COLUMBIA, Pa. — Columbia Borough Council on Tuesday approved agreements to sell two borough-owned riverfront properties on South Front Street, together worth more than $1 million.
The agreements are with the Columbia Economic Development Corporation, which will now look for buyers:
- 420 S. Front St., the site of the current public works building, at $540,000
- 430 S. Front St., at $565,000
A council member said the prices are based on an appraisal by a certified real estate appraiser. A resident questioned why the borough couldn’t get more for waterfront land.
Jeff Seibert, a member of the CEDC, said a buyer could pay more than those prices, especially if more than one is interested. If the CEDC can’t find a buyer at least at that price, it would have to come back to council to change the agreement, he said.
A council member said the CEDC will be paid a 1% commission on the sale.
At last week’s budget workshop, council members said the borough’s prospects for selling several properties look good, and that sale money should go back into the borough’s capital account for future projects.