Mr Stern has taken up the option of speaking to directly to councillors at a special meeting today following its decision to sell the land to Repus Funds Pty Ltd for $1,725,000 after it agreed to up the price on its previous offer of $1.6 million in a negotiation described by mayor Anna Speedie as "clunky".

Mr Stern made a bid as part of the initial expressions of interest and then upped his offer to $2.01 million which was again rejected by council in favour of the revised Repus bid.

"I am at a loss to see how council can be discharging its primary obligation of acting in the best of its ratepayers in accepting a lower offer," he said in a letter to council dated August 27.

"I am sure that every ratepayer in Wodonga would be aghast if this money was foregone in the knowledge that a vastly superior, unconditional offer was on the table.

"We appreciate council is very keen to avoid the mess that has been created via the sale of the adjacent saleyards land to IMMIX and the ongoing issues that this is causing."