There's not enough deodorant in Bradley County to eliminate the smell of this deal
Cleveland Mayor Tom Rowland announced he would seek reelection during his annual “State of the City” address to the Cleveland Kiwanis Club on 1-16-2014. If elected, it will be Rowland’s seventh term as the city’s mayor.A strip of land on Keith Street that Cleveland, Tenn., leaders hope to buy for a greenway parking lot has an astonishingly complicated history – not least the fact that they’re paying $200,000 to buy the property back from the same guy they sold it to 12 years ago for $500.
Another curiosity is that, thanks to a misappraisal, the property has been hugely overvalued since it went into private hands and was appraised at roughly $300,000. A new appraisal filed Dec. 29 puts its true value at a little more than half what the city has offered.
And the third oddity is that the landowner was getting a tax break all along on his overvalued property.
The Cleveland City Council on Oct. 26 voted unanimously to buy the property to maintain parking and access to the Mouse Creek greenway. The deal included a three-year payment plan.