Lincoln City Council
City receives one bid for properties on South Chicago Street
Will be asked to approve the at the
February 5th voting meeting
Send a link to a friend
[January 25, 2024]
Tuesday,
January 23rd the Lincoln City Council participated in the last
committee of the whole meeting for the month. Because January is a
five Monday month, there will be no meeting next week. The first
meeting of February will be on the 5th and will be a voting meeting.
During the February 5th meeting, one item expected to be on the
agenda will be a motion to approve a bid placed by Integrity Holdings LLC for the purchase of 112, 114, and 116 South
Chicago Street in Lincoln.
The three properties were acquired by the city with the intent
purpose of reselling them to someone who would clean up the
properties and restore them to usable condition as retail or
professional spaces.
![](http://archives.lincolndailynews.com/2024/Jan/25/images/ads/current/cefcu_sda_LUAL_2023.png)
Tuesday evening Mayor Tracy Welch said that the city
had received a bid of $100 from Integrity Holdings, LLC., and that
was the only bid received.
Zoning Officer Wes Woodhall explained the caveats within the bid
package had included that at the buyers expense the condition of
each address would be improved upon. He said that the bidder had
addressed those caveats, providing a 120-day timeline for some of
the most critical work.
The timeline includes within the first 60 days the rear of the
structure at 116 will be addressed as that is the building that had
collapsed a few years ago and has since gone unattended. After the
partial tear down, the back of the building is to be made secure so
animals and humans cannot gain entry.
[to top of second column] |
![](../images/012524PIX/DSCN0089291_small.JPG)
![](http://archives.lincolndailynews.com/2015/May/02/images/ads/current/guzzardo_lda022609.png)
The buyer will also address
cleaning out the trash that is inside each of the three
properties and making sure all openings are secured. Woodhall
said that of the three, 116 holds the greatest amount of concern
with holes in the tuckpointing, and of course, the damage to the
back side of the structure.
In the 90 to 120 day plan, the new
owner will work on the exteriors of the buildings with repairs to
the roofs, tuckpointing and other projects while at the same time
continuing to work on the interiors.
After that, Woodhall said the buyer is planning to have
architectural work done on the inside and outside, and will be
seeking permits for structural improvements throughout the process.
The item is expected to come to a vote on February 5th, but as is
always the case, the council has the right to table any motion if
they feel they are not prepared to make an informed decision.
[Nila Smith]
![](http://archives.lincolndailynews.com/2024/Jan/25/images/ads/current/humanesociety_sda022411.png) |