The Ogdensburg Growth Fund Development Corp. is considering fixing up a run-down, city-owned house to sell or rent.
The board of the citys small business lending agency voted 7-0 on Wednesday to seek requests for proposals from contractors and property managers for the proposed rehabilitation of 611 Rensselaer Ave.
Voting in favor were Mayor and Chairman William D. Nelson, City Manager John M. Pinkerton, Samuel J. LaMacchia, Dallas P. Sutton Gary S. Hammond, Michael S. Brashaw and Vice Chairman Scott M. Wright.
In August 2012, the house was stripped of its aluminum siding.
Ogdensburg police arrested its tenant, Tory A. Pray, for petit larceny. He allegedly sold it for scrap for about $3OO.
The city Comptrollers Office said the house was acquired by the city in a June 2012 tax sale for $2,993.77 in unpaid 2010 and 2011 city and school taxes.
The cost of rehabilitating the house has been estimated by the city at $40,000.
The proposal is for the Growth Fund to buy it from the city for $1,000, obtain grant money to make repairs, sell it for between $50,000 and $60,000 or rent it for $750 a month.
Either way, officials are confident, costly demolition is avoided and the city improves its housing stock and pads its tax rolls.
We got a property thats sustainable, Mr. Pinkerton said.
Mr. Wright agreed.
The market is ripe for a nice house, he said.
And other, similar rehabilitation projects may follow.
I think that you have to plant the seed somewhere, Mr. LaMacchia said.