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

Court News

Fresh
courtnews1240

An update of area court news.

in Local

Jackson Man Killed In Crash

Fresh
fatalaccident1240

A two vehicle accident claims two lives.

in Local

Law Enforcement Report

Updated
lawenforcement1240

A report of area crimes and incidents; updated throughout the day.

in Local

Little Big Town Show On For Clay County Fair

Little Big Town DL

The Little Big Town show remains planned as scheduled for the 2015 Clay County Fair.

in Local

Osceola County Accident

Car Accident 1280

A Sibley man was taken to the hospital following a weekend motorcycle versus jeep accident.