The Horseshoe Bend City Council unanimously approved a measure Dec. 20 giving the mayor and recorder/treasurer the authority to sign over 365 city lot deeds to a Cherokee Village-based company for the purpose of selling them.
"We've checked out these lots and we're not using them and we won't need them in the future," Recorder/Treasurer Sally Pohl said.
Horseshoe Bend Mayor Bob Spear said after each lot is sold the city will collect property taxes and assessments from the new owners.
The lots were sold for $50 apiece to American Land Company.
Pohl said the money will be divided according to assessment value between the MRID and the MSID.
Spear said American Land Company plans to resell the lots on ebay for approximately $1,000 apiece.
Pohl said if the lots sell for more than $1,000, MRID and MSID will receive 5 percent of the additional profit.
"If this thing works out, it really is a win-win situation for all those involved," Spear said.
Currently the city is not collecting any money from the delinquent lots.
Pohl said the city inherited the lots after the Horseshoe Bend Development Company went bankrupt in the early 1980s.
In other city council business, the 2005 city budget was unanimously approved by the city council.
"I appreciate the time and effort this council has put into the budget. It's something I think we all can live with," Spear said.
Alderman George Williamson said Spear and Pohl deserved some of the credit for the budget.
"You (Spear) and Sally put together a good package for us to work with," Williamson said.
The city council unanimously approved a finance committee recommendation that the city allocate $402 to the police department to purchase four stationary and one handheld radar units.
The total cost of the radar guns is $4,018. Spear said a local law enforcement block grant will cover the rest of the expense.
He said in order for the police department to receive the grant the city had to pay 10 percent of the purchase cost.
Before the meeting concluded, Spear took a moment to thank two outgoing alderman, Ron Dupler and Smiley Lenhard, for their service to the council.
"You (Dupler) did a good job for us and Smiley did, too," Spear said.
Lenhard, who is retiring, was not present at the meeting. Dupler was unseated by challenger Willie Moser in the November general election.