Skaneateles The first phase of the plan to move the village municipal offices to a new location occurred last week when the board of trustees unanimously voted to sell the current village hall building at 46 E. Genesee St. to Chittenango developer Rick Moscarito for $855,000.
The sale ended a month-long period during which the building was officially termed “surplus” village property and offered for sale, about 20 prospective purchasers inspected the building and four purchase bids were sent to the trustees.
“The trustees conclude that the high bid reflects a fair and reasonable sale price for the property,” said Mayor Marty Hubbard, reading from a village resolution authorizing the acceptance of the bid at the March 22 village board meeting.
Although the bid was less than the undisclosed minimum reserve price the trustees previously had set, the authorization stated that the trustees “believe that it is in the best interests of the village taxpayers if the high bid is accepted,” rather than go through a second round of bidding with no assurance of a higher price being received.
The village will ultimately receive $830,000 from the sale of the building, which is the net sale price minus a 3 percent real estate commission.
Moscarito, president of Finger Lakes Luxury Homes and owner of Ty-Cass Property Development Corporation, both of Chittenango, was not present at the meeting announcing the sale.
His real estate representative, Molly Elliott, of Williams Realty in Skaneateles, was present, however, and said Moscarito was “very excited” about his purchase. She said Moscarito already has consulted with Skaneateles architect Robert Eggleston about the possibility converting the building to first-floor commercial use and second- and third-floor residential space, although “nothing is set in stone yet.”
The building at 46 E. Genesee St., built in 1888, had previously had only three owners. From 1888 through 1929, the building housed a bank. From 1929 through the present day, it has been a municipal building.