Assesed Value Of Property Less Than Half of Agreed Price

According to an assesment of the value of the land at the corner of Flaming Gorge Way and North Fourth West, the City of Green River paid twice what the land is worth. land at the site is worth one hundred five thousand dollars. That's the figure the Sweetwater County Assessor’s Office came up with, and it's less than half of the two hundred and fifty thousand dollars the city approved last month for the purchase of the land. The assessed value does not include value of the metal structure at the site. The vote came in 4-1, with ouncilman Jim Boan voting against the proposal, saying he felt the Council was paying too much and the Council had only gotten the document that night. Councilman Gene Smith was absent from the meeting. Councilman Adam Copollo said the price was based off comparable property values and how much land can go for in Green River.Barry Cook, the city’s administrator, said the Council never requested an appraisal of the property and felt there was a value to the property beyond the tax value of the property.