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Amherst to pay $1 million for Youth Foundation building

Amherst has agreed to pay $1 million to buy the Amherst Youth Foundation building on Sheridan Drive.

The Town Board last week voted to buy the 2.6-acre property for $780,000, with an additional $220,000 for building improvements.

Supervisor Brian Kulpa said the town pays the foundation $120,000 per year to rent the facility, which hosts the town's after-school and summer camp programs. Other community groups also hold evening activities at the venue at 5005 Sheridan, just east of Park Country Club.

Kulpa said the town determined the annual bond payment should be less than the yearly rent payments. He also said the sale will help the financially strapped foundation save money it now has to spend maintaining the building and grounds.

The town can handle those tasks, such as snow plowing, in house. The purchase also preserves the building as an asset, Kulpa said.

The parties now await word from the state Attorney General's Office, which must approve any sale of property by a nonprofit organization.

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