A couple things: 1) area real estate appraisers are in general agreement that building appraisal comes in at approximately ~$900k and probably needs $40k in repairs and upgrades. 2) Three council members cannot take a position on what to do with this building after having months of assessing this situation, as well as, the past history? What additional input or discussion needs to be had? SELL THE BUILDING! This is a complete lack of leadership/direction on a fiduciary matter that affects many tax payers. They didn't even articulate reasons for or against sale or lease. Not to mention that Council President, Williamson indicated that it may not be decided for MONTHS! At $6k per month in lost rent, this isn't merely nickels being tossed around; especially, when the Library only receives $90k a year from the 2010 budget. 3) The Borough residents are OUT $30k in rent that will probably never be collected. Businesses and restaurants I've talked to feel that Borough Council gives an unfair advantage to businesses occupying borough property, hence, what they considered a $30k, unsecured, interest free, borough. loan to the last occupant.
Borough Council, don't placate the issue. Step up, make a decision and let's move forward.
Tedman O'Hara
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