A company interested in the vacant Roblin Steel Co. property, 320 S. Roberts Road, wants the assessment of the 10-acre property reduced from $790,645 to $8,700.
In an application to the Board of Assessment Review, a Cleveland firm known as Materials Recovery of Dunkirk Inc. said the property was worth $20,000. The city's equalization rate is 43.49, which multiplied by $20,000 totals $8,700.
The reason for the low value is the environmental problems, according to President Richard A. Sommons.
He told The News Wednesday that he is interested in developing the property as a small business park. He is also negotiating with an unidentified corporation for one-third of a building.
The property is held by a bankruptcy trustee. The question is the environmental work that needs to be done to clean up the site.
In other applications, the trustee for the vacant New York Store on Main Street asked for an assessment reduction to $4,000 from $15,590. The property is worth an estimated $9,200. Applying the equalization rate would yield an assessment of $4,000, the papers said.
The Graf Realty Co. applied for a reduction in the assessment of One Liberty Square, 335-339 Central Ave. The office and retail complex is assessed at $349,600. The value of the building is $362,466, the application said. The equalization rate would yield an assessment of $188,900.
The board will consider these and several homeowners' applications July 16.