MASON CITY – The owner of Southbridge Mall allegedly paid overdue taxes today to avert a sale of the property.
According to Cerro Gordo County Treasurer Patricia J. Wright, the Cerro Gordo County Treasurer’s Office received payment in full of the real estate taxes and interest owed by Southbridge Mall Realty Holding, LLC for the delinquent real estate taxes and interest on the buildings and improvements known locally as
Southbridge Mall.
The payment was received by the agreed upon deadline and processed on December 6, 2018. The total amount paid was $150,254.00 which included fees and damages due on three dishonored checks.
“No check, guaranteed funds,” Treasurer Wright told NIT.
The current real estate taxes for Fiscal Year 2017-2018 payable Fiscal Year 2018-2019 are unpaid. In the event these current real estate taxes remain unpaid, the parcels will be listed on the annual tax sale in June 2019.