Resolution 2008/09-038 Acquisition of Real Property in Banning California
October 8th, 2008FYI/BOT Agenda October 9, 2008
“Resolution to acquire real property located at 3176 and 3190 West Westward Avenue in Banning, California, identified as Riverside County APN 537-140-001. The purchase price of the property is $350,000.” Administration recommends approval.
Blog:
The administration’s recommended purchase price of $350,000 is far above the one year old (November 2007) MAI appraisal value. Why should the district pay more than the appraisal value? Property values have decreased considerably from one year ago.
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