Geneva Library moves closer to buying Cetron property
GENEVA – After agreeing in 2010 to buy the Cetron property at 7 Richards St. in Geneva for a new library, Geneva Public Library officials ended up waiting until last month for the bank that owns the property to send a signed sales contract.
Library Director Matt Teske said officials have agreed to buy the 2.28-acre property with the Cetron building, a house and office building on it. The Cetron building was owned by Richardson Electronics and, in the early 1900s, the building was used to make light bulbs. It has been empty and in foreclosure for years, officials said.
One problem was the land has four parcels, but paperwork shows only two had been foreclosed-on properly when Harris took over for the previous bank, Teske said. The bank had to go through a proper foreclosure procedure before it could sign the sales agreement.
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