Fort Dodge City Council AgendaPacket 2026-05-18
City approves sale of 1512 18th Ave S for redevelopment
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Description
Fort Dodge plans to sell 1512 18th Avenue South to Shea and Jean Newsom for $5,000 under a redevelopment agreement requiring demolition of the existing structure and construction of a new home with a projected $250,000 investment within 30 months. Sale proceeds will support the City’s Abandoned Building fund.
Contract Details
Contract Amount
$5,000 purchase price; Estimated $250,000 in improvements
Vendor
NEWSOM, SHEA & JEAN
Agency
Fort Dodge Airport Authority, IA
Contract Type
OTHER
Document Date
May 18, 2026
Contract Term
Redevelopment to be completed within 30 months from transfer
Renewal Info
Development obligations tied to a 30‑month completion period from property transfer; failure to perform may cause reversion as outlined in redevelopment terms.
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