ATLANTIC CITY COUNCIL DENIES COUPLE CONTRACT TERMINATION
(Atlantic) An Atlantic couple are stuck with some property they mistakenly purchased from the city. Ed and Deb Leistad asked the city council to terminate the contract for the sale of city property at 706 Walnut Street.
The Leistads say they mistakenly thought their $5,000 bid encompassed two bare lots instead of one. The council had two options: allow the Leistad’s to back out of the contract if they pay the city $40.00 to cover publication costs associated with advertising the property or legally require them to purchase the lot for the $5,000 bid price.
The Council voted Wednesday night to require the Liestads to purchase the lot for the $5,000.