Business

Auction of Friday Harbor Ace Hardware property postponed until Dec. 5

The auction of the Friday Harbor Ace Hardware property has been postponed until Dec. 5, 10 a.m., on the courthouse steps.

The auction had been scheduled for Oct. 3 but was postponed because the property owner, J. Philip Miller of Camano Island, has filed for bankruptcy protection.

William Weissinger, attorney for the lender, Key Bank, doubts the auction will be held in December as Miller's request for bankruptcy protection is under consideration.

Miller owns the real estate and leases the property to Friday Harbor Ace Hardware. He defaulted on a $669,751 loan and also owes nearly $70,000 in interest and $20,000 in back taxes on the property, according to May 2008 court documents.

Friday Harbor Ace Hardware is not on the auction block.

Miller is represented locally by the law firm of Skinner and Saar.

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