(Riverton, Wyo.) – After some discussion, the Riverton City Council agreed to divest itself of the remaining two parcels at the old Hospital site on North 12th East to a buyer represented by Home Source Realty for $90,000. The revenue to the city would be $83,965 after closing and other costs. The two parcels had been on the market for $79,500 and $89,500, respectfully.
The property has been on the market for two years and eight months with only one expression of interest from a buyer due to the high cost of bringing utilities to the site. Water and sewer lines do not presently exist for those two parcels.
Realtor George Piplica said estimated costs to bring those utilities to the parcels, which are comprised of nine single family lots zoned Residential A, would be just over $105,000, or when divided by nine, would total $21,728 per lot.
Mayor Ron Warpness suggested the sale be postponed until the next council meeting in two weeks to give the public time to respond if anyone was interested in a counter offer. However both council members Richard Gard and Jonathan Faubion noted the parcels have been on the market for well over two years and that the public has had ample time to investigate a purchase there. Councilmember Martin Cannan also noted the parcels have been vacant since 2008 and if the current buyer was to walk away, they could be there another 6 years before another offer came in.
The Soldiers Home currently occupies the Northwest corner of the former hospital site, and Habitat For Humanity owns four lots on the Eastern side of the site. The remaining two parcels are those in the middle facing East Jackson and East Park.
When the vote was called, the sale passed on a 6 to 1 vote, with only Mayor Warpness voting no.
The City Administrator’s report on the sale is copied below: