Jamestown (CSi) The Jamestown/Stutsman Development Corporation’s (JSDC) Executive Committee is recommending JSDC turn over the remaining seven lots in the I-94 Business Park to the city of Jamestown and is reviewing real estate policies.

The city would then have the possibility of selling the lots at auction, to a possible developer.

The sales proceeds would be paid back to the Stutsman County and Jamestown economic development funds.

The JSDC has been offering the lots for sale at $1 per square foot.

Lot purhasers are required to build within two years of purchase, and required to pay back a portion of the profits if the lot is sold at a profit within five or seven years, depending on the sales contract.

The properties also have covenants regarding the types of buildings that can be constructed, number of parking spaces and landscaping requirements.

JSDC plans to retain ownership of its industrial lots located at the Spiritwood Energy Park Association site.