Hubbard County hires agency to appraise Heritage campus

County commissioners listened to 2 proposals throughout their Tuesday, April 6 assembly. The opposite agency was Shenehon Firm of Minneapolis.

At their February assembly, the board agreed that finishing an appraisal of the county-owned nursing facility is step one in a protracted technique of deliberation. After information gathering, they plan to determine whether or not to refinance or divest the enterprise in late summer season or early fall.

“These are distinctive properties, so it was clear that native appraisal corporations have been in all probability not going to have the ability to do the work, though we invited them into the method,” stated Interim County Administrator Kay Mack on Tuesday.

Mack defined {that a} subcommittee of the board reviewed all submitted requests for {qualifications} (RFQ) from appraisal corporations, narrowing it down to 2 for the entire county board to interview.

Michael Baldwin, CEO of OHC, stated his agency will present estimated market values of Park Villa Flats as one property, then Heritage Residing Heart, Heritage Manor and Heritage Cottages as a separate entity. Collectively, the campus presents senior flats, assisted residing, reminiscence care and expert nursing.

“We do nothing however senior housing group and well being care facility value determinations and market research, so this really is our experience,” Baldwin stated. He stated his agency has finished numerous work in Minnesota, together with holding the state contract for Medicaid rate-setting functions for all of the nursing properties within the state. “That was 200 amenities that we appraised.”

OHC’s skilled price totals $25,000, with a 50 p.c retainer required. Their proposal states the project might be accomplished inside six weeks.

As a result of impression of COVID-19 on senior suppliers, Baldwin really useful utilizing a specialised appraiser. He stated OHC would full each an “as is” and “upon stabilization” values, “so you’ll perceive what’s the property price right this moment in addition to what is going to or not it’s price once you go to market, say in a 12 months from now.”

The board unanimously authorized OHC’s proposal.

In different enterprise, the board did as follows:

  • Authorised the alternative of a zero-turn mower for the Sentence to Serve program, at a price of $3,627 from the Midwest Equipment Co. of Wadena. County Sheriff Cory Aukes stated donations would cowl the acquisition.

  • Discovered that the county social service division obtained an ideal efficiency commendation from the Minnesota Division of Human Companies for assembly all 2020 monetary reporting necessities.


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