City Authorizes Sale Of First Restore NY Home
Published: October 21st, 2009
By: Michael McGuire

City authorizes sale of first Restore NY home

NORWICH – The City of Norwich Common Council Tuesday unanimously authorized the sale of one of the three Restore NY homes.

The house on 23 Grove Ave., located in the city’s 5th Ward, will be sold for $106,000.

Buyer Amy S. Doliver of Norwich was approved and recommended by a review committee made up of local housing and banking officials.

A final purchase contract and deed still have to be drawn up and approved, said City Finance Director William J. Roberts. Closing is expected to occur in the next five to six weeks.

The two remaining houses, at 52 Fair St. and 7 Waite St., are tentatively priced at $107,653 and $99,579. The prices were set at level that would be affordable and still allow the city to break even on its investment, officials say.

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