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City of Milford
Contact: James L. Richetelli, Jr.
Mayor, City of Milford
City Hall
110 River Street
Milford, CT 06460
Phone 203 783-3201
Fax 203 783-3329
For Immediate Release
Press Release
City to Sell Two Building Lots.
- Mayor Announces Auction on June 26, 2009 at City Hall.
- Proceeds from Sale Expected to Add $250,000 to Budget Revenue.
Milford, CT, June 15, 2009: Mayor James L. Richetelli, Jr. announced the date of a Public Auction for two single-family building lots in the West Shore area. The properties are each approved for one single-family dwelling. The proceeds from the sale are expected to add more than $250,000 in revenue.
The auction is set for Friday, June 26, 2009 at 11 a.m. in the City Hall Auditorium, 110 River Street. The minimum bid for each lot – as set by the Board of Aldermen – is $125,000. Those wishing to bid will be required to present a certified or bank check for 10% ($12,500) thirty minutes prior to the auction.
The two properties are as follows:
- Located at 2 Welton Street (corner of Stone Street) (aka Map 16, Block 255, Parcel 1), and combined with 28 feet of 6 Stone Street (aka Map 16, Block 255, Parcel 15) – lot size, 100 ft. x 108 ft. or 10,787 square feet in an R-5 zone.
- A rear lot on Stone Street (aka Map 16, Block 255, Parcel 11) – lot size, 15,000 square feet +/- in an R-5 zone.
A copy of the official notice, bidding instructions, general specifications and other pertinent information may be obtained from the City of Milford Purchasing Department, or from the City website, www.ci.milford.ct.us. At the website, click on the “City Departments”; select “Purchasing” and then “Current Bids”.
Mayor Richetelli stated: “The sale of this property will achieve many desirable objectives: Generate much-needed revenue to aid the City taxpayers; relieve the neighborhood and the City of vacant lots, which have become dumping grounds as well as placed to ‘hang out’; create oversized building lots where attractive single-family homes may be built, which will add value to surrounding properties; put these properties back on the tax rolls; and create jobs through new home construction. In addition, this will continue to enhance our common goal of re-vitalizing the Walnut Beach area.”
Further information is available by calling Mayor Richetelli, (203) 783-3201.
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