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Committee to consider extension for 301 West Oak Street renovation after developer shows progress
Summary
The City Operations Committee agreed to place a proposed extension for work at 301 West Oak Street on the next agenda, recommending an extension through Dec. 31, 2025 after the purchaser demonstrated work in progress.
The Olean City Operations Committee agreed Jan. 21 to put a requested extension for renovation work at 301 West Oak Street on the next meeting agenda, with committee members indicating support for an extension through Dec. 31, 2025.
Committee members said the purchaser bought the property under conditions requiring completion and that staff observed evidence of work underway. Members cited past precedent of granting extensions to buyers renovating city-owned properties and recommended allowing additional time rather than pursuing forfeiture, noting the purchaser has shown good-faith efforts.
The committee instructed staff to place a resolution on the next Tuesday agenda to extend the completion deadline to Dec. 31, 2025 and asked for the item to be brought back for formal action. No formal vote was recorded at the Jan. 21 committee meeting; members agreed to draft the extension for committee consideration.
