Jones Block Auction in Adams Postponed

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The foreclosure auction of two downtown buildings was postponed after the developer filed in bankruptcy court.

ADAMS, Mass. — The scheduled foreclosure auction of the Jones Block was postponed until March after the developer filed bankruptcy.

A handful of potential bidders and onlookers were gathered outside the buiding at 49-51 Park St. in the frigid air for the start of the auction at 1 p.m. on Thursday. But instead auctioneer Corey Fisher of Aaron Posnik & Co. declared that the auction had been postponed to March 15 at 1 p.m.

The result was the same for companion building at 39-45 Park, set to be auctioned at 1:30. It, too, was postponed to March 15 at 1:30 p.m.

A representative for mortgageholder Hoosac Bank declined to comment on the change of plans, but it was apparently sidelined by the buildings' owner Samel Adams Enterprises LLC filing for Chapter 11 bankruptcy in U.S Bankruptcy Court, Eastern District of New York, on Wednesday, Jan. 23.


According to documents filed in the court yesterday, "At a meeting of the members of Samuel Adams Enterprises LLC, held on Jan. 23, 2012, by the unanimous vote of the members, it was unanimously approved that the limited liability company shall file a Chapter 11 petition ... ."
 


Adams Jones Block Scheduled for Auction

Samuel Adams was the limited liability company established by developer Gerardo "Gerry" Sanchez to own and renovate the two buildings. It has a mortgage for $700,00 on the Jones Block and $384,000 on the Carlow building, both taken out from Hoosac Bank in 2008.

The bankruptcy court filing puts the value of the two buildings at $2.125 million and lists only Hoosac Bank as the creditor holding secured claims with a value of $1.28 million. The company estimates its assets at between $1 million and $10 million.

Sanchez, head of Polonia Architectural Restorations, has had his ups and downs. While his company is known for its successful restoration projects, he also ran into bankruptcy trouble in the past and was forced to sell his holdings, according to a 2004 article in the Times-Herald Record of Middletown, N.Y.


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North County Marks Memorial Day With Mount Greylock Trek, Ceremonies

By Jack Guerino, Tammy Daniels & Breanna SteeleiBerkshires Staff

Laurie Boudreau sings the national anthem during Memorial Day ceremonies at Clarksburg Town Hall on Sunday. 
ADAMS, Mass. — As they do every Sunday before Memorial Day, local veterans braved the elements to pay respects on Mount Greylock to fallen comrades.
 
"Past commanders have been coming up here for 93 years. I have been coming up for 64," said Adams American Legion member Donald Sommer. "We have had all kinds of weather, but this is some of the worst. It shows the dedication that we have for those who have gone before us and made the ultimate sacrifice."
 
Heavy winds and sleet met the motorcade at the summit. The Veterans War Memorial Tower — first built to honor World War I veterans — was barely visible and the 30 or so veterans and their families made their way to the memorial arm and arm, fighting the wind. 
 
The ceremony was held inside of the monument with only a rifle squad and taps player briefly stepping outside to conduct their part of the truncated ceremony. 
 
"It is important that we continue these ceremonies, not only for us, but for everyone else," Sommer continued. "So they remember what happened."
 
Veterans met early at the Adams American Legion Post 160 and promptly formed a motorcade to scale the mountain. The oppressive weather forced the Legion Riders off their motorcycles.
 
The group met at the Jones Nose Parking lot about halfway up the mountain to enjoy a traditional cocktail and toast fellow veterans.
 
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