Members of North Augusta City Council got an update on the financial impact Riverside Village is having on the city.
Finance Director Cammie Hayes gave the council the quarterly financial report for the second quarter.
MORE: Parts of Riverside Village on the Auction Block
Assessed value of all taxable property in the city — real property and personal property — for fiscal year that ended December 30, 2020 and covers the 2019 tax year, is just over $144.3 million. That compares to almost $115 million the previous year.
That increase includes the special assessments for some properties in Riverside Village.
One development there is now the largest taxpayer in the city. Ackerman Greenstone North Augusta, which owns the Crowne Plaza hotel, has an assessed value of nearly $5 million and paid more than $366,000 in city taxes.
Hayes said Graybul Ironwood, LLC., owner of the Ironwood Apartments, which is also in Riverside Village, is now the fifth largest taxpayer with an assessed value of just under $1.5 million and paid more than $109,000 in city taxes.
Additional properties in Riverside Village did not have tax payments in that calendar year but will be reflected in the 2021 update.
The full report is available on the city website.
Meanwhile, seven parcels of land in Riverside Village, six of them undeveloped, are listed on the Aiken County Master-In-Equity list of properties facing a foreclosure sale.
That list can be found here.
[adrotate banner=”54″]
One of the properties is the parking garage across from SRP Park, listed as tract B. The description says that tract B is 1.52 acres.
The remaining six properties are undeveloped. They are listed as: Tract C – 1.20 acres; Tract D – 0.83 acre; Tract G – 0.41 acre; Tract H – five parcels, each roughly 0.10 acre; Tract I – 0.69 acre; Tract K – 2.12 acres.
The parcels were first up for sale on July 5, but attorneys for First Community Bank and Greenstone Hammond’s Ferry, LLC., asked the judge to postpone the sale to give the two sides a chance to negotiate a settlement.
MORE: Riverside Village Parcels Again Facing Foreclosure Sale
An employee with the Master-In-Equity office says the attorneys asked the properties to be put back on the list.
The judgement amount listed is just under $3.1 million.
The Riverside Village parcels are among eight listed for the foreclosure sale. The sale is scheduled to begin at 11 a.m. Aug. 2 at the Aiken County Judicial Center. The center is at 109 Park Ave., SE.
Dana Lynn McIntyre is a Staff Reporter with The Augusta Press. You can reach her at dana@theaugustapress.com.
[adrotate banner=”45″]
