Medical Office Building Held Up by Appraisal Value of Hospital’s LandOctober 20th, 2009 by Rebecca Friend
During the regular Quorum Court meeting held last Thursday, County Judge Damon Lampkin brought up the new Medical Office Building. Dr. Sidney Collins and Dr. Jeffrey Reinhart were there to discuss the status of the prospective building. Collins stated that they had come to a roadblock in the building because the land was appraised for much higher than they were hoping to pay.
The county paid for an appraiser to come in and examine the land and his estimate for the five acres of land was around $224,000. The doctors then paid for a different appraiser to examine the land and his estimate for the five acres was $110,000. The doctors do not want to have to pay $224,000 with all the restrictions that were put on the building. They asked the court to lower the price of the land.
Lampkin asked Attorney Cliff Gibson for legal advice on the issue. Gibson stated that according to the Arkansas Constitution, a county cannot “give away” the taxpayers’ land. If the land is sold for anything less than what the county tax assessor believes it is worth, there would be consequences.
Beth Davis, County Tax Assessor, agreed to look at the second appraisal, to see why there was so much of a difference in price. The court agreed that there was nothing else to do until she compared the appraisals.
The court seemed willing to help out, but emphasized that legally, their hands were tied.
Collins and Reinhart seemed to hope that this issue can be worked out, but said that they may be forced to seek another location.
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