COLDWATER, MI (WTVB) – The Coldwater City Council introduced an agreement Monday night that would have the possible next Director of the Board of Public Utilities buy the second house that the City constructed using M.S.H.D.A. funding on Thompson Boulevard.
The CBPU Board has voted to make an offer of employment to Paul Jakubczak. He and his wife looked at numerous properties when they were in Coldwater but City Manager Keith Baker says they found that the properties were rapidly under contract.
He said they got a market appraisal from Chris Pierce and he reported his opinion of value was $198,000. The City has somewhat over $200,000 in expenses on the property and will have to complete the lawn in the Spring. Baker says they also communicated with M.S.H.D.A. and learned that it is possible for the City to withdraw the house from the Mod PILOT program for a sale to a non-income qualified buyer. He adds the proposed price of $205,000 would cover the City’s costs in the property and construction.
The City Council voted 6-1 in favor of the request. Emily Rissman voted no.
The City Charter requires that when public property is sold, the conveyance must remain on the table for 30 days. Other bids may be received but the Council is not required to sell the property to the highest bidder.
Due to the council’s schedule, the first regularly scheduled meeting after the 30-day time period at which the sale could be acted would be Monday, February 28, 2022.
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