The City of Fitchburg had its biggest ever auction of tax possession property far exceeding expectations. The auction generated over $750,000 for the city’s general fund. The live auction offered nine properties to attendees who trudged through the rain and stood masked in hopes of acquiring a sound investment. Competitive bidding wars followed and each time the auctioneer declared a property sold attendees cheered. City officials hailed the auction as a huge success because it generated considerable one-time revenue, will remove neighborhood blight and restore the properties back to the tax rolls. The event was a public, professional and transparent process with registered bidders from a wide geographic region participating in the proceedings.
Mayor Stephen L. DiNatale who welcomed bidders at the start of the auction was very pleased with the outcome and commented “it is great to see people investing in our city.” Officials worked diligently in the months preceding the auction to properly prepare for the event. City Treasurer and Tax Title Custodian Anne Cervantes, who oversaw the auction indicated the fierce bidding generated strong prices and a positive outcome for the community. Paul T. Zekos of the Zekos Group Auctioneers complimented city officials on their professionalism and acknowledged active and spirited bidding on the part of participants. “By all accounts this was a very successful auction and a win-win for the City and its taxpayers” Zekos said.