Resolutions Involving Real Estate

At last Tuesday's Common Council meeting, three resolutions having to do with property currently owned by the City of the Hudson came before the Council and were passed. The first involved the sale of the vacant lot at 24 South Seventh Street to Iron Horse Enterprises, LLC, which we assume is the new owner of the Iron Horse Bar two doors to the north. 

A contract of sale for the purchase price of $20,000 already exists between the City of Hudson and Iron Horse Enterprises, signed for Iron Horse Enterprises by Roy Brown, former Germantown supervisor. The resolution authorizes and directs the mayor to execute the contract of sale "to include the cost of the appraisal to the City in the amount of $600.00 and the payment of back school and county taxes paid by the City in the amount of $2,545.99, and to take all steps reasonable and necessary to implement the intent this Resolution."

Remember back at the end of February when the mayor, in an interview with Marti Martinez on WGXC, talked about selling a municipal parking lot? This may have been what he was talking about.

There were also two resolutions to sell at auction two properties seized by the City of Hudson for nonpayment of property taxes. 

The first, 405 Warren Street, has been auctioned before, more than a year ago on June 1, 2013. At that time, the minimum bid was $264,041.87, and Galvan Partners was the high bidder at $354,000. Six weeks later, Galvan walked away from the deal. Rev. Godfrey Forbes, whom the City recognized as the owner of the building, maintained that the Holy Temple First Church of God in Christ was the owner of the building not he, and therefore the City could not seize the building for nonpayment of property taxes because it was exempt from property taxes. Now finally it seems, all legal appeals have been exhausted, and the City's title to the property is clear. This time, a year later, the minimum bid for the property is $320,167.81.

Also to be auctioned is 518 Washington Street. The minimum bid for this property is $33,362.75. 

The auction takes place at noon on Saturday, July 12. Interested buyers can inspect both properties on June 26, July 3, July 8, and July 10. Just show up at City Hall at 10 a.m. on any of those dates. More information about the terms and conditions of the sale of 405 Warren Street and 518 Washington Street can be found on the City of Hudson website.
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