Tonawanda News

The City

November 7, 2012

Council approves LL Drive move

(Continued)

CITY OF TONAWANDA —

And in October,  Puchalski’s wife, Debbie, sumbitted a petition signed by residents asking for better communication on plans for the development as well as a public hearing and environmental impact study before the city agrees to sell the land.

Council members didn’t have many answers for the Puchalskis, except for repeating that the sale price must take into account the cost of the infrastructure, as well, and that the city would perform a new, updated assessment. 

City Assessor Dave Marrano reported the findings of that new assessment Tuesday. 

Emminger Newton Pigeon Magyar, a local appraisal firm, performed two assessments, which Zeisz described as “very good.” 

The first value came in at $255,000, or about $15,000 per acre — and about half of the previous assessments. 

“That figure looks at the market value as raw land,” Marrano said. 

The second assessment, $90,000, looks at the land as if a developer has invested some money into it, and takes into account taxes and the developers’ holding costs. 

“Taking that into account, I truly believe $192,000 is a very fair number,” Marrano said.

But he did take some questions as to why the assessment dropped at least $255,000 from the estimated value in 2009, which came in between $510,000 and $575,000. 

Marrano said those assessments are too old and were done in different economic times. He also criticized the techniques of the assessor in 2009 and said the properties the park was compared to were “questionable at best.” 

Zeisz said the council is planning an informational session regarding the plans at the end of November.

“By that time I think we will have some kind of term sheet to share with how we are doing with the contract,” he said. 

Mayor Ron Pilozzi also announced Tuesday that he has hired a new administrative assistant, Richard Planavsky, a former management consultant to County Executive Chris Collins and Urban Renewal Agency for 13 years. 

“I’m really looking forward to this,” Planavsky said. “This is a great city.” 

 

 

 

Contact reporter Jessica Bagley at 693-1000, ext. 4150.

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