Friday, February 29, 2008
Land deal faltering
The city is seeking a new buyer for its 66-acre property in West Brandywine, known as the Conti farm, because a $1.27 million deal to sell it to the township has fallen apart, Assistant City Manager Kirby Hudson said this week.
From Friday's story:
Revenue from the sale of the Conti property was factored into this year’s $10.3 million budget passed by City Council in January.
In 2007, when the city adopted a budget balanced in part with a plan to sell real estate assets, it found itself facing a $1.9 million deficit in the middle of the year when officials were unable to complete those deals quickly enough.
The city fixed the shortage by laying off eight full-time employees and switching two other full-timers to part-time work. There was talk of additional cuts to the police department, but that never happened.
Hudson said he does not expect a repeat of last year’s financial woes.
Labels: money, real estate
Wednesday, February 27, 2008
Frozen assets thawing?
City Manager Harry Walker says the city's federal weed and seed grants are available.
The feds say, nope, you can't have them yet.
UPDATE: Kristin Geiger, spokeswoman for the city of Coatesville, contacted me Wednesday afternoon to confirm that City Manager Harry Walker had been contacted by e-mail regarding the city's Weed and Seed money.
"However, we are still awaitng official notice from the Department of Justice," Geiger said. She added the city has resolved the issues raised in the audit and "we are hoping to hear from the Department of Justice in the very near future.”
Labels: Harry Walker, money
Monday, February 25, 2008
Council agenda for Feb. 25