Surplus city-owned property has been placed on the market for sale.
In an ordinance Tuesday, council designated the Oberlin Community Improvement Corporation to serve as the city’s agent in the sale of the commercial and industrial property.
Unused land on North Oberlin Road, Hill Creek Drive, and at 382 Stern St. will be sold for fair market value, and for uses that will stabilize the economy and provide employment, said Janine Mackert, economic development officer.
“There has been some interest in properties, and we’ve not been able to act quickly on it,” she said. “Having OCIC as the agent will allow us to have a more efficient, flexible means of marketing and selling.”
The properties have been on the market for a long time, said planning director Carrie Handy.
In the past few years, there has been interest in the 32-acre property on Stern Street. She said she wants to have a plan in place in case someone makes a serious offer.
The Oberlin Community Improvement Corporation will be given a five percent commission of the gross sale price, which will fund future economic development.
“If we were to sell all these properties, we’re looking around $810,000,” said councilman Kelley Singleton. “That would give around $40,000 to the OCIC.”
He also made it known that the treasurer of OCIC is city finance director Sal Talarico.
Laurie Hamame can be reached at 440-775-1611 or @HamameNews on Twitter.