December 11, 2017
Any price seems to be acceptable when the taxpayers are paying for it.
The City of Monticello recently closed on the 705.95 acres off Hwy 11 South that borders Feldspar Rd. Despite the assessed value (which is supposed to be the fair market value) being $1,309,900 the City of Monticello paid $3,151,667 for the property.
According to the property record card there is/are 40 acres of pond(s) and 665.95 acres of woodlands valued at $1,233,100. The City designated on the closing statement that they paid $1,800,000 for this land.
Also on the property record card are improvements and accessories—a house, a storage shed, and a well—valued at $76,800. The City designated they paid $1,200,000 for “personal property.”
Overall, the City paid $3,151,667 for 705.95 acres or $4,464 per acre in comparison to the assessed fair market value of $1,309,900 or $1,855 per acre.
The site was first touted as an industrial Megasite by the City Council; however, since the first announcement, the Megasite idea has not been talked about, but instead the Council says the site has become a new source of water for the City.
You will have to decide if the City of Monticello taxpayers will be paying for a good deal or not. The property owners certainly benefited, extremely well.
Citizens, be informed and stay informed! Only by being informed, can the citizens understand what is being done and talked about, and then press our officials to make good decisions for everyone in Jasper County. That is our goal with the Taxdogs blog.