Submitted by Howard Owens on August 30, 2012 - 4:41pm
The Batavian received a reply from the City of Batavia today on its FOIL request regarding the loan that Chad Zambito received through the Batavia Development Corp. for his business, Grammy's Laundry, which is set for an asset auction Sept. 4.
Answers to key questions:
Zambito also owes money to the Bank of Castile. He said previously that his total debt is less than $20,000 and he expects the asset auction to raise enough money to satisfy both debts.
Previously: Business owned by Chad Zambito closed, assets up for auction to pay debts
Associated Press Style (which is what we use): If a date is within the past 12 months, then the year is not included in the copy. Hence, July 3, 2012 (because it was in the past 12 months).
If it had been July 3 of any other year, we would have included the year.
The sale of a few used commercial washers and dryers will fetch close to 40k at auction??
He said $30K.
I have no idea of the value of these items, however, I know from talking with Chad a year or more ago about this, he purchased some pretty advanced machines.
Any auction comes down to who shows up with the pocketbook deep enough and need to win.
Copyright © 2008-2012 The Batavian. Some Rights Reserved. Privacy Policy | Terms of Service
Original content available for non-commercial use under a Creative Commons license.
Contact: Howard Owens, publisher (howard (at) the batavian dot com); (585) 250-4118
"Date of last payment: July 3 "
of what year?
If it's 2012, then I would declare the which hunt over!
Just saying......