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Century Purchases Helicopter Technology Building At Foreclosure Sale; No Other Bidders
August 25, 2009
The Town of Century purchased the former Helicopter Technology building in the town’s Industrial Park at public auction Monday morning — for less than $1 out of pocket.
Century Mayor Freddie McCall said the town was the only bidder on the building. It was being sold at public auction following the town’s foreclosure judgment against the now defunct Helicopter Technology.
McCall said that the entire process took less than three minutes, and the town’s only out of pocket expense in purchasing the building, besides legal fees, was 70-cents in document stamps to the court clerk. The town’s attorney, Matt Dannheisser had been authorized to bid up to $785,000 for the property, but with no other bids, the town easily won the building at the auction.
“I hope to put a business in there right away,” McCall said. “It will be up to the town council to put it on the market or put a business in there; or sell it, and refinance it to make more money off of it and bring us some jobs.”
Comments
3 Responses to “Century Purchases Helicopter Technology Building At Foreclosure Sale; No Other Bidders”
Suprise ? I ride through Century several times during the week. Just look at all the trash and run down stores during the day. At night look at the hooded guys standing on the corners with their hands held out to passing cars. Who would really want to set up shop here. I know there are people that truely try to clean up the area and patrol its streets. Take a harder stand Century. If only one person showed up to bid, wonder why?
This is great news! The town has gotten their money back times over from previous owners. Now it is ours again. Doubters need to do the math………….Maybe the negative attitudes in the area are the reasons that no businesses want to come to town. Lets get together and try to produce some positive output ……..Promote the area..If you can’t promote it then don’t talk down about it. We can be a great community if we work together!!! Let’s try that for a CHANGE!!!
No suprise here. Not even the electric car plant would even bid on being in Century after its initial sales pitch.