The Town of Lancaster has received interest in the former Colecraft building from prospective buyers and, as the next step in the sale process, the Town Board on Monday voted to hire a company to produce an appraisal of the aging commercial structure.
Lancaster officials last month announced their desire to sell the property at 3949 Walden Ave., which the town bought for $1.6 million in 2003 with the intention – never realized – of converting the structure into a police and courts facility.
Monday, the board hired Emminger Newton Pigeon Magyar for $2,200 to appraise the complex, and Supervisor Dino J. Fudoli said prior to the vote that the firm should complete its report within the next one or two weeks.
“There has been some expressed interest in it,” Fudoli said at Monday’s work session, without identifying any company or companies.(END QUOTE)
Home owners get stuck again. This ColeCraft purchase was doomed from the moment Lancaster's past Supervisor/IDA Chairman Giza conspired to purchase it. He mislead the Village government, purchased it with tax dollars and hid the fact the owner was his friend and IDA Board Member that owned it.
To this day no formal pre-sale appraisal has been shown to explain the purchase price of $1.6 million(Tax Dollars) in 2003. Nor a list of content/furniture and office equipment that added $300,000.00(Tax Dollars) to the sale price. There was also a tax funded $50,000.00(Tax Dollar) study done to determine its suitability for the proposed use(Police/Court Building including a shooting range) - Fact is the purchase was signed by the Supervisor prior to the study. A judge said,"It may be bad Governance - but not illegal"
How much will tax payers end up loosing before this white elephant is sold and settled. Tax Dollars in this case translates into Lancaster's home owners present and future property taxes.