KSAC begins to offload idle properties ..get it while u can

[evanovitch]

<span style="font-weight: bold">Monday, 01 June 2009 </span>
The Kingston and St. Andrew Corporation (KSAC) has started to offload its large holding of idle lands in a bid to raise additional funds this financial year.

Following an announcement a year ago that it would reduce its real estate portfolio, the KSAC established a Divestment Committee.

Mayor of Kingston, Desmond McKenzie, says three properties have already been placed on the auction block.

&quot;We just concluded one where we sold Claro for almost $2 million just about three months ago. So we are moving and we are putting together a proper data base for all the properties that are in my Council and those that we can dispose of we will dispose of them,&quot; said Mayor McKenzie.

[RichD]

Re: KSAC begins to offload idle properties ..get it while u can

wonder what kind of property sell for $2 Million these days

[evanovitch]

Re: KSAC begins to offload idle properties ..get it while u can

mi wonda how dem choose wen fi use di Ja currency as oppose to di US in dem articles...a guess di US wudda show how dem a gi weh di land

[sistactry]

Re: KSAC begins to offload idle properties ..get it while u can

$2million cheap man, even if a just fe land,

DM a me boy u know, but dyaamm mek him a gi it whey so???

[evanovitch]

Re: KSAC begins to offload idle properties ..get it while u can

mi a wonda if dem a sell di ole Mayor's house...dat land nice u see...di house mussi well bruk dung now, but all dem trees whe deh rung it etc mek it a nice house spot...

[sistactry]

Re: KSAC begins to offload idle properties ..get it while u can

een een, me no know de house???

which paat it deh???

him better no sell dat, dat fe fix up and tun inna museum or office,

[RichD]

Re: KSAC begins to offload idle properties ..get it while u can

Sale Of Mayor's Residence Deferred
KINGSTON (JIS)
Friday, February 13, 2004


The Kingston and St. Andrew Corporation (KSAC) will be deferring the sale of the Mayor's official residence on Argyle Road in Kingston, to a date to be announced later this year.

Explaining the withdrawal of the property from the market, Mayor of Kingston, Councillor Desmond McKenzie told the Council's monthly press briefing on Wednesday (Feb. 11) that, &quot;in order not to give the impression that the Council is divided on the sale of the Mayor's residence we took a decision to defer the process for the time being. We will be putting out an advertisement and I would like to thank those persons who submitted offers previously and to apologize to them that we have to put the thing on hold for now&quot;.

He informed that after some period had passed, the sale of the residence would again be opened.

Addressing the controversy, which aroused last month about the sale of the property, Mayor McKenzie said: &quot;What took place at the last Finance Committee meeting was rather unfortunate.

There seemed to have been a certain level of misunderstanding or misinformation with regards to the process&quot;.

Disclosing some of the offers made for the property, Mayor McKenzie said that the offers ranged from $3 million to as high as $30 million.

The 0.646 hectares (1.6 acre) property has been vacated for more than 14 years and as a result, the condition of the residence has deteriorated significantly. Explaining to members of the media why the property could not have been rehabilitated, Mayor McKenzie said that the process would be too expensive, noting that an estimate to repair the roof of the residence would have cost in excess of $10 million.

&quot;I don't want to find ourselves in a position where we spend this enormous amount of money (to do repairs) .because the tax payers of this country would never forgive us for spending that kind of money, so it is easier to dispose of it than to spend money that we don't have to effect the repairs,&quot; he explained.

Meanwhile, he pointed out that when the property was sold, the money would be used to purchase another residence for the Mayor.

&quot;The sale of the property cannot and will not be used for any other purpose than to purchase a new residence for the Mayor of Kingston,&quot; he stressed.

[gourmet]

Re: KSAC begins to offload idle properties ..get it while u can

Maybe the moyor of Kingston should live in his own house, instead of in a mansion at taxpayer expense.

[sistactry]

Re: KSAC begins to offload idle properties ..get it while u can

exactly, live a ur own yard, if u have out of country visitors unu no dine and meet a one hotel, cha, and den a talk bout waste money, ***kissteet***

tanks Richy,

[evanovitch]

Re: KSAC begins to offload idle properties ..get it while u can

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">Sale Of Mayor's Residence Deferred
KINGSTON (JIS)
Friday, February 13, 2004


The Kingston and St. Andrew Corporation (KSAC) will be deferring the sale of the Mayor's official residence on Argyle Road in Kingston, to a date to be announced later this year.

Explaining the withdrawal of the property from the market, Mayor of Kingston, Councillor Desmond McKenzie told the Council's monthly press briefing on Wednesday (Feb. 11) that, &quot;in order not to give the impression that the Council is divided on the sale of the Mayor's residence we took a decision to defer the process for the time being. We will be putting out an advertisement and I would like to thank those persons who submitted offers previously and to apologize to them that we have to put the thing on hold for now&quot;.

He informed that after some period had passed, the sale of the residence would again be opened.

Addressing the controversy, which aroused last month about the sale of the property, Mayor McKenzie said: &quot;What took place at the last Finance Committee meeting was rather unfortunate.

There seemed to have been a certain level of misunderstanding or misinformation with regards to the process&quot;.

Disclosing some of the offers made for the property, Mayor McKenzie said that the offers ranged from $3 million to as high as $30 million.

The 0.646 hectares (1.6 acre) property has been vacated for more than 14 years and as a result, the condition of the residence has deteriorated significantly. Explaining to members of the media why the property could not have been rehabilitated, Mayor McKenzie said that the process would be too expensive, noting that an estimate to repair the roof of the residence would have cost in excess of $10 million.

&quot;I don't want to find ourselves in a position where we spend this enormous amount of money (to do repairs) .because the tax payers of this country would never forgive us for spending that kind of money, so it is easier to dispose of it than to spend money that we don't have to effect the repairs,&quot; he explained.

Meanwhile, he pointed out that when the property was sold, the money would be used to purchase another residence for the Mayor.

&quot;The sale of the property cannot and will not be used for any other purpose than to purchase a new residence for the Mayor of Kingston,&quot; he stressed. </div></div>

tonx RichD...wonda if it sell r dem still a kip it undacovas fi smaddy special...nice place u see....dem ole style house..yeah man...nice place indeed

[julie*mango]

Re: KSAC begins to offload idle properties ..get it while u

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">wonder what kind of property sell for $2 Million these days </div></div>

not even one of my parents house weh dem sell di other day cross di waters sell fi so likkle

[RichD]

Re: KSAC begins to offload idle properties ..get it while u can

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">

tonx RichD...wonda if it sell r dem still a kip it undacovas fi smaddy special...nice place u see....dem ole style house..yeah man...nice place indeed </div></div>

yuh know mi never really know where argyle rd was


but seems to me that the really going to give away this place...even $30 million for 1.6 acres int he golden tirangle is too small ...town houses in that area selling for close to that

[evanovitch]

Re: KSAC begins to offload idle properties ..get it while u can

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">

tonx RichD...wonda if it sell r dem still a kip it undacovas fi smaddy special...nice place u see....dem ole style house..yeah man...nice place indeed </div></div>

yuh know mi never really know where argyle rd was


but seems to me that the really going to give away this place...even $30 million for 1.6 acres int he golden tirangle is too small ...town houses in that area selling for close to that </div></div>

when George Mason was Mayor mi use fi go deh nuff...use fi do nuff tings fi him youth effort plus is an ole family fren..di ongle time mi fada voted PNP