City buys trailer court for $1.8 million
Oct 25, 2018 | 1194 views | 0 0 comments | 27 27 recommendations | email to a friend | print
The Moab City Council in a 5-0 vote accepted a $1.8 million low-interest loan from Zions Bank in order to purchase an aged trailer park on Walnut Lane.

The move, which was made at the Tuesday, Oct. 23 meeting and was greeted with applause from the audience, marks the city’s entry into the affordable housing market.

City Senior Projects Manager Tracy Dutson provided an overview for the project, which calls for the eventual construction of 80 units. For now, though, the $1.8 million will be used to purchase the property, which is home to 39 occupied singlewide trailers.

What happens to those 39 families is key to the city’s two-part plan. Phase one is the purchase of the property, which will close sometime in June, said Dutson. In the meantime, tenants will continue to reside at the park and the city will hire a management firm.

The lease purchase agreement comes with a 3.91 percent interest rate and is tax exempt, but the city will likely have to bond for the construction of affordable housing.

The current trailer park tenants will be able to rent one of the units once construction is complete for an average monthly rental rate of $420, which is what they’re paying now, on average, said Dutson.

A redevelopment design has to be completed, zoning questions answered and the city will receive public input as the project moves forward, said Dutson.

Dutson said the purchase price is in line with a recent appraisal the city commissioned. Dutson said a minimum of 80 units was required to make the project feasible, prompting Mayor Emily Niehaus to say she was “really excited, but also super nervous.”

Niehaus wanted assurances the 80-unit mark was obtainable given the city’s codes for required setbacks, mandatory parking and other space-eating issues.

Copyright 2013 The Times-Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

report abuse...

Express yourself:

We're glad to give readers a forum to express their points of view on issues important to this community. That forum is the “Letters to the Editor.” Letters to the editor may be submitted directly to The Times-Independent through this link and will be published in the print edition of the newspaper. All letters must be the original work of the letter writer – form letters will not be accepted. All letters must include the actual first and last name of the letter writer, the writer’s address, city and state and telephone number. Anonymous letters will not be accepted.

Letters may not exceed 400 words in length, must be regarding issues of general interest to the community, and may not include personal attacks, offensive language, ethnic or racial slurs, or attacks on personal or religious beliefs. Letters should focus on a single issue. Letters that proselytize or focus on theological debates will not be published. During political campaigns, The Times-Independent will not publish letters supporting or opposing any local candidate. Thank you letters are generally not accepted for publication unless the letter has a public purpose. Thank you letters dealing with private matters that compliment or complain about a business or individual will not be published. Nor will letters listing the names of individuals and/or businesses that supported a cause or event. Thank you letters about good Samaritan acts will be considered at the discretion of the newspaper.