NL Council approves survey for proposed housing subdivision, zoning permit for Dollar General
BY BROOKS TAYLOR
Mt. Pleasant News
NEW LONDON — City council members took a couple of small steps forward Monday evening in terms of residential and commercial development during a special meeting.
Council members approved a survey for the development and sale of residential lots along Adams Street.
The council has discussed the housing subdivision development for quite some time. The survey of the five lots, which measure 100x140 feet, will cost the city $4,300.
Frank Staley, who made the motion for the survey, said, “I would approve surveying the lots, then people know what they are getting. We also want to see if these (lots) are a drawing card.”
Two couples attended the council meeting and indicated they would like to purchase lots in the subdivision and build as soon as possible. They asked the council for a ballpark figure on the price of the lots.
“We have to ascertain market value of the lots,” answered Councilman Greg Malott.
Councilman Kirk Miller said he has discussed the subdivision with the Southeast Iowa Regional Planning Commission (SEIRPC) and was told “there are a lot of innovative ways we can do it, possibly even offer some incentives.”
City Clerk Kasi Howard said the purchase of the lots would include some property tax abatements included in city code “unless you wanted to change it.”
The council learned that it would cost approximately $11,000 to extend water and electricity to the subdivision.
“I think if we would sell them for $15,000, they would go quickly and we could pay for water and sewer,” noted Miller.
The council said it would discuss “fair market value” for the lots with a real estate agent and look at pricing next month.
“Local lots are selling for between $12,000 and $22,000,” Mallott said. “We could probably get (cost) information from a real estate agent on the price of the last 10 lots sold.”
Moving to commercial development, the council approved a zoning permit for the Overland Group, who intends to build a Dollar General store in the community on South Pine Street. The permit was approved contingent on the developer purchasing the land.
“They are going to buy the lot, they want the whole purchase ready to go,” Howard explained. “I think it is pretty concrete but haven’t gotten the final word.”
“I wouldn’t count on it until they stick the shovel in the ground,” Staley cautioned.
The council also went into closed session to discuss the purchase of real estate but made no motions when it reconvened in open session.
Following the special meeting, the council met with attorney Steve Ort in a work session to discuss the proposed scheduled municipal infractions penalty procedure and appeal.