Discounted land sale approved for Skylark development

The Petersburg Borough Assembly voted 6-0 last week to sell seven parcels of borough-owned land to Skylark Park LLC at half their appraised value. The reduced price reflects the project's public benefit purpose: creating at least 20 new residential lots in a community facing a dire housing shortage.

The assembly authorized the sale of the lots for $55,500 - 50% of their $111,000 appraised value and well below their $188,300 assessed value.

The sale includes Lots 1, 2, 3, 5 and 6 in Block A of the Skylark II Subdivision; Lot 5A in Block 221; and Government Lot 21. Skylark will combine these par...

 
 

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