SIDNEY – A property in Port Jefferson is set to be demolished and another in Sidney is going to be sold by the Shelby County Land Reutilization Corp.
Director Doug Ahlers reported during the March 16 Land Bank meeting that the group has acquired a total of 93 units, 77 of which were demolished and 14 of which were sold.
Three people have expressed interest in a property the Land Bank owns at 212 Sophia Ave. in Sidney. Ahlers said the Land Bank will look to sell the property, with other members supporting the idea of a sealed bid sale.
A property the Land Bank owns at 304 High St. in Port Jefferson will be demolished. A neighboring property owned by Billy Schloss is in foreclosure so the Land Bank will wait on demolition of the property at 304 High St. and demolish it at the same time as the Schloss property, after the foreclosure process is complete.
Other properties in foreclosure include a property owned by John Deeter on Main Street in Port Jefferson and a property owned by Sherry VanFleet at 826 N. Main Ave. in Sidney. Ahlers expects foreclosure proceedings will start on more delinquent tax properties within the next month.
A property at 16999 County Road 25A in Botkins sold at a sheriff sale. Another property at 326 W. Park St. in Sidney went unsold at the sheriff sale.
Ferguson Construction Co. purchased a property at 614 East Ave. in Sidney, near the company’s headquarters, for $2,000. The Land Bank, which received the property through a donation, had $600 in expenses so it made $1,400 on the sale. Ferguson plans to demolish the property.
The Neighborhood Initiative Program is starting to release mortgages on properties that have been demolished. As properties are released, the Land Bank will look to transfer them to local governments, neighboring property owners and developers.
“There’s some in some areas that could be buildable (or) people could use it for a side lot,” Ahlers said. “There’s some we’ll be lucky if the neighbors want them.”
The Land Bank had $1,086.35 in expenses in January and $2,100.80 in February. It has a balance of $491,435.45 in available funds.
The Land Bank’s next meeting is scheduled for 1:30 p.m. April 20 in the Shelby County Annex.
Reach this writer at email@example.com or 937-538-4824.