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Long Lake sells first lot on Stanton Hill

Sunday, August 03, 2014 - Updated: 8:48 AM

By PETE KLEIN

Express News Staff

RAQUETTE LAKE -- After several years of trying to sell lots owned by the Town of Long Lake on Stanton Hill, the first has finally been sold.

Long Lake Town Board members are hopeful this breaks the ice and the other lots will soon sell too.

Supervisor Clark Seaman told the board Wednesday, July 30, the first of the 12 Stanton Hill lots has been sold for $40,000.

The board designated Stanton Hill Lane as a town road because of the sale. It is about a mile long.

The town purchased the 38 acres to start an affordable housing program. The project began in 2005 with a $25,000 grant from the Governor's Office of Small Cities to study solutions to the local lack of affordable housing.

A Small Cities Community Development Block Grant of $400,000 followed in 2006, and approval of a $492,000 New York State Housing Trust Fund grant in 2007.

The program would have resulted in homes valued at about $150,000 but mortgages of only about $85,000. That's because Adirondack Community Housing Trust would have owned the land and grant subsidies would have made mortgages affordable.

However, by October of 2009 it became apparent the project would not materialize. The poor economy, the poor real estate market and the difficulty even people with high credit ratings were having getting mortgages at the time were blamed.

Potential applicants were also leery of owning a home on leased land. The lots were to be leased for $25 a month for 99 years.

By June of 2010 the town board had decided to put lots on the market, and in 2013 it began paying back the $400,000 grant used to purchase the land.

CYCLE ADIRONDACKS

The board approved a memorandum of understanding in support of 2015 Cycle Adirondacks.

Cycle Adirondacks is a one-week bicycle tour from Saranac Lake to Boonville and on to Old Forge before coming to Long Lake and ending back in Saranac Lake. The ride will cover about 480 miles, is expected to have over 600 bicyclists, and will be held Aug. 23-29, 2015.

The Wildlife Conservation Society is sponsoring the event and will fund it with the $211,750 it won last December from the state during the Consolidated Funding Application process.

OTHER BUSINESS

-- Seniors from Tupper Lake will be allowed to go on the Little Bus for senior citizen shopping trips with the understanding they would be picked up in Tupper Lake for trips going north but must provide their own transportation to Long Lake for trips headed south.

-- The town will donate $1,000 to the Adirondack Park Institute, which raises funds to support programs at both the Adirondack Interpretive Center in Newcomb and the Paul Smith's College Visitor Interpretive Center.

-- The board approved hiring Kelly Brown as clerk and Sandra Burch as principal medical services clerk, both at the Medical Building.

peteklein@hamiltoncountyexpress.com

     

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