The Scottsbluff City Council defines bidding parameters for the sale of a city owned property.
The city of Scottsbluff will now require a minimum bid of $400,000 dollars from anyone hoping to purchase the previous Aurora Loan Services building.
The building was recently appraised for more than $1 million-dollars, but city officials don't want to place the building's minimum bid too high.
City Council members say they want to encourage proposals.
In addition to the property's new minimum bid, the City Council will require a building proposal for anticipated use.
The proposal must include timing, projected employee salary and benefit package offers to ensure plans for appropriate economic development.
"This is an I-B 40 fund asset," says City Manager Rick Cuckkahn. " It's not a city asset, so to speak, and it's there to promote economic development in terms of future employment."
Under these new parameters, the bidding process will also be closed to avoid messy offer/ counter offer activity.
