Broken Bow council approves surplus-property sale with $6,500 minimum bid and remediation condition

Broken Bow — The Broken Bow City Council on May 28 approved Resolution 2024-04 to sell surplus real property described as Lot Six and the north half of Lot Seven in Block 12 of Jewett & Lilly's Addition.

Councilmember Russ Smith moved, and Councilmember Luke Wassom seconded, to approve the resolution with a minimum bid of $6,500 and the condition that the successful bidder have 60 days after deed transfer to remediate the property’s nuisance status. Sealed bids must be submitted to the City Clerk by 12:00 p.m. on July 3, 2024; the bids will be opened at the July 9 council meeting. The motion carried with Smith and Wassom voting aye; two councilmembers were recorded absent.

Why it matters: The resolution puts the property on the market with a low minimum bid but requires the buyer to address nuisance conditions within a fixed timeframe, giving council a mechanism to move responsibility for remediation to the purchaser while recovering the property.

What’s next: Sealed bids are due July 3 and will be opened July 9; the minutes record approval of terms but do not provide details about planned advertising or appraisal beyond the minimum bid.