Ordinance would allow sale of borough property below assessed value for public benefit

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...