September 24, 2014

Appraisal comes in far below asking price

by Barry Featheringill
Sullivan Reporter

Council members voted to rescind a vote taken earlier this month to purchase a piece of property.

Following a 3-2 vote at the Sullivan city council meeting September 8 to purchase the property located at 402 S Patterson for $40,000 an independent appraisal was since obtained.

Due to Freedom of Information Act exclusions, the appraisal amount is not yet public knowledge until either the ongoing negotiations are completed or are terminated. However, the appraisal was described by Mayor Ann Short as well below the asking price.     Login or Subscribe to read the rest of this story.