Bids reviewed for Greensburg property
Five bids were opened Tuesday to buy property owned by the city of Greensburg on South Pennsylvania Avenue.
City officials plan to review the bids before awarding a sales agreement, possibly during the Nov. 13 city council meeting.
Council wants to sell a 7,382-square-foot building that houses five stores: Katwalk, Mancuso's Shoe Repair, Golf for Her, Herbs to Your Health and Lapels: A Fine Men's Store.
Also being sold are an adjoining underground parking area with 71 spaces and a surface parking lot with 50 spaces. The city has owned the complex since the 1970s.
Mayor Ron Silvis and council members want to sell the property because they don't believe government should own real estate. The staff must spend too much time overseeing upkeep and negotiating and maintaining leases, they said.
City Planner Barbara Ciampini and City Fiscal Director Mary Perez opened the bids in city hall. City officials set the minimum bid at $475,000. The property appraised at $535,000.
The bids are:
• Attorney Greg Moore of Greensburg, $541,003
• CTO Group LLC of Greensburg, $475,000
• The Buncher Co. of Pittsburgh, $475,000-$575,000
• The B5 Group LLC of Murrysville, $490,000
• Attorney David Robinson of Greensburg, $510,000
Buncher officials said their bid is subject to “buyer's due diligence and negotiations of a mutually accepted sales and purchase agreement.”
Greensburg officials sent out more than 20 packets detailing information about the property to prospective buyers. Officials also are working on 2013 budget.
Greensburg collected an average $24,784 per year for 2009-11 from the parking meters and nearly $47,000 annually from parking leases for the same three-year period, according to city records.
Rents yielded an average $50,000 per year for the three-year period.
The city paid nearly $30,000 in operating costs for the three-year period. The city has spent nearly $25,000 since 2010 in capital improvements, including a water-line repair, interior remodeling and pavement and gas line work, according to city records.
As a condition of the bid process, city officials stipulated that the property must be put on tax rolls.
The new owners are prohibited from seeking a reduction in the assessed value of the property for two years after the closing.
Bob Stiles is a staff writer for Trib Total Media. He can be reached at 724-836-6622 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Former Steelers LB Haggans to do time in Westmoreland jail
- Pitt adds Texas wide receiver as 16th commitment to Class of 2015
- Crosby understands rule prohibiting him from playing, stresses he is hurt
- Ex-Steelers QB Batch creates sports medicine startup at Pitt
- Alcosan to hold public meetings on plans to reduce sewage flow into rivers during storms
- Supporters optimistic about passage of medical marijuana
- WVU frat pledge had fatal blood alcohol level more than 6 times legal limit
- LeBeau won’t join Cardinals coaching staff
- Woman who made bomb threat at Bellevue bank in custody
- Bober released as Wuerl school president to concentrate on building new St. Kilian church
- Cal U professor who died in campus office was lawyer, civil rights leader