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Legislators question timing and process of proposed sale of 60 South Pearl to Liberty Park Development
Summary
County staff asked the Legislature to declare 60 South Pearl surplus and approve sale to Liberty Park Development for $1,480,000. Legislators raised procurement and timing concerns and asked for further review; county attorney said legal review found no issues.
County staff asked the Albany County Legislature to designate 60 South Pearl as surplus property and approve selling the building to Liberty Park Development for $1,480,000.
The request included updated appraisal and marketing information. A prior appraisal had valued the property at $2,830,000 on Sept. 14, 2023; a new appraisal dated March 30, 2025, placed the value at $1,420,000. The presenter said the March 30 appraisal was about $69,000 less than the received offer and outlined the listing and offer timeline: the county received the Liberty Park offer on Oct. 7, 2024, listed the…
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