The discussion involving The Cazenovia Fire Department's acquisition of 6 Farnham St. has been postponed for another month. At the Feb. 7 village board meeting, residents and board members discussed the possible pros and cons of purchasing the property.
During past meetings, one of the factors inhibiting the village from moving forward on the property was the seller's $110,000 asking price. Many had felt that the price was too high, as the structure has fallen into disrepair.
Over the past month, two new appraisals had been made on the property. One appraiser had suggested a price of 100,000, while the other had recommended $120,000. This came as somewhat of a surprise, as many local residents and real estate agents believe the property is worth about $80,000.
Deputy Fire Chief Gil Hodges explained the price hike, telling that potential buyers with vested interests are often made to pay more.
"A 20-percent premium is common when the property is adjacent to a potential buyer, or very important to their growth," Hodges said. "If you average the new appraisals, you get $110,000, which is what the asking price was in November."
2010 was a very busy year for the company, as they responded to a total of 520 calls. While the department's location on Albany Street is central, and the main-street aesthetic is attractive, Hodges said there is a growing need to expand. Although it is unlikely to happen, Hodges said he would ideally like to build a station in a different location.
After the public meeting, the village board members entered executive session to discuss the matter further. As they cannot proceed with resolutions in private, the issue was subsequently added to agenda for the March 7 meeting.
In other board news
No action has been taken in the Riverside Drive issue. Board member Peggy Van Arnam informed attendees that St. Joseph's is committed to building a medical center, and is willing to wait. She said the board would rather proceed properly than rapidly.
The Greater Cazenovia Area Chamber of Commerce was granted permission to conduct Farmer's Markets on Saturday mornings from May 7 until Nov. 5 in Memorial Park.
American Legion Post 88 at 26 Chenango St. was designated the official poll site for village elections, to take place June 21.