Update: FOIA filed. Locust has to do with an ISU land swap from 2015.
By: Diane Benjamin
The video of last night’s Normal Town Council says it’s 10:23 minutes. The meeting doesn’t start until 6:48, so the actually meeting was less than 4 minutes.
Start the video around 6 minutes – you can hear the story of somebody falling off a horse. (Mark Peterson?)
Nobody asked about buying 404 W. Locust:
Somebody should have checked the appraised value of that property:
101,157 x 3.33 = $336,853
Normal paid almost $900,000 for a property only paying taxes on $336,853!
No documentation was included in the packet.
Was the property severely under-assessed or did the Town redistribute tax dollars?
If properties are under-assessed, it means everybody else in Normal has to pay more on their property.
It’s not the first time Normal has paid far more than assessed value and I’m sure it won’t be the last.
I think a FOIA needs to be filed.