Mr. Hartner provided an update regarding the Sheldon/Mead grant. Notification |
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has been received from the Department of Natural Resources & Environment |
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(DNRE) that the two property appraisals have been reviewed. The City will be |
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authorized to begin negotiations. The appraisals were reviewed by the state |
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appraiser to determine the fair market value which dictates the grant amount |
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which was approved for up to $500,000 or 50% of the fair market value. The |
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state appraisal came in less than originally estimated, therefore, the grant may |
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be less than $500,000 which is still quite significant. |
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