City to ac­cept bids for First Ave. prop­erty

Daily Freeman (Kingston, NY) - - LOCAL NEWS - By Ariél Zangla azangla@free­manon­line.com ArielAtFree­man on Twit­ter

KINGSTON >> The Com­mon Coun­cil will ac­cept bids for the sale of a prop­erty the city owns at 416 First Ave.

The coun­cil voted 8-0 this week to ad­ver­tise the prop­erty for sale in the news­pa­per and on the city’s web­site, pro­vid­ing prospec­tive bid­ders two weeks to sub­mit their of­fers.

Coun­cil mem­bers said they in­tend to in­ter­view each of the prospec­tive bid­ders and choose which to of­fer the prop­erty to be­fore vot­ing on the sale. The win­ning bid­der will be re­quired to pay the sale price in full and close on the prop­erty within 60 days of the vote. The sale also would be sub­ject to a re­verter clause, al­low­ing the city to re­gain own­er­ship of the prop­erty if the new owner fails to meet cer­tain re­quire­ments.

As of Thurs­day, the city’s cor­po­ra­tion coun­sel had not yet ad­ver­tised the prop­erty for sale, mean­ing a bid due date was not avail­able.

The prop­erty be­came a topic of dis­cus­sion at a meet­ing last month of the coun­cil’s Fi­nance and Au­dit Com­mit­tee af­ter Mayor Steve No­ble ve­toed a pro­posal to sell the prop­erty to a city em­ployee for $15,000. No­ble told the coun­cil he ve­toed the deal be­cause of what he called a “gap in pro­ce­dure,” mean­ing the prop­erty had not been pub­licly mar­keted for sale.

The com­mit­tee ul­ti­mately chose to fol­low a process it has used be­fore by ad­ver­tis­ing the prop­erty for sale, so­lic­it­ing bids and then meet­ing with the bid­ders to dis­cuss their plans for the prop­erty.

Prior to Tues­day’s meet­ing, coun­cil Pres­i­dent James No­ble told law­mak­ers dur­ing a cau­cus that he had no prob­lem with the res­o­lu­tion to so­licit bids for the prop­erty but that he was a lit­tle sur­prised it had to be done. He said it was the first time the coun­cil had to pass such a res­o­lu­tion.

“I thought we could just de­cide how we wanted to present it, through a real­tor or an auc­tion,” said the coun­cil leader, who is the mayor’s un­cle.

Alder­woman Maryann Mills, D-Ward 7, agreed but also noted in­for­ma­tion had been re­ceived in March re­gard­ing prop­er­ties that had been seized for un­paid taxes. She said there was a five-month win­dow to put a lot of prop­er­ties up for sale.

The city ac­quired the First Av­enue prop­erty in March due to $26,430.84 in un­paid taxes. Allen Nace of­fered to pay $15,000 for the prop­erty, which is as­sessed at $95,000 but has been van­dal­ized since it was aban­doned about two years ago.

Nace, who owns prop­erty nearby, has said he wanted to ren­o­vate the home for his daugh­ter.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.