Notice of Public Hearing for Sale of Property Located at 205 E. Main Street

Public Notice

Notice of Public Hearing for Sale of Property Located at 205 E. Main Street

City of Lowell, Oregon

The City of Lowell will be holding a public hearing at 7:00 PM on November 2, 2021 at the Maggie Osgood Library located at 70 N. Pioneer Street, Lowell, OR 97452. The purpose of the public hearing is to take comments on the sale of the City of Lowell’s property located at 205 E. Main Street.

Due to the COVID-19 pandemic, the City is providing an electronic option to listen, watch, and participate. Members of the public may participate in person with physical distancing measures or electronically through Zoom by PC, tablet, or phone. For instructions on how to join via Zoom, go to the following web address and select the meeting in question: https://www.ci.lowell.or.us/calendar.

The reason for the sale is that the city purchased this property with the intention of reselling it for commercial development. The property is currently vacant, the City has no use for the property, and the sale will allow the private development of the site. The City’s real estate broker has valued the property at $385,000. The City’s real estate broker put the property up for sale on July 19, 2021. Since then, the City received two offers on the property. At its September 21, 2021 meeting, City Council held a public hearing to take comment on the two offers. Also, at its September 21, 2021 meeting, City Council directed the City Administrator to negotiate a “Purchase and Sale Agreement” with Lowell Investment Properties, LLC to sell the property for $375,000. At the November 2, 2021 meeting, City Council will hear from the City Administrator on the contract that has been negotiated with Lowell Investment Properties, LLC. Afterwards, City Council may vote to approve the contract.

Any written comments concerning the proposed sale received by the City prior to the public hearing will be provided to the City Council. Any interested party may submit oral or written comments at the public hearing on November 2, 2021.

Questions concerning the sale of the property may be directed to City Administrator, Jeremy Caudle by calling (541) 937-2157, or by email at admin@ci.lowell.or.us.