WADDINGTON – The village board will have to decide next month whether to rebid or hire a realtor to sell its unsold former New York Power Authority lands.
The village offered by sealed bid the sale of four waterfront lots totaling 1.5 acres located on the St. Lawrence River and Big Sucker Brook in August.
Adjacent landowners purchased .24 acres of property on James Street and .46 acres on St. Lawrence Avenue, but .46 acres and .57 acres located on St. Lawrence Avenue and Linden Street were not purchased.
The properties were offered to the highest bidder.
Richard J. Sovie, 44 St. Lawrence Ave., purchased one .46 acre parcel, but declined to purchase the neighboring parcel.
The properties are valued at approximately $52,000 for .46 acres and $65,000 for .57 acres.
The village will have decide at its next meeting what to do – whether it wants to put it back out for bid, or hire a real estate firm, Mayor Janet M. Otto-Cassada said.
The properties are part of seven parcels equaling 5.02 acres sold to the village in 2007 as state lands identified as surplus in the NYPAs 2003 relicensing agreement to operate the St. Lawrence-FDR power project in Massena.
Five of seven parcels have been appraised at a total of $317,000, but only three were offered for sale. One of the three parcels totaling .93 acres along St. Lawrence Avenue was divided into two .46-acre parcels following a land survey, and sold separately.
Were taking it slow; we dont want to do too much at once, Mrs. Otto-Cassada said about appraising and selling the other lots.
The village faces an obstacle in selling the land. Many of the properties are located on a 100-year flood plain, effective in 1979, according to the report filed by the appraisers. The flood plain designation may complicate a buyers bank financing prospects.
But Mrs. Otto-Cassada says she doesnt foresee any problems with selling the property.
Theyre beautiful waterfront properties, she said. I dont think well have a problem selling them. I see them being used for residential purposes.
The village board will meet at 6 p.m. Dec. 2 in the Municipal Building, 48 Maple St.