The city of Tallahassee, Florida, has come back with its price on the Capital City Country Club, and the paperwork has been drawn up for a quick sale.
A month ago, the club wrote a letter asking the city to end its long-term lease and sell the property to the club so it can pull itself out of financial straits. The club paid for an appraisal that valued the land at $1.15 million. The city’s recent appraisal came in at about the same and valued the land at $1.25 million, according to a city staff analysis.
The property has been operated by the country club for nearly 70 years under a $1-a-year operating lease with the City of Tallahassee…