The second resolution authorized the sale of 545-547 State Street. It may be recalled that this house, which was seized last year for nonpayment of property taxes, was sold before. In September 2011, the house was part of a public auction. The minimum bid was set at $49,017--the amount due in back taxes. No one bid on the house. After the auction, the treasurer received an offer of $5,500 for the house. Rather than accept this ridiculously low offer, the Common Council directed the city treasurer to seek other bids and three were received--for $45,000, $25,191.99, and $9,970. In October 2011, the highest bid was accepted, and the bidder was notified and asked to contact the city attorney to schedule a closing. Eleven months later, that person has still not contacted the city attorney, so the house is now being offered to the second highest bidder for $25,101.99.
These two resolutions will be voted on when the Common Council meets again on Tuesday, September 18.