By
Kim Chatelain, NOLA.com | The Times-Picayune
The Times-Picayune
on December 14, 2012 at 3:25 PM, updated December 14, 2012 at 3:45 PM
Mandeville Mayor Donald Villere has been authorized to accept the donation of a lot along the city?s popular lakefront from a New Orleans construction company. The Mandeville City Council unanimously approved an ordinance that clears the way for the city to accept the property from Gibbs Construction Company in exchange for waiving $24,122 in taxes owed to the local government.
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City officials said they have no plans to build on?the property, which has a 121-foot frontage on Lakeshore Drive and a depth of 535 feet. Gibbs has not developed the property primarily because it is wetlands and is divided by Ravine aux Couquille, which empties into Lake Pontchartrain. It is currently zoned R-1 for residential development, but officials said Thursday night that once the city takes possession the zoning may be changed to a designation that would require the property to remain green space. The lot is currently filled with rip-rap and vegetation.
Villere had touted the?acquisition and?tax waiver as a very good deal for the city, since the property was worth much more than the outstanding tax bill.??This is a very generous donation,? Villere said. ?We are acquiring a very well-positioned piece of property.?
View full post on St. Tammany Real Estate News
Source: http://tammanyrealestate.com/news/mandeville-mayor-authorized-to-accept-donation-of-lakefront-land/
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