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Crafton explores selling conservatorship property to developer under court-approved clawback to speed rehabilitation
Summary
Council and staff described a proposed approach to the long-standing Belvedere House conservatorship: rather than fully funding rehabilitation themselves, borough staff will seek court approval to contract with a local flipper/developer under terms (including potential clawbacks) to rapidly rehabilitate and return the property to the tax rolls.
Crafton Borough officials told council on Aug. 14 they intend to seek court permission to sell the Belvedere conservatorship property to a local developer under conditions that would protect the borough’s investment and ensure timely rehabilitation.
Community and economic development staff said the borough had budgeted $200,000 for rehabilitation but, after cleaning out…
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