Petersburg Pilot -

An ordinance amending Petersburg municipal code to allow borough land to be disposed of for less than assessed or appraised value when deemed for a “public benefit purpose” passed in its first reading Feb. 5 at a Petersburg Borough Assembly meeting.

Amending the code will allow the assembly to dispose of borough land at a lower price for projects deemed more valuable to the community than revenues from a sale at full-value.

The municipal code currently has a mechanism for disposal of borough real property for less than the assessed value to a state or federal agency, federally recognized tribe...