CHEBOYGAN — Immediately after rescinding a motion to question $15,000 for each acre, the Cheboygan City Council members voted to approve dividing a residence into two parcels and promoting a person of the parcels at $4,900 for each acre.

The parcel accredited to be divided and a part sold at the March 15 unique council meeting was the 16.3 acre parcel owned by the City of Cheboygan off Western Avenue, across from the city’s industrial park and the Kokosing creating. The parcel will be divided into a five acre parcel and an 11.3 acre parcel, with the more compact a person becoming bought for a minimal bid of $4,900 an acre by way of the sealed bid course of action.

“I would make a movement that we have a beginning bid of least of $4,900 an acre for the residence on Western Avenue,” explained Cheboygan Town Council member Kasey Hocquard.

Kasey Hocquard

The council members experienced voted to rescind a motion they had produced on March 9 to market the assets with a minimum bid of $15,000 an acre, in hopes of attracting investors of the cannabis marketplace to deliver companies to that house. As the house is zoned light industrial, it fits the zoning needs for people sorts of amenities.

However, soon after feedback from 1 of the investors who experienced been fascinated in obtaining one of the attributes, the city’s finance committee took a longer search at the sale of the house. The finance committee customers felt it was far better to go with the suggestion from a neighborhood realtor to market the home at a $4,900 an acre, so they could bring in other corporations who want to come to the metropolis, relatively than just concentrating on 1 unique marketplace.