City Manager Rorie Watt
Juneau, Alaska (KINY) - The City and Borough of Juneau started accepting bids Thursday for Pederson Hill Subdivision lots.
City Manager Rorie Watt talked about that on the Action Line program that aired Friday. "I think its really exciting for the people who might buy those lots."
He considers the land disposal a feather in his cap. "That's been a long public process. There have been criticisms on whether we should get in or whether we should do it certain ways. But at the end of the day, there are 17 lots that are going to be for sale and there are going to be 17 homeowners up there with their little piece of the American dream."
Additional disposals are planned in the future. Watt said the road built across the wetlands there can access seventy or more lots.
The local government is selling six of the lots by fixed price lottery on December 10. Five individual lots will be offered through sealed competitive bid. A block of six lots will be offered via sealed competitive bid which is due December 17 prior to 4 p.m.
Fair market land values range from $120,000 to $148,000. Purchasers can make a lump sum payment for parcels, or use CBJ financing which requires a ten percent down payment and rest paid over ten years
The fixed price lottery will take place on December 10 at 5:30 p.m. in Assembly Chambers at City Hall.
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