Advertisement
Search Sponsored by:
Monday, November 24, 2014
Speculator, NY ,
Advertisement

State seizes Pour Jim's property

Saturday, July 19, 2014 - Updated: 10:15 AM

By CAROLINE MURRAY

For the Express

MAYFIELD -- The New York State Department of Taxation and Finance has seized Pour Jim's restaurant and tavern here.

Located at 2399 State Route 30, a bright orange sign hanging outside the establishment's front door states the property has been seized for nonpayment of taxes and is now in the possession of the State of New York.

According the department's tax warrant notice information system, since September 2009 restaurant owner James E. Peters has failed to pay more than $350,0000 in state taxes.

A sales agent for Glove City Reality Inc., Gloversville, Anthony Christiano, said the restaurant has been on the market for a few years, listed for $499,999. Peters could not be reached for comment.

According to the tax department's website, a seizure and sale is an action taken when all other attempts to collect taxes fails. During the procedure, all of the business' assets are seized, unless both parties reach a solution prior to the sale. If no compromise is reached, the state will sell the businesses property at a public auction for "at least fair market value."

If the proceeds made exceed the debt owed and the department's expenses, the remainder of the money is given to the owner, according to the website.

Mayfield Code Enforcement Officer Michael Stewart said Pour Jim's was closed down for the winter, which is unusual for the establishment.

He said it was a shock to hear about Peters' misfortune. "It is a shame when you see any business, particularly a local business, fail," he said.

Town of Mayfield Supervisor Richard Argotsinger, an area native, and said his parents went to dinner at the former Check In before it became Pour Jim's.

He said the town is losing another source of sales tax, but the locals of Mayfield are losing out on a long-time hangout and eatery.

To his knowledge, Argotsinger said the town was not informed by the state about the take-over. "There was no foreseeing this ... the state did not contact the town," Argotsinger said.

     

Comments made about this article - 0 Total

Advertisement
Advertisement

Copyright © Port Jackson Media, LLC.

Privacy Policies: Hamilton County Express

Contact Us