Bidding out the Iron Works land
With the Catasauqua municipal building on a fast track schedule to complete this summer, Catasauqua is putting the remaining acres of the Iron Works site out to bid.
Councilwoman Christine Weaver, chair of the borough planning and zoning committee, explained the process of acquiring a developer.
“We need to get bids on the property according to the municipal code,” she said. “We can’t just sell it through a realtor or broker.”
The planning and zoning committee is planning to make a formal presentation on the bid process at the March 6 council meeting.
Weaver gave no indication if there is a minimum bid the borough is willing to accept.
“Selling land on a bid process like this is difficult because there are so many variables that arise in the negotiations,” she said.
Borough Solicitor Thomas Dinkelacker is charged with ensuring all the legal rules are followed.
No time frame was identified for the length of the bidding process. In other borough property sales, Pearl Street property for example, the council rejected several bids until it received one similar to the property’s appraised value.
The borough purchased all 12-acre site along Front Street from FL Smidth in a controversial plan well over three years ago. The municipal building occupies a little over 2 acres. The borough took positive steps to ensure a developer will have the latitude to develop an architecturally significant project that will spur development of the borough’s business district.