The Town of High River's sealed bid process to sell 14 residential properties acquired by the Town from the province earlier this year has wrapped up. 

The final bids were opened on July 21.

The Town is now working with the successful bidders to complete the sales and transfer title of these properties back to private ownership now that the bidding process is complete.

Once all the paperwork is done a final report will be prepared detailing the project's costs and the final revenues. 

The report will be presented to Town Council in September and the council will determine how the funds will be used.

The first two homes that went up for bid sold over prices substantially over estimates.

According to a statement on the Town's website, the funds raised through the sealed bid sales have shown that the Town has made a sound investment of taxpayer dollars in purchasing the properties with a substantial return on that investment. It goes on to say the project has succeeded in its objective of returning the properties to private ownership, enhancing the neighbourhoods by returning residents to the homes, creating a return on investment for taxpayers, and stimulating the economy with local trades working to prepare the homes to be reoccupied.