The City of Bastrop has authorized the sale of the property known as the “Ditto Building,” located at 615 Kammel St., by obtaining sealed bids.
Morehouse Economic Development Corp. director Kay King told the Bastrop Board of Aldermen in Thursday evening’s regular meeting she had the building appraised for $363,000 by an out-of- town appraiser.
“There are no local commercial appraisers here,” King explained. “We often have to go out of town for appraisers.”
The City of Bastrop purchased the former garment manufacturing building in 2005.
King told the board in November that the 151,000-square-foot building’s foundation – on a 4-inch slab – is in good condition.
A concern voiced by aldermen during the meeting was whether the deterioration of the other vital structures of the building may result in a low value assessment.
In 1999, the building was appraised at $600,000.
“This building was in bad shape when the city got it,” King said.
Bastrop city attorney Doug Lawrence said there’s been recent amendments in the law that pertain to accepting minimum bids. He said he will research the legal parameters of accepting commercial property bids.
Aldermen said they hope that a potential new building owner would lead to more local employment opportunities.