$71,000 is Town profit on Hedlin property
April 7, 2021
Good news. The profit will be about $71,142 to the Town of La Conner in its sale of the Hedlin Maple Avenue ballfield property. Incomplete reporting resulted in an inaccurate story in the March 31 Weekly News, when the headline cited $20,000. Add to that the $37,000 2020 purchase option, which held the property. That was part of the purchase price,.
Another $13,340 is gained because the Town, as a government, does not pay real estate excise tax when it sells property. That is a swing of over $50,000 for La Conner. The Town’s total cost to buy and sell the Hedlins property is approximatel...