City Council votes on UniverCity property

BY DI STAFF | NOVEMBER 02, 2011 7:20 AM

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The Iowa City City Council voted 6-0 to set a public hearing for November 22 on a proposal to sell a house that the city bought for $150,000 as a part of the UniverCity program.

The UniverCity Neighborhood Partnership Program permits the city to purchase 26 residences in designated neighborhoods close to the university. The program then rehabilitates the units using a $50,000 grant.

The city proposes to sell the single-family home locatedat 1208 E. Bloomington St.

The house will sell for more than 150,000 once other fees and maintenance costs that exceed the allotted $50,000 are factored in, officials said.

— by Asmaa Elkeurti

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