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Foreclosure auction brings over $200,000

An auction on foreclosed properties drew positive results for the City of Tonawanda, as last week's real estate auction fetched more than $200,000 in winning bids, providing the city needed revenue.

The auction sold off nine properties ranging from small docking locations along Ellicott Creek to parking lots, commercial businesses and residential homes.

The highest bid in the auction was $42,000 for two lots on Fletcher Street, while a Minerva Street property was sold for $40,000.

The Tonawanda Common Council approved the results of the auction Tuesday evening, officially selling the properties to the high bidders.

Tonawanda officials credit the use of a professional auctioneer to help raise the prices on bids. Unlike most foreclosed property auctions in Tonawanda, a complete catalog was offered that included detailed information on every property up for sale.

"We could have never done it on our own," said City Treasurer Joseph Hogenkamp. "It went better than we expected."

Approximately $180,000 will be used to pay off the city, school district and Erie County back taxes. The remaining $20,000 will be sent to the county to dole out to various creditors.

"It got us a good chunk of change," said Mayor Ronald Pilozzi.

The Council also approved the purchase of an $81,000 aerial bucket truck for the Public Works Department, as the old vehicle was out of service.

The new bucket truck has a height reaching 65 feet.

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