The Commonwealth Development Authority is looking to gauge the value of all their 41 properties and moved yesterday to sell a lot in Talofofo for a price of $64,000.<\/p>\n
In a CDA board meeting yesterday, discussion revealed that the lot, which will be sold to a Mark Palacios, is being sold at the current market price. The buyer matched the value of the current appraisal completed this month.<\/p>\n
The board was also asked to amend their directive on foreclosed property so that appraisals could be current for one year.<\/p>\n
The board previously set appraisals at a six-month period. But it was noted that an appraisal every six months could be \u201cpricey.\u201d<\/p>\n
This request was approved.<\/p>\n
CDA and the board also discussed the request for proposals for their main building in Oleai. CDA is currently gauging interest in their building.<\/p>\n
This appraisal value, though, was kept confidential and discussion was moved to an executive session.<\/p>\n
CDA is currently updating the appraisal on 31 of their properties with their previous appraiser. The other appraisals for the other 10 properties are being put out to bid. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Commonwealth Development Authority is looking to gauge the value of all their 41 properties…<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[366,4682],"class_list":["post-202165","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-cda","tag-mark-palacios"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/202165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=202165"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/202165\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=202165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=202165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=202165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}