DRYDEN, N.Y. — Village of Dryden residents, your rainy Wednesday just got a little bit brighter – a village eyesore has a new owner, and a construction loan to help restore the building to good condition.
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The two-unit home at 76 West Main Street in Dryden was sold by Vincent and Linda Bruno to Nicholas Kuzmik of Ithaca for $49,075 on the 29th. Further to that, the First National Bank of Dryden has entered into a construction loan agreement with Kuzmik to finish reconstruction of the home.
Dryden residents may remember that the green two-story home, which sits prominently next to Virgil Creek just west of the village center, was badly damaged by a fire in April 2014. No one was injured in the fire, but the building was rendered uninhabitable.
The house was boarded up and a tarp placed over the roof, but no attempt was made initially to repair the damages. Many village residents complained about the burned eyesore to the village government, and the Dryden Village board of Trustees passed a resolution in December 2014 that condemned the building and ordered Bruno to begin demolishing the house within 30 days.
Bruno stated that issues with his insurance company and a lack of response from demolition contractors were responsible for the delay. The board extended its order from 30 days to 90 days, giving him until March. The Board of Trustees deferred its order when Bruno expressed strong interest in salvaging the building, pending the support of an engineer’s report. The report found the rear apartment unit could not be saved, but the rest of the building could be repaired.
The Brunos installed doors, windows and a new roof earlier this year, but offered the building up for sale to an ambitious buyer if they wanted to finish the project. Major interior and exterior work still needs to be completed. The construction loan is valued at $88,000, but most of that is towards the purchase and taxes, with about $33,448 going towards the hard costs (materials/labor) of renovations.
With a sale procured and a construction loan in place, things are looking up. The Brunos have the building off their hands, the building is on track to be repaired and habitable once again, and the village will no longer have to worry about an eyesore at one of its gateways.
Correction: An earlier version of this story incorrectly stated the name of the construction loan lender. It has been corrected.
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