HUTCHINSON, Kan. — The City of Hutchinson is going to sell land it owns in Reno County just west of South Hutchinson, if a real estate agreement is approved Tuesday by the Hutchinson City Council.
According to the agenda documents, a 3.5 acre tract of farm ground is owned by the city immediately north of the combined highways of K96/50/61. This tract of real estate is to the north of the frontage road which leads to the Veterans Memorial and Salt Monument in South Hutchinson.
The tract was acquired as part of an eminent domain proceeding for the construction of the levee system in the 1950’s. The intended use of this acquired parcel was to provide fill dirt for the levee construction project.
The City of Hutchinson has not utilized this real estate since it was acquired in 1952.
The real estate parcel to the east of the City’s tract is being sold at an on-line auction by Biglron Realty. Mike Campbell of Biglron Realty contacted the City of Hutchinson to see if there is an interest in selling the City’s 3.5 acre tract along with the remaining 22 acres to the east.
Sale of the parcels jointly, according to City Attorney Paul Brown, is quite likely to produce a better sales price than if the City’s tract was sold separately.
A proposed Listing Agreement for the on-line auction sale of the City’s tract is part of the agenda documents. The brokerage fee will be Five Percent (5%) with the City receiving a pro rata share of the sales proceeds per acre. The broker would be responsible for the costs of advertising; and the City would have a portion of the costs for title insurance and the closing agent’s fees.
The Hutchinson City Council meets Tuesday at 9 a.m. at City Hall.
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