Conneaut Lake debt auction may force sale of park

Posted Wednesday, December 31, 2008 1:29 PM | Contributed by Jeff

Summit Township has accepted the lone bid for the sale of a $152,000 debt the township is owed by Conneaut Lake Park. A bid of $200,000 was submitted Tuesday afternoon at the township’s year-end meeting. The as-yet-unnamed winning bidder could end up forcing a sale of park assets — including land — to satisfy the judgment by filing for a writ of execution with county court, according to Bob Bailey, an attorney with Shafer Law Firm, who handles sheriff’s sales for the county.

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