RESOLUTION NO. 382
AUTHORIZING THE CONVEYANCE OF A PARCEL OF REAL PROPERTY KNOWN AS VAN WIES POINT ROAD (TAX MAP NO. 110.2-1-3.2) LOCATED IN THE TOWN OF BETHLEHEM
Introduced: 10/12/21
By Audit and Finance Committee:
WHEREAS, By Resolution No. 435 for 2019, this Honorable Body authorized the conveyance of real property known as Van Wies Point Road (Tax Map No. 110.2-1-3.2) in the Town of Bethlehem for $106,985 to the individuals named in accordance with the Last Will and Testament of the immediate former owner, Mathai Kolath George, and,
WHEREAS, Due to a delay in the closing, additional interest and penalties in the amount of $35,233.23 have accrued on the parcel, and
WHEREAS, Annie M. Kolath, on the behalf of herself and the four children also named in the Last Will and Testament, has expressed an interest in acquiring the aforementioned property and has indicated that she is committed to paying the initial cost of $106,985.04, as well as the additional $35,233.23 in interest for the parcel, which represents the full amount of taxes, interest, penalties, reimbursement and closing costs necessary to acquire the property, and
WHEREAS, The Albany County Disposition Plan, as adopted by Resolution No. 29 for 2019, requires such conveyances be completed within 60 days of approval, and therefore an extension is necessary in order to effectuate the authorization to convey this parcel, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to execute on behalf of the County any documents necessary to convey the parcel known as Van Wies Point Road (Tax Map No. 110.2-1-3.2) in the Town of Bethlehem for a total amount of $142,218.27 with any additional interest, penalties and closing costs to be adjusted for at the time of closing to the aforementioned individuals in accordance with the Last Will and Testament of the immediate former owner Mathai Kolath George, an...
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