The city of Kimball, Tenn., is looking to buy this dilapidated property on 20 Raulston Cove Road in an effort to keep it from being a hazard to the community.
The city of Kimball, Tenn., may buy this dilapidated property on 20 Raulston Cove Road to keep it from being a hazard to the community, officials said.KIMBALL, Tenn. – City administrators have decided to make an offer to purchase a small piece of property at 120 Raulston Cove Road that includes a dilapidated house.
On Thursday, the Kimball Board of Mayor and Aldermen voted 4-1 to offer 60 percent of Marion County’s assessed value of the property to the bank holding the mortgage.
The county’s 2013 assessment values the land at $13,700 and does not consider the structure on it to be of any value at all, officials said.
Mayor David Jackson had suggested the city offer to purchase the property because there are indications someone has been using the house and the structure represents a hazard to the community.
City Attorney Billy Gouger said bank officials have indicated that they will consider accepting less than what is owed on the mortgage.