Lake Havasu City could sell five acres to lone bidder
Lake Havasu City officials may award a bid Tuesday to sell five-acres of city-owned property to the only bidder.
James Hudson bid $290,500 for the parcel of land at 2972 Amigo Drive on the north side of Havasu. According to city documents, the property’s appraisal as of December 2017 was valued at $290,000.
The parcel is currently zoned as “public lands and facilities” but will have to be rezoned to “single-family residential district” as a condition of the sale.
While Hudson was the only person to submit a sealed bid to the city on May 30, Michael Handfield submitted an application to the city’s Community Investment Department in October 2017 requesting to purchase the property, which is adjacent to his own property, according to city documents.
“Staff determined the property had no government purpose and subsequently acquired an appraisal of the property for market value to establish a minimum bid for the property,” the documents state.
Handfield did not submit a bid for the property, however, and the city will refund his $1,721.25 application fee.
A public hearing for the measure will be held at 6 p.m. Tuesday at the Lake Havasu City Police Facility.