Counting checkens before they hatch...
Well, the Dec 5 Sun reported that the "old - new" library site did not sell - no bids at all. Hmm, so much for being a liquid asset - not even one to match the $150K purchase price. And in this economic time, I doubt that there will be any for a while either. Thus, the $110K that was promised to the Trustees from the sale of the property evaporated into thin air.
What was surprising was that is that the article said that the Library Trustees opened up a substantial line of credit partly in anticipation of the sale of the land and the $110K it would have given them.
Oops. That's going to leave a mark....
