SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF SCHENECTADY NOTICE OF SALE Index No. 2006-206 RJI No. 46-1-06-0338 Hon. Barry D. Kramer NEW YORK BUSINESS DEVELOPMENT CORPORATION, Plaintiff, - against - 39-45 N. JAY STREET CORP., CORNELL'S RESTAURANT, INC., JOANN CORNELL ARAGOSA, SCHENECTADY METROPLEX DEVELOPMENT AUTHORITY, CITY OF SCHENECTADY ECONOMIC DEVELOPMENT FUND, SCHENECTADY LOCAL DEVELOPMENT CORPORATION, CITY OF SCHENECTADY, LLC, NORTH JAY STREET PROPERTIES, LLC, DOMINICK PAPA, LILIA PAPA, THE PEOPLE OF THE STATE OF NEW YORK, NEW YORK STATE DEPARTMENT OF TAXATION AND FINANCE, And JOHN DOE (intending to be any tenant, person And/or entity in possession of the subject premises), Defendants. Pursuant to a Judgment of Foreclosure and Sale dated August 3, 2006 and entered in the Office of the Schenectady County Clerk on August 18, 2006, I, the undersigned, the Referee in said Judgment named, will sell at public auction at the front entrance of the Schenectady County Courthouse at 612 State Street, Schenectady, New York on the 2nd day of November, 2011 at 11:30 a.m., the premises directed by said Judgment to be sold and described as follows: 39 North Jay Street, Schenectady, New York a/k/a 39-45 North Jay Street, Schenectady, New York Tax Map No. 39.64-2-6.1 Said premises shall be sold subject to prior liens, zoning restrictions, covenants, easements, conditions, reservations, and agreements, if any; subject to any state of facts as may appear from an accurate survey; subject to facts as to possession and occupancy and subject to whatever the physical condition of the premises may be; subject to any violations of the zoning and other municipal ordinances and regulations, if any, and if the United States of America should file a tax lien, or other lien, subject to the equity of redemption of the United States of America. Date: September 29, 2011 /s/ Albie S. Ferrucci, Referee Attorney for Plaintiff: Brian S. Kremer 39 North Pearl Street Albany, NY 12207 10-3,10,17,24 1805
The State is not going to wait until after Election Day to accommodate the working together incompetents? Third bankruptcy for the Death Ray. Getting to be routine. Anyone can bid provided you have deep pockets to pay all the prior tax liens and loans. Maybe this will wake some sheeple up. One party never works!
The State is not going to wait until after Election Day to accommodate the working together incompetents? Third bankruptcy for the Death Ray. Getting to be routine. Anyone can bid provided you have deep pockets to pay all the prior tax liens and loans. Maybe this will wake some sheeple up. One party never works!
So, if the Plex never found the Gazetto owner, this property would go nowhere...right? I mean who is going to pay all the back taxes? AND (it's a BIG AND) the Metroplex loan is unsecured correct. Therefore, during foreclosure that loan wouldn't have to be repaid by the buyer.
Metroplex must be taking notes from the Federal Gov't slew of failed loans: get a patsy to cover your incompetence.
Unsecured creditors like Metroplex are expected only to receive a small portion of their original investment, if anything.
Another great decision and return on the taxpayer's investment made via the metroplex/gillen!!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Park Inn, Muddy Cup, NE Jewelry, Chez Daizy, The Big House, Cornells, Mildred Elley............anyone care to expand on the list of successes??
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Parker Inn, Muddy Cup, NE Jewelry, Chez Daizy, The Big House, Cornells, Mildred Elley............anyone care to expand on the list of successes??
Van Dyke I and II, Olender's, Trustco HQ/Failed County Office Building, Kem Cleaners, Robinson's Retail Mecca, old DSS on Nott St, Schenectady Armory, Schenectady Steel, Nova Bus, Perenzo's. But who's counting? The DEM working together morons need more parking on Erie for their high dreck corridor. And they created 4,000 jobs-lol. Where? They meant 40,000 jobs left the County since 2000.
so true, 40k gone. does that include the 37000 from GE lost under the GOP admins in the city?
Is that all you think the taxpayer's have lost is $40K????? Get a new adding machine.
GE left NYS and initially moved south for cheaper labor and cheaper taxes!! Now they just moved out of the entire country for cheaper labor and cheaper to no taxes and for a HIGHER PROFIT MARGIN.
Doesn't take a rocket scientist here smokey! REALLY! Just someone who understands even a little smiggin' of economics, free market and capitalism.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Another example of the great way the DEM united County revitalization team formed by idiot SS Savage has worked out. In one week they get b**** slapped in the face by GE Solar and Cornell's goes on the auction block. Keep the implosion going-vote straight DEM moron. More taxes should turn it around-lol.
Another example of the great way the DEM united County revitalization team formed by idiot SS Savage has worked out. In one week they get b**** slapped in the face by GE Solar and Cornell's goes on the auction block. Keep the implosion going-vote straight DEM moron. More taxes should turn it around-lol.
It's one in the same. GE is bailing out the federal gov't because they loaned $535 million to a now bankrupt solar panel company - look at Aurora...don't look at the millions of federal taxpayer money lost.
The Gazette Owner is bailing out Metroplex after they made an unsecured loan with Cornells. Don't look at the foreclosure - look at a 'friend' helping a 'friend' - what a joke.
New York State public benefit corporations and authorities operate like quasi-private corporations, with boards of directors appointed by elected officials. Public authorities share characteristics with government agencies, but they are exempt from many state and local regulations. Of particular importance, they can issue their own debt, allowing them to bypass limits on state debt contained in the New York State Constitution. This allows public authorities to make potentially risky capital and infrastructure investments without directly putting the credit of New York State or its municipalities on the line. As a result, public authorities have become widely used for financing public works, and they are now responsible for more than 90% of the state's debt. The growing influence of public authorities over state and local financing, coupled with their ability to avoid regulations applicable to government agencies, has led to calls for reform. Some reforms were passed in the Public Authorities Accountability Act of 2005.[1
tax cap???
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Logged
The State is not going to wait until after Election Day to accommodate the working together incompetents? Third bankruptcy for the Death Ray. Getting to be routine. Anyone can bid provided you have deep pockets to pay all the prior tax liens and loans. Maybe this will wake some sheeple up. One party never works! 
