1 00:00:36,080 --> 00:00:44,400 Good afternoon. This is the real estate committee meeting. It is August 28th, 2 00:00:42,600 --> 00:00:53,800 2026. The time right now is 3:39 3 00:00:49,640 --> 00:00:57,240 p.m. We are going to begin the meeting. Fortunately, our secretary is not here 4 00:00:55,240 --> 00:01:02,080 today, so we're just going to go ahead on and call this meeting to order and 5 00:00:59,800 --> 00:01:04,360 then do roll call. Um, 6 00:01:02,920 --> 00:01:06,920 Stephanie Van De Velde. >> Here. 7 00:01:05,760 --> 00:01:11,160 » Derek Thompson. >> Here. 8 00:01:07,600 --> 00:01:11,160 » And Darrel Morton, chair. I'm 9 00:01:12,800 --> 00:01:25,000 I'm here as I'm here as well. All right. Um, so the next item on the agenda is 10 00:01:20,880 --> 00:01:30,640 the approval of the June 25th meeting minutes. Is there a motion? 11 00:01:28,320 --> 00:01:34,720 » I move I move that make motion that we accept these minutes. So moved. 12 00:01:33,160 --> 00:01:38,680 » I second it. >> Okay. It's been properly moved and 13 00:01:36,360 --> 00:01:44,680 seconded that we accept the minutes from the June 25th, 2026 meeting. 14 00:01:42,880 --> 00:01:48,840 Ready for the question. Roll call. Stephanie Van De Velde. 15 00:01:49,320 --> 00:01:53,160 » I. >> Um, Derek Thompson. 16 00:01:52,200 --> 00:01:55,680 » I. >> Darrel Morton. 17 00:01:54,400 --> 00:02:00,200 » I. >> All right. Minutes approved. 18 00:02:00,320 --> 00:02:07,920 All right. Um, correspondence, we're going to um defer 19 00:02:05,240 --> 00:02:12,440 the written correspondence to our next meeting because our secretary, 20 00:02:09,520 --> 00:02:18,720 unfortunately, is not here today. But, um and then we will proceed to item 21 00:02:16,000 --> 00:02:25,440 number five, which is on the agenda, which is public comment period. Um, 22 00:02:21,640 --> 00:02:31,840 there is no one in the chamber um for comment. Is there anyone online who 23 00:02:29,400 --> 00:02:36,640 uh wishes to speak? If so, we'll make sure you're unmuted and you may proceed. 24 00:02:39,240 --> 00:02:48,280 Anyone online for a comment? Last and final time, anyone online for 25 00:02:46,680 --> 00:02:55,320 comment? If not, then we will declare the public 26 00:02:52,080 --> 00:03:02,760 comment period closed. Proceeding on to 27 00:02:57,959 --> 00:03:09,400 um now um finance department update. Um so, as you all know, um we did have a 28 00:03:07,080 --> 00:03:13,080 auction earlier this year. Um and so, um we have reported 29 00:03:11,400 --> 00:03:18,280 previously on those properties that actually have been sold. Um the 30 00:03:15,640 --> 00:03:24,320 remaining properties um were put back into the inventory. Um they also are 31 00:03:22,400 --> 00:03:30,519 eligible for folks that if they wish to do a private bid, but we are also now 32 00:03:27,040 --> 00:03:35,959 considering moving forward with another auction, this one being more of a online 33 00:03:33,519 --> 00:03:41,560 auction process. And so, at our next meeting, we'll come back with um some um 34 00:03:39,560 --> 00:03:47,800 particulars and recommendations around that. Um as it pertains to the 35 00:03:44,959 --> 00:03:52,960 properties that are now in the inventory of the city for non-municipal use. 36 00:03:51,200 --> 00:03:58,320 Well, that would be pretty much the update um from the 37 00:03:54,960 --> 00:04:03,680 finance department as it pertains to um city-owned properties that are for 38 00:04:00,240 --> 00:04:08,240 non-municipal use at this time. So, um we did have we will say we did have a 39 00:04:05,360 --> 00:04:14,760 very successful auction um in that we did have some properties that actually 40 00:04:10,560 --> 00:04:20,920 went off um all went back on to actual um tax rolls. Um and so that will help 41 00:04:17,600 --> 00:04:24,360 us um to continue to receive those taxes in the years to come. 42 00:04:22,560 --> 00:04:28,800 All right. All right. Lower Department update. 43 00:04:27,400 --> 00:04:34,240 » Okay. So, we have started 44 00:04:31,680 --> 00:04:37,520 um sending out contracts and getting closings together for the following 45 00:04:35,760 --> 00:04:41,560 properties, which are they phase two 46 00:04:39,120 --> 00:04:47,720 sold phase one properties already. So, the first one is 52 Nursery Avenue. 