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Geneva Library Board votes to terminate Cetron purchase

Published: Saturday, Sept. 21, 2013 5:30 a.m. CST • Updated: Saturday, Sept. 21, 2013 11:56 p.m. CST

GENEVA – Geneva Library Board trustees on Saturday voted to terminate a contract to acquire the Cetron property at 7 Richards St. in Geneva.

The vote followed a special session of the board. Library officials agreed to buy the 2.28-acre property in 2010 for $2 million as the site for a new library.

One of the delays in closing on the foreclosed property was an environmental review, needed because the building had been used to make light bulbs.

Board president Esther Steel said the vote to not proceed with purchasing the building was based on the results of the environmental review.

“Our contract with the seller is constructed to allow us an ‘out’ if we learn that there are environmental conditions on the property that would be cost prohibitive to address,” Steel previously said. “If it would cost some huge amount to clean it up, the Geneva Public Library can’t afford that.”

The environmental due diligence period ends Sept. 30. The closing date had been set for Oct. 15.

If the board opts out before then, the district would get its $10,000 earnest money back, she said. 

A second special meeting that had been scheduled for 7:30 a.m. Monday to discuss a recent court decision in an annexation dispute with the Batavia Public Library has been cancelled.

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