JOHNSTOWN - Fulton County government's recent property auction of 89 parcels saw a net profit of more than $30,000.
County Treasurer Terry Blodgett gave results of the June 13 auction to the Board of Supervisors' Finance Committee last week.
He said the auction had a net loss of $102,959 on Gloversville properties, but the county saw a gain of $133,171 on properties acquired through tax foreclosure in the towns. He said the bottom line was an overall $30,202 gain for all parcels sold.
"We still got more than we had," said committee Chairman Greg Fagan of Perth.
Eight Gloversville parcels and 13 town parcels failed to sell.
Properties available included lots, acreage, camps, homes and commercial properties.
This auction involved 2010 tax delinquencies. The $30,202 gain represented the price bidders paid over the total amount of delinquent taxes on the properties.
The auction was conducted by Haroff Auction & Realty of Schroon Lake.
Company owner Ed Haroff told supervisors it was an "average" auction.
"Unfortunately, we did have a lot of parcels that did not sell," he said. "There's nothing really that stands out to me."
Haroff said Fulton County had 125 registered bidders, and 89 parcels were sold.
Haroff praised county officials for conducting the auction and trying to get parcels back on the tax rolls.
He said the county's Operation Green Scene, which has in recent years demolished dilapidated properties, helps get property ready for the market again.
"You guys do a great job cleaning up the city," Haroff said.
County Administrative Officer Jon Stead said the work of property renewal in Gloversville has been "slow going" at times.
"It's going to be a little while before the whole city is affected," Stead said.
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