Bruce Hendry has bought up the debt that is in a secured position and therefore has a certain amount of time to pursue a sale like this. it was not a court ordered auction although the court would ultimately have to approve the results had it been sold. Now we just hope that he will seriously negotiate with the housing developer. The city (both council and mayor kelly) is comitted to continuing this pursuit to develop housing on this site and end forever any chance of it resuming as an ethanol plant.
dave thune councilmember, ward 2 >>> John Birrenbach <[EMAIL PROTECTED]> 02/18/05 9:46 PM >>> At 9:37 PM -0600 2/18/05, [EMAIL PROTECTED] wrote: >Only one bidder appeared willing to make serious offers on the land and >buildings.* And although the market had spoken, it apparently >hadn't spoken richly >enough, and the one bid made by a qualified bidder for the land was rejected. WAIT A SECOND... when there is a foreclosure sale, there can't be a REJECTED bidder.... this is to liquidate to satisfy the holders of the liens. Who authorized the REJECTION? Did those that hold the liens and want their money (Ramsey County Taxes, Excel Energy, Water Department, City Of St Paul, THE LOCAL CONTRACTORS) say they would only settle for a certain amount? GSE it's the plant that never ends, it just goes on and on and then, it starts all over from the very beginning and goes on and on and then, it just starts over where it left off, leaving everyone wondering what is going on, it is the plant that never ends :-) -- Sincerely, John Birrenbach W 7th Neighborhood, St Paul MN === Political & Business Consulting === http://www.birrenbach.com/ ====================================== The Counter to Republican Radio http://www.airamericaradio.com/ ====================================== "Six years on the council has trained me to feign interest for long periods of time" Chris Coleman Jan 21, 2004 +++++++++++++++ ------------------------------------------------- JOIN the St. Paul Issues Forum TODAY: http://www.e-democracy.org/stpaul/ ------------------------------------------------- POST MESSAGES HERE: [email protected] To subscribe, modify subscription, or get your password - visit: http://www.mnforum.org/mailman/listinfo/stpaul Archive Address: http://www.mnforum.org/mailman/private/stpaul/ ------------------------------------------------- JOIN the St. Paul Issues Forum TODAY: http://www.e-democracy.org/stpaul/ ------------------------------------------------- POST MESSAGES HERE: [email protected] To subscribe, modify subscription, or get your password - visit: http://www.mnforum.org/mailman/listinfo/stpaul Archive Address: http://www.mnforum.org/mailman/private/stpaul/
