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.

Projects of March 2022

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. 

Projects of October 2022

The city has purchased and demolished 3 homes. The properties were placed out to bid and no bids were received. The City Council has authorized the purchase of 2 more homes in the TIRZ 3 area. The City is working with those property owners to buy those homes. 

TIRZ 3 Budget

Below is the budget for TIRZ 3 for the current Fiscal Year.