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East Central Reporter

Wednesday, November 20, 2024

Shelby County Farm receives bids exceeding appraised values

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Wasim Khokhar Technical Manager at Shelby County Government | Official Website

Wasim Khokhar Technical Manager at Shelby County Government | Official Website

A redacted bid for the Shelby County Farm purchase has been released, showing offers that exceed the minimum prices set by the county resolution. The bid outlines two parcels of land with specified minimum and offered prices.

For parcel 1812-03, the appraisal had set a minimum price of $6,500 per acre, totaling $520,000 for 80 acres. The submitted bid was $8,201 per acre, bringing the total to $656,080 for this parcel.

Parcel 1812-04 had a minimum price of $8,000 per acre according to its appraisal, amounting to $1,248,000 for 156 acres. The bid presented was significantly higher at $11,302.55 per acre or a total of $1,763,197.80.

The information provided in this report highlights bids that are notably above the appraised values as outlined in the initial resolution.

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