City of Sidney to hold a public hearing on August 8th
Possible purchase of real estate from WTA Land, LLC to be discussed
August 3, 2023
Barbara Perez, Editor, Sidney Sun-Telegraph
SIDNEY - Since there is a TIF (Tax Increment Financing) agreement on the city-owned building located at 812 Illinois Street that was previously owned by Cabela’s, and because UST has ended their lease on the building, the city needs to either lease or sell the building to another tax paying entity.
The city does not pay property tax on its buildings, and it is the property tax that pays the TIF bond payments. Worldwide Trophy Adventures (WTA) approached the city about this situation and started working with the city to purchase the building so it can be used to house WTA and other local businesses.
A notice of Public Hearing was published in last week’s paper and is reprinted below. The public is urged to attend so that questions may be answered and any mis-information about the transaction can be laid to rest.
The meeting will be held August 8, at 5pm in the Sidney High School Auditorium. The public is strongly encouraged to attend.
Legal Notice # L23-481
NOTICE OF PUBLIC HEARING
Notice is hereby given that the City of Sidney, NE, proposes to hold a public hearing at 5:30 P.M. on August 8, 2023 at Sidney High School Auditorium, 1100 19th Avenue, re: the possible purchase of certain real estate from WTA LAND, LLC upon the following terms:
1. BUYER: City of Sidney,
2. SELLER: WTA Land, LLC
3. PROPOSED PROPERTY
PURCHASE: 1200 Pole Creek Crossing, Sidney, Nebraska
4. PURCHASE PRICE:
Five Hundred Seventy-Five Thousand and 00/100 Dollars ($575,000.00)
5. DEED: Warranty Deed
6. CLOSING: At closing, the Warranty Deed executed by the Seller, will be delivered by the Seller to the Buyer.
Dated this 27 day of July, 2023.
CITY OF SIDNEY, NEBRASKA
Originally Published in the Sidney Sun-Telegraph, July 27, 2023