TIRZ 3 Projects
Based upon survey results sent to homeowners in the summer
of 2021 the TIRZ 3 Board asked City Staff to work with the only 3 property
owners that responded to the survey that they wanted to sell their home in 2021.
The homeowners selected an appraisal firm from two options. Once
the appraisals came back the information was shared with the city and the homeowners.
All three homeowners accepted the appraised value of the home as the purchase
price. Based upon this the TIRZ 3 Board recommended the purchase of three homes
to the City Council. City Council authorized the purchase of these three homes
in October 2021 in Resolution 2021-70.
As of the end of March 2022 two homes have been purchased.
These homes are scheduled to be demolished by the end of April. At that time
the lots will be listed for sale. The sale of the properties will require the
new owners to begin construction of a new single-family residence within 6
months of the purchase.
The third property is anticipated to be purchased by the end
of May 2022, with demolition to occur in late summer 2022.