RM 05-16-80 - Laserfiche WebLink

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South Beno Redevelopment Commission Regular A eting - May 16, 1980 6. NEW b. Mr. Ellison continues... Secondly, we have found that there s not historically existed substantial interest in buying the land in LaSalle P rk. Part of the reason is that the area contains a great deal of muck land. us, it is difficult for a typical home Wyer to purchase that land and use it for a building. In addition there has been some lick of interest in buying the land because w have made it available at no charge t residents who wish to garden on it. In any event, because of lack of i terest in buying land, the depart - m nt has undertaken some initiative over the years to dispose of or encourage people to buy it. One m thod we began using four years ago w s to sell land on a time payment b sis. Our experience with time p yments, however, is that these didn't work very well because buyers have not made regular payments or have made payments in nominal ousts. As a result time sales p yment arrangements have typically e tended for a number of years. In a dition, to all of the above, it costs e department more money to sell a lot than the department receives in i come from that lot. Therefore, we concluded late last stumner that there exists a need to figure another method to dispose of the land. The Disposition P an you have before you results from t at effort. The plan calls for using tie approach the City used a year or so ago in disposing of its vacant lot inventory- -that is to sell it for $1.00 per lot. The plan calls for this to be done in three phases. The first p ase is an application period which w uld be open to adjoining owners t department -owned property. An adjoining owner would have first o portunity under the plan to acquire tie parcel next to them. There are s me provisions to take into account situations where there may be two adjoining owners. After going through 5