We’ve met with the city twice on this. The first time they told us about a fictitious moratorium they placed on the park’s vacant pads and informed us that the age of homes had to be no older than 15 years if we needed to replace one of the existing units. We asked them to provide documentation.
Our seller was able to produce documentation on the moratorium. His documentation was a federal court order. Basically, he had dragged the city into federal court when they first tried to place a moratorium on his lots. Our seller won that fight so feel pretty good about that issue. The city has been unable to present us with any proof of the existence of a moratorium.
Furthermore, the city has yet to produce any proof that they do have an age restriction on mobile homes so we are thinking this is another bluff. Additionally, the restriction has changed from 15 to 10 years since the last time we spoke to them. I’m guessing they’ll tell us it’s five when we close at the end of the month!
This city is an extremely small city in a mid-sized market. They don’t have a post office. In reality, there is no purpose for them to be a real city. If this was a much bigger city, I would certainly agree with Greg here. Our general thoughts are that the people who run this city have no idea what they are doing and they’ve even agreed with us at times on that assessment.