City Rescinds Parcel Sale to Home Leasing
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Description
Geneva rescinded its previously approved sale of Parcel 104.8-1-34 on Jackson Street to Home Leasing after the developer withdrew citing tax credit and market challenges. The original agreement had set a $70,000 purchase price, a $2,500 non-refundable deposit, and a due-diligence period of up to three years.
Contract Details
Contract Amount
$70,000 (purchase price) plus $2,500 non-refundable deposit
Vendor
HOME LEASING
Agency
City of Geneva, NY
Contract Type
OTHER
Document Date
November 5, 2025
Contract Term
Due-diligence period of up to three years
Renewal Info
Original sale authorization with Home Leasing is formally rescinded; no active agreement remains in place for this parcel.
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