47 00:04:45,120 --> 00:04:51,440 Sale price is 410,000. We have a signed contract. We have the 48 00:04:49,240 --> 00:04:57,520 down payment. We're in the process of clearing the title, so I anticipate that 49 00:04:53,680 --> 00:04:57,520 closing in like the middle of September. 50 00:04:57,600 --> 00:05:05,520 Second one is 157 Elwood Avenue for $10,000. 51 00:05:03,720 --> 00:05:10,160 We have a signed contract. We have the down payment. Same. We're in the process 52 00:05:08,680 --> 00:05:20,080 of clearing the title, and that should close in the middle of September also. 53 00:05:13,880 --> 00:05:23,720 Next is 454 South First Avenue, $30,000. We have a signed contract, and the down 54 00:05:21,640 --> 00:05:26,960 payment was received, so we're clearing title, and that should close in the 55 00:05:25,280 --> 00:05:29,320 middle of September as well. >> And how much was that for? 56 00:05:28,240 --> 00:05:35,080 » 30,000. >> Okay, got it. 57 00:05:31,240 --> 00:05:38,080 » Um three Portland Avenue 450,000. 58 00:05:38,400 --> 00:05:45,200 We have received the down payment. We're also in the process of Okay, 59 00:05:43,480 --> 00:05:48,919 clearing [clears throat] title, and and to close that in the middle of September 60 00:05:47,120 --> 00:05:54,760 as well. Yep. 61 00:05:50,480 --> 00:05:58,600 This one last one, 50 North High Street. That's 275,000 62 00:05:56,880 --> 00:06:01,520 purchase price. I have to get the uh attorney's 63 00:06:00,240 --> 00:06:04,400 information so I can send them the contract out. So, I'll get 64 00:06:02,640 --> 00:06:08,240 » No, that one got returned back. >> It's 65 00:06:05,280 --> 00:06:12,280 » Yes, 50 cuz remember that was the one the last meeting that he 66 00:06:11,480 --> 00:06:20,160 » Vacant lot, 50 >> No, 50 is on the corner of um Oak and 67 00:06:18,800 --> 00:06:22,600 It's this street. >> 50 North High 68 00:06:21,000 --> 00:06:24,760 » 50 North High, that was the one he thought there was a house on it. 69 00:06:24,280 --> 00:06:28,200 » All right, then. >> Remember that was the one he thought 70 00:06:26,080 --> 00:06:35,000 there was a house on it. The vacant lot. We actually then voted to actually to 71 00:06:31,480 --> 00:06:39,280 hold that in escrow. Right, so yeah. >> All right, so that's it for the 72 00:06:37,160 --> 00:06:44,600 next month's properties. >> I wouldn't heard anything back on 20 73 00:06:42,000 --> 00:06:44,600 Beechwood. 74 00:06:44,680 --> 00:06:49,440 » No. >> Okay. I need to follow up with that. 75 00:06:47,760 --> 00:06:54,880 » Not since your last communication, right? To Yeah, okay. 76 00:06:52,880 --> 00:06:58,560 All right. Okay. Anything else? 77 00:06:56,400 --> 00:07:01,800 » Any updates on 52 Marcelus? >> Yeah, she said 52 is the first one. 78 00:07:00,200 --> 00:07:03,440 Okay. That was the 410. >> Good. Yeah. 79 00:07:02,200 --> 00:07:06,360 » All right, that's the 410 and we should be closing that in the middle of 80 00:07:04,560 --> 00:07:07,760 September. >> Right. 81 00:07:06,840 --> 00:07:13,000 » Okay. >> Okay. 82 00:07:08,960 --> 00:07:13,000 All right, any old or new business? 83 00:07:16,234 --> 00:07:18,254 » [laughter] 84 00:07:18,440 --> 00:07:21,480 » You got to mute them. 85 00:07:23,440 --> 00:07:30,360 No. All right, um All right, if there's no other business, 86 00:07:28,120 --> 00:07:35,960 no other new or old business, then at this point I'll uh take a motion 87 00:07:33,160 --> 00:07:35,960 for adjournment. 88 00:07:36,040 --> 00:07:40,280 » Move that we adjourn this meeting. So moved. 89 00:07:39,000 --> 00:07:44,160 » I second it. >> Rowland Jones second that we adjourn um 90 00:07:42,800 --> 00:07:50,200 the meeting. Um It is all done ready for the 91 00:07:47,000 --> 00:07:50,200 question. All in favor. 92 00:07:50,320 --> 00:07:56,560 Stephanie, okay. Garrett. 93 00:07:53,720 --> 00:08:02,840 Thompson. Garrett Morton, I. Motion so carries. Meeting is hereby 94 00:07:59,080 --> 00:08:05,680 adjourned at 3:47 p.m.