(Atlantic) A public hearing will be held later today on the sale of some city owned property.
Two weeks ago, Jacob Weitzel submitted an offer to purchase the lot on 314 Walnut Street for $30,000. Weitzel says he plans to build a restaurant/sports bar on the site with future plans to add office space on a second floor and luxury condominiums on a third floor.
As required by law, public notice has been given for a hearing to be held on this item so that the public or Council can ask questions and make comments relative to this proposed sale. The Council can ask questions of Weitzel and give him ideas as to what the city wants or needs before accepting his offer to purchase the property.
Mayor Dave Jones has suggested that the sale should be conditioned on the City having the first right of refusal to buy back this parcel at the original sale price if a building is not erected on the site within a certain time frame. The City Attorney is working on this language with the realtor and will send the Mayor and Council a copy of the proposed Resolution.
May 15, 2013