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    Auction - February 13, 2012








    The SYRACUSE URBAN RENEWAL AGENCY (SURA) pursuant to General Municipal Law § 556 and the Greater Syracuse Urban Renewal Plan will sell at public auction at the City of Syracuse, City Hall, SyraStat Conference Room on the second floor, on February 13, 2012 at Two O’Clock in the afternoon of that day, the following properties (click on the address for legal descriptions in linked official Auction Notices):




    Address Property Type Project Description Starting Bid
    440-42 Rich Street Residential Vacant Lot*

    Physical improvement
    to this unimproved
    residential parcel.

    $1.00
    426 Rich Street Residential Vacant Lot*

    Physical improvement
    to this unimproved
    residential parcel.

    $1.00
    430 Elliott Street Single-family residence

    Rehab to be compliant
    with New York State
    Building Code in a
    period of no more
    than one (1) year.

    $3,000.00

    *Preference will be given to adjacent property owners for unimproved residential lots.
      To qualify, bidders must be in compliance with New York State Building Code and
      Syracuse Property Conservation Code and have no overdue water or property taxes.

     



    All sales are:   Subject to easements, covenants, and restrictions of record, if any; and
        Further subject to a right of reverter of SURA, should the project not be completed within the agreed upon rehabilitation period.
         

    All bidders must be qualified by SURA staff on or before February 6, 2012 to be eligible to participate in this auction.

         
    Qualifications for Bidders. To become Qualified, all Bidders must:
      1) Submit a SURA purchase and development proposal application for the property which can be obtained at City Hall, 201 East Washington Street, Suite 602, Syracuse, NY or online by clicking here; and
      2) Submit the required developers fee as outlined in the application; and
      3) Agree to complete the project as pursuant to the project description (above); and
      4) Be confirmed as a qualified bidder by SURA.
         
    All sales are subject to the confirmation of the SURA Board of Directors.
    Notice dated: January 5, 2012
     

    For further information concerning this notice please contact Katelyn Wright at (315) 448-8177 or SURA@ci.syracuse.ny.us.