Park District sells part of Plum Creek arboretum
DIXON – The Park Board signed off on selling about 50 acres of the Plum Creek Arboretum for about half of what it was hoping to get.
The board’s first attempt at selling the land through a sealed bid auction in August didn’t attract any interested buyers, and a minimum price was set at $575,000.
The minimum price was waived and the property was split into two parcels the second time around for selling the property, and the board approved the only two bids it received Wednesday.
About 34.5 acres was sold to Sam Strom for $207,513, and the other 15.4 acres was sold to Zach Sitter for $80,026. Both bids total $287,539, almost exactly half of what the district was aiming for.
The initial price was based on an appraisal the district had done by DeKalb-based Carlson Appraisal Service, which valued the property at $555,000.
About a year ago, the board looked for property it could sell to reduce maintenance costs and bring in one-time revenue for improvement projects, and land bigger than 3 acres needs voter approval before a government can try to sell it.
About 67 percent of voters approved a referendum in March for the district to sell up to 50 acres of the arboretum at 620 Palmyra Road.