News

Spencer Property Purchase Approved

Spencer Property Purchase Approved

Spencer, IA (KICD)–The Spencer City Council unanimously approved the purchase of up to 47 acres of land on the south end of town this week.

Staff was able to negotiate a purchase price of $12,000 per acre, which was the same price that the Holiday Inn Express Developers paid for it.  Councilmember Ron Hanson shared some concern.

Councilmember Steve Bomgaars had similar concern.

According to city staff the primary purpose in purchasing this property is to be visionary and proactive in their approach in continuing to grow the community and meet some of their goals in achieving that growth.   Two of those goals are to have the ability to continue growing our affordable housing stock that was identified in a recent housing needs study as well as affordable rentals.

Councilmember George Moriarty believes this was a hard to pass up opportunity.

The city will split all cost of acquisition and development of this property with Spencer Municipal Utilities.  The total cost for acquisition and development is expected to come in below $1.5 million.

Local Headlines

in Local

New Cherokee Police Chief Hired

policelights

Nate James has served with the department for 8 years...

in Local

Buddz’s Arson Plea

courtnews1240

One of two people charged in a fire that destroyed a Sheldon business enters a plea...

in Local

Branstad/Reynolds To NW Iowa

Newbranreynolds

Iowa's Governor and Lieutenant Governor are coming to northwest Iowa...

in Local

Fire Crews Called To Rural Storm Lake

fireback

Thursday afternoon blaze took down a garage in rural Storm Lake...

in Local

Infant Death Under Investigation

bvsheriff

A 5-month-old boy was pronounced dead at the Buena Vista County Hospital...