacant lot at 539 Sixth St., which is adjacent to his property. Norman Moek offered $5,000 for a property at 1709 16th St.. The space butts up against the back of Moek’s property.
But sale of both properties comes at a significant loss for the city. Officials said more than $18,000 was spent on court fees and demolition for the Sixth Street parcel, and nearly $31,000 was spent on the 16th Street property.
Councilman John Rockhold, who chairs the Urban Renewal Authority, said such losses are common.
“We always lose money,” he said. “We can never get out of them what we put in them. If we tried, we’d end up holding on to them and losing even more money.”
The authority also unanimously approved requests to take two more properties by eminent domain. Properties at 2434 Dudley Ave. and 2411 Lynn St. were declared “slum and blighted” Tuesday evening, which begins the court process for possession of those properties.”
ERB, Michael. News and Sentinel 16 May 2013.