Town’s profit on Maple Avenue ballfield

The La Conner Weekly News published a table May 12 showing that the Town of La Conner made a profit of $8,075 on the sale of the Hedlin property. Now that the Hedlin ball field troubles are all over, let us take a look at the transaction. The cash basis closing statement shows that the Town netted $117,034 on the sale. Then, subtract $37,000 for a second option, plus an appraisal at $3,500 and a survey at $5,500 and you get $71,034. I think that wound up in the General Fund.

Staff time and the paving of an easement are not counted.

The Town gained land for a 120 foot by 200 foot park that calculates to a closing statement value of $210,171. That makes a total of $281,205 in cash and property.

Dan O’Donnell

La Conner