Assembly approves tidelands sale to Island Refrigeration for $360,000

The Petersburg Borough Assembly approved the sale of a property on borough-owned tidelands to Island Refrigeration, LLC. at the price of $360,000, plus $5,171.76 in procedurally incurred expenses.

Island Refrigeration, owned by Brock Snider, is a young business that does marine refrigeration and electrical services for the Petersburg fleet.

The parcel is just under 30 thousand square-feet of vacant waterfront property located off Dock Street, behind Wikan Enterprises and the U.S. Coast Guard. It is currently used for storage and does not have a named address.

The property has an assessed value...

 

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