Councilman: Bond task force to reconvene Oct. 21; appraisal ordered after developer expresses interest in Washington property
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Summary
Councilman Enniston said the bond task force will meet Oct. 21 and that a local developer has expressed interest in bidding on the Washington property. The administration was asked to order an appraisal so the task force can vet offers; the developer bid had not been received as of the Oct. 9 meeting.
Councilman Enniston updated the Jonesboro City Council on Oct. 9 about the bond task force’s next steps, saying the task force will reconvene Oct. 21 and may take a vote to recommend action to the full council.
Enniston said a local developer has contacted him with interest in submitting a bid for the Washington property but that the city had not yet received a formal offer. “I do expect to receive that before the meeting on the 20 first,” Enniston said.
To prepare for potential offers, Enniston said he asked the administration to order an appraisal on the Washington property so the task force can complete due diligence before making a recommendation to the full council. He said the appraisal was requested to ensure the task force would “have that information before everybody for the task force so we can make an informed decision.”
No details about the developer, the proposed use of the Washington property, appraisal timeline, or estimated value were provided in the meeting transcript.
Enniston said the task force may vote to make a recommendation to the full council when it reconvenes; the transcript does not record any formal bond-related votes at this meeting.