Newly acquired EDC property to be sold through sealed bid

Sam Holbrooks

Wednesday, March 27, 2019

With an aim toward expanding the footprint of downtown Seminole businesses, the Seminole Economic Development Corp. recently acquired two properties on S.W. 2nd Street, one a commercial property and the other a vacated private home. The group plans to use part of the acquisition to provide additional parking for the benefit of Main Street business.

Under discussion on Monday, as the SEDC Board of Directors met at City Hall, was how the city might dispose of the house, located at 105 SW 2nd Street. A unanimous vote by the Board authorized City Administrator Tommy Phillips to submit the property for sale through a sealed bid process.

A date for such a bid is forthcoming after the property can be prepared for viewing. The Board did agree that a potential buyer should be prepared to move the building within 45 days of sale. If that period of time should expire, the house would be razed.

In his Administrative Report, Phillips said a planned parking lot for that portion of 2nd Street will be engineered for proper drainage.

He also said the sale of a seven-acre tract of land at the city-owned business park area has been finalized with International Fatum Technologies, LLC (IFT). An additional seven-acre tract, designated for IFT’s sister company, awaits completion of a survey.

Phillips reported that sales tax receipts for the month saw yet another increase by 29.71 percent over last month, with a 28.04 percent year-to-date increase in revenue.

After retiring to Closed Session to deliberate potential business prospects, the Board returned, with no actions taken.