News: Medford - Property Purchase (New USPO - 1989)
Transcriber: Robert Lipprandt
Surnames: Eggert, Meyer
----Source: The Star News (Medford, WI) 10/02/2014
Originally published in the Star News, October 4, 1989
Following a counteroffer by the City to his counteroffer, negotiations between the City of Medford and Herman Eggert for a parcel of land at the corner of Broadway Ave. and Whelen St. was still in limbo Tuesday morning.
The City wants the Eggert property, plus property owned by the Medford Co-op and several acres recently purchased from Wisconsin Central Railroad, to offer the Postal Department as a site for Medford’s New Post office.
Several weeks ago the City made an offer on an option to buy the Eggert and Co-op properties at is assessed valuation of $75,000 and $41,000, respectively.
In a counteroffer, Eggert asked $100,000 for his parcel of land, while the Co-op asked $50,000 for their property.
In closed session last week, the Common Council voted to present a “final offer” of $87,500 to Eggert, and $41,110 to the Co-op.
According to Medford Mayor Dolores “Dee” Meyer, the Co-op has accepted the City’s latest offer, but no work has yet been received from Eggert.
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