Old Town house sales revised

Published 8:23 pm Saturday, August 13, 2016

Some changes were made to the Selma City Council’s plan to sell three Old Town homes and surrounding vacant lots.

On July 31, the council voted to sell the land to Rivertown Development, LLC and Sylvia Smith for $20,000. They amended that sale this week.

Under the new agreement, the council will still sell the property to Rivertown, but will require that they, in turn, sell 900 Tremont Street to Patrick Smith and part of a vacant lot to Melvin Gordon.

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A possible sale has been discussed since April. Smith told the council she wanted to purchase the homes and fix up the properties.

Patrick Smith’s family has lived in the home for more than 25 years, continuing to reside there after the city took over ownership in 2011. He has told the council he would like to buy the home.

“It’s a condition of us selling you the property. You have got to transfer the property to Mr. Patrick Smith,” said City Attorney Jimmy Nunn.

Under the revised deal, Patrick Smith will pay Rivertown Development $10,000 for the home in monthly installments of about $300 at 2.2 percent interest.

Also, Melvin Gordon would buy half of a vacant lot next to his home for $1,000 over 12 months at 2.2 percent interest. Gordon also has the option to rent 901 Church Street, which he has been using for storage, for 12 months at $150 per month.

Patrick Smith and Gordon have both been renting the properties from the city of Selma at $150 per month. However, Patrick Smith was more than two and a half years behind on his rent. Nunn said he paid $1,000 Monday but owed a total of approximately $2,500.

Patrick Smith and Gordon both made offers to the city for the lots but wanted to make payments. The council didn’t discuss what happens if monthly payments aren’t made to Rivertown Development.

The deal still has to get final approval on second reading, which could happen Monday night.