One of the first questions YMCA of the Mississippi Valley officials asked about a possible deal to buy the Bettendorf Life Fitness Center was if the city had done a real estate appraisal to determine the market value of the 72,000-square-foot facility and its 3-acre site along Middle Road.
"No, there has not," was the email response from Bettendorf City Administrator Decker Ploehn.
That exchange occurred in mid-December 2021, according to emails obtained by Bettendorf.com under a Freedom of Information (FOI) request to the city. Over the ensuing nine months, the city has not sought an appraisal to determine the current market value of the facility.
Under state law, an appraisal is not required if the city conducts a public hearing on the sale of public property. That public hearing on the sale of the life fitness center for $1.4 million – the county's assessed value which has changed little over the past four years – is scheduled for the city council's Oct. 4 meeting.
City officials in response to questions about the emails obtained by bettendorf.com said using the county's assessed value saved the city from spending money on an appraisal. But by not having a real estate appraiser estimate the actual market value of property, the city could be giving away far more taxpayer dollars than the cost of an appraisal.
