- Special Sections
- Public Notices
County Council decided last night to try to protect their downtown revitalization plan by acquiring the Los Alamos Apartments, which have been in foreclosure since May.
The apartments sit in the middle of Central Avenue, on what is considered a prime piece of downtown property. Council passed the motion to acquire the property 6-0. Councilor Jim West was absent.
As a result of the decision, the county will give Housing and Urban Development $75,000 in earnest money and authorize County Administrator Max Baker to execute the contract for purchase to acquire the buildings.
The council met in a special session last night to discuss this issue and the bond sale that took place on Tuesday.
During last night’s meeting, council met in closed session for about an hour to discuss whether or not to meet HUD’s Oct. 3 deadline for submitting the earnest money and purchase contract.
Had council decided not to proceed with the purchase, the Santa Fe County Civic Housing Authority would have been given the chance to purchase the property. If they passed on the offer, the foreclosure sale would have proceeded, which would have opened the sale up to anyone from anywhere.
If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.