Wednesday, April 16, 2014
   
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Too Sell, Or Not Too Sell

(Le Mars) -- The Le Mars City Council took the action today during their regular meeting to reject all of the submitted four bids for the city owned property located on North Business Highway 75. The property in question is the former Iowa Department of Transportation maintenance sheds.  The city is asking a total of $50,000 for the one-point forty-four acres of property.  There was a difference of opinion from council members as to whether the council should sell the property today.  Councilman Ken Nelson suggested the city reject all offers and wait for a better offer.

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Meanwhile, Rex Knapp and Delana Ihrke both thought the offers were good and asked the city council to consider selling the property.

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Nelson believes since the property is of close proximity to the recreation trail and to the Floyd River, it may attract a recreational type business.

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Interested buyers had until August 28th to offer the city a bid for the land and buildings.  Two of the submitted bids were for $40,000 and a third offer was for $30,000.  The fourth bid was for the amount of $7,500.  Councilman Knapp made the motion to accept the bid offered by Wayne Kolbeck for $40,000 with a $5,000 down payment, but the council turned thumbs down the motion by a 3 to 2 vote. Shane Sitzmann, representing the Sitzmann Real Estate Company, and acting as a contractual agent for the city, informed the council members that they have had 40 showings of the property.  Sitzmann asked the city officials for clarification as to what is next step?

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City attorney Joe Flannery informed the city council and Sitzmann that they would be forbidden to make any counter offers.



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