Borough to hold public auction for land sale
The Petersburg Borough will hold a public auction December 16 during an assembly meeting for the purchase of borough land.
Lots 2, 3,4 and 5 on Block 263 on undeveloped portions of Valkyrie Street will be up for auction.
John and Miriam Swanson applied last April to purchase lots 2 and 3 and possibly lot 4.
The planning and zoning commission originally recommended the land be sold privately but after further review changed its recommendation.
According to the resolution approving the public auction, the electric department has expressed reservations about the sale and believes it should be delayed until a street exists to more easily provide service.
The resolution also states, “…other lots within the immediate vicinity are privately owned, and to conform to the letter of the municipal code, the Commission at their September 9, 2013 meeting, recommended that the lots be sold as separate parcels at a public outcry auction…”
Community Development Director Leo Luczak said it’s important to note that to build anything on the lots, utilities would need to be installed and there is no road access.
“Eventually a road probably will be constructed but there are no plans in the foreseeable future,” Luczak said.
Borough Assessor Mike Renfro assessed each lot at a value of $6000 apiece and that price will be the minimum bid.
The resolution states the lots will be sold “as-is” and, “All bidders should personally inspect the parcels and make their own determination as to whether the land will meet their needs. The buyer assumes the entire risk as to the parcels quality and suitability for intended use.”