ELLENVILLE - According to Auction America Realty's Marvin Neuman on Monday, the planned public auction of the Nevele Grande Resort on September 1 has been called off.

“I have secured an amazing individual who is looking to completely renovate the Nevele and make it into a five-star hotel,” he said. “The contracts are all signed; both sides are in agreement, the Nevele will close within a few weeks.”

Neuman said he couldn't yet reveal information about just who the buyer is, but it's presumed that the purchase price came to at least $15.5 million, the starting bid posted on the resort's online listing.

The news of the deal came only hours before Ulster County sent out a press release stating that they had filed suit against the Nevele and the Ulster County Industrial Development Agency for unpaid tax money through a Payment In Lieu of Taxes (PILOT) agreement.

The county is seeking “$290,959.16, plus penalties, interest and attorneys' fees,” according to the press release. The release states that the action was done to ensure that the debt was satisfied before the final sale or auction of the property.

Neuman said that the suit would not affect the sale, however.

“We're going to pay everybody off; he [the seller] has more than adequate funds to pay everything. Nobody's going to stop this,” he said. “The financial stability of this buyer is tremendous.”