Share this article

print logo

NORTH TONAWANDA REJECTS BIDS ON FORECLOSED PROPERTIES

The North Tonawanda Common Council Thursday night rejected 14 bids from an property tax foreclosure sale on October 15 as too low.

The decision calling for another auction will be formalized with a vote at next Thursday's regular Council meeting.

The Council decided to approve the sale of 10 other parcels for a total of $107,250.

The former property owners were $100,719 in arrears in their taxes, some dating back to 1990, according to City Treasurer Leslie J. Stolzenfels.

The rejected high bids on 14 properties totaled $87,540.

The Council led by President Daniel J. Cudzilo, decided to call for another auction, to be held on a Saturday, within 60 days, in hopes of attracting more bidders and higher bids.

Their were 52 at the Oct. 15 auction.

There are no comments - be the first to comment