Press-Republican

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March 19, 2014

Horace Nye pact inked at last

ELIZABETHTOWN — Essex County finally has a closing date for sale of its Horace Nye Nursing Home.

The long-delayed transfer is scheduled for Thursday, and representatives of Essex County and the purchaser, Centers for Specialty Care of the Bronx, have already signed the legal papers, County Attorney Daniel Manning III said Monday.

Manning said 25 to 30 documents have been inked.

“All documents are with the escrow agent in New York City,” he said.

“It’s just a matter of the bank closing, and we’re finished. The bank will transmit the money to us. Midnight March 20 is the deadline for everything to conclude.”

SEWAGE TEST TO COME

Manning said $75,000 will be withheld from the $4.05 million sale price to cover the pumping and analysis of the sewage pits that serve the Nursing Home’s septic system.

He said they have to hire a contractor to pump out the pits, located under the rear county complex parking lot, then have the material analyzed to make sure nothing hazardous was dumped into the system.

The county has agreed to take responsibility if any hazardous waste is discovered.

Manning said he and County Manager Daniel Palmer have signed all applicable documents for the sale, as have the Centers for Specialty Care owners.

ALL BUT 7 JOBS

Located in Elizabethtown, Horace Nye has 100 beds and about 135 employees. All but seven workers are continuing with the new owners. Two transferred to other county jobs, and five had accounting-office positions whose work will now be be done at the Centers for Specialty Care headquarters.

The sale includes the building, lawn and parking lot, a total of 3.2 acres. National broker Marcus & Millichap of Chicago marketed the facility and will receive a commission from the county for the sale.

The final closure documents were delivered Friday, Supervisor Roby Politi (R-North Elba) said before Monday’s County Board of Supervisors committee meetings.

“That’s a sign the closing is imminent.”

The deal was approved by the County Board of Supervisors in June 2012, but took until now to wrap up.

The sale was delayed several times while the Centers for Specialty Care negotiated on legal matters pertaining to the transfer.

Email Lohr McKinstry:lmckinstry@pressrepublican.com

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