The Suffolk County Water Authority has sold the first property from a list of land holdings not considered to be necessary for future water supply needs. Proceeds from the sale of this and the other properties will be used to keep water rates low and to support key infrastructure projects.
The first property to be sold is a one-acre residential lot formerly used as an observation well site in Lake Ronkonkoma. The lot sold for $241,000 on March 28.
The Authority this week also solicited bids for six vacant properties ranging in size from a .8-acre parcel in Miller Place to a 12.7-acre parcel in Oakdale. The six properties total approximately 34 acres and are expected to bring in more than $5 million in revenues. Next week, the Authority will put on the market two surplus buildings, one in Great River and another in Southold.
“A close examination of our property holdings indicated that we maintain approximately 30 properties totaling more than 400 acres which we do not anticipate needing for future water supply needs,” said SCWA Chairman James F. Gaughran. “As such, we decided to appraise the properties and put them on the market to raise significant new revenues for the Authority.”
“This has been a long and worthwhile process for the Authority,” said Chief Executive Officer Jeff Szabo. “A full property inventory and analysis had not been previously conducted. We are seeing the first benefits of that review with the sale of the Ronkonkoma parcel.”
For more information please call 631-563-0334.
The Suffolk County Water Authority is an independent public-benefit corporation operating under the authority of the Public Authorities Law of the State of New York. Serving approximately 1.2 million Suffolk County residents, the Authority operates without taxing power on a not-for-profit basis.