Now the City is going to try to sell the building at a public auction to be held on Monday, June 10. The notice of the auction reads in part:
The minimum bid shall be $300,000.00. The conveyance of the subject premises shall be subject to the terms and conditions of a Penalty Note and Mortgage in the amount of $100,000.00 in the event the property: (a) is not developed for a commercial use, as evidenced by a certificate of occupancy, within three (3) years of the conveyance of title, or; (b) all or a portion of the property is sold within three (3) years of the conveyance of title. A copy of the Terms of Sale and the terms and conditions of the Penalty Note and Mortgage may be reviewed at the Office of the Mayor, Hudson City Hall, 520 Warren Street, Hudson, New York 12534.All the documents mentioned are also available online, and Gossips has provided a hyperlink to each one. The auction takes places at 3:00 p.m., on Monday, June 10, in the Council Chamber at City Hall. For more information, click here.
Meanwhile, this tasteful sign tells the world that the building is for sale.
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