THE timeline – documents and players, the last installment

This is a the last in a series of a timeline of dates, referencing open-source documents, names of people and organizations which have been linked with the property at Third and Linden Streets. Simply stated, this is a history lesson based on open-source documents.

  • 25 October 1984 … I.B.S. Development Corp filed a Business Entity Filing (name change from Incubator Business Services, Inc., begun 25 October 1984) with the PA Department of State; it was filed as a domestic corporation enterprise. The business address is listed as 950 Homestead Road, Newport, PA.
  • 14 September 1987 … Deed filed … Linden and Third Street property sold by Lancaster Industrial Development Authority and Loew’s Theatres, Inc. to Vincent J. Guffino for $475,000.00.
  • 17 February 2004 … Museum Partners, L.P. filed a Business Entity Filing with the PA Department of State; it was filed as a limited partnership – domestic enterprise. The business address is listed as 950 Homestead Road, Newport, PA.
  • 30 June 2004 … Columbia Economic Development Corporation filed a Business Entity Filing with the PA Department of State; it was filed as a non-profit (non-stock) – domestic enterprise. The business address is listed as 15 North Third Street, Columbia.
  • 12 November 2004 … Columbia Investment Partners Corporation filed a Business Entity Filing with the PA Department of State; it was filed as a limited partnership – domestic enterprise. The business address is listed as 327 Locust Street. The officers are: Jeff Seibert, president, PO Box 88, Columbia, PA 17512 and Keith Lutz, treasurer, PO Box 88, Columbia, PA 17512.
  • 29 November 2004 … Columbia Investment Partners LP filed a Business Entity Filing with the PA Department of State; it was filed as a limited partnership – domestic enterprise. The business address is listed as 327 Locust Street, Columbia.
  • 03 March 2005 … Columbia Borough  receives “market value” property appraisal from Robert W. Heiserman, Jr. for “501 North Third Street” property. The stated “market value” is $590,100. (NOTE: This is the same appraiser the Borough of Columbia engaged to appraise the Safe harbor “gifted” riverfront properties.)
  • 04 October 2005 … Deed filed … On 30 September 2005, Vincent and Barbara (Smith) Giffuni sold Linden and Third Streets property to Borough of Columbia for$825,000.00.
  • 22 March 2007 … Special Borough Council Meeting minutes 3-22-2007“special meeting was being held to approve an agreement with Columbia Borough and the Columbia Economic Development Corporation for the marketing of the property located at Third and Linden Streets.”
  • 15 December 2008 … Museum Partners, LLP receives notification letter that “Governor Rendell has authorized the release of $1,000,000 in Redevelopment Assistance Capital Program (RACP) funding for the renovation of the former Ashley & Bailey Silk Mill in Columbia Borough.”
  • 03 June 2009 … 2008 – CEDC form 990 filed … Columbia Economic Development Corporation, net assets or fund balances, $56,980.
  • 11 June 2009 … Borough of Columbia submits documents 01 and 02 for RCAP funding Capital Budget Project (Phase I Renovation of former Ashley and Bailey Silk Mill Site).
  • 12 February 2010 … Borough of Columbia agrees to Redevelopment Assistance Grant contract with Commonwealth for Ashley and Baily Silk Mill Renovation.
  • 13 May 2010 … 2009 – CEDC form 990-EZColumbia Economic Development Corporation, net assets or fund balances, $2,034.
  • 03 June 2010 … Deed filed … On 03 June 2010, the Borough of Columbia sold Linden and Third Streets property to Columbia Economic Development Corporation for $1.00. (Valuation Data: Actual Cash Consideration = $950,000.  County Assessed Value = $546,800. Fair Market Value = $738,180.
  • 02 June 2010 … Open End Mortgage and Security Agreement filed … On 02 June 2011, Museum Partners, L.P., assumed a mortgage from Susquehanna Bank in the amount of $5,430,000.00. for the acquisition of Linden and Third Streets property.
  • 02 June 2010 … Deed filed … On 02 June 2011, Columbia Economic Development Corporation sold Linden and Third Streets property to Museum Partners, L.P. for $243,000.00.   Of the taxes collected in the transfer, $2,430.00 was remitted to Columbia Borough.

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