TOWN COUNCIL MAJORITY OFFICE
REAL ESTATE ACQUISITION AND DISPOSITION COMMITTEE
MARCH 6, MAY 1, 2012
PRESENT Linda Russo, Chair; Councillors William P. Horan, Jr. and Eric Thompson
ALSO Marcia Leclerc, Mayor (arrived 5:39 p.m.)
PRESENT Rich Gentile, Assistant Corporation Counsel
Mary Martin, Raymond Library Project Coordinator,
Ram Aberasturia, Councillor
CALL TO ORDER
Chair Russo called the meeting to order at 5:31 p.m.
APPROVAL OF MINUTES
March 6, 2012 Meeting Minutes
MOTION By Bill Horan
seconded by Eric Thompson
to approve the minutes of the March 6, 2012 Real Estate Acquisition & Disposition Committee meeting.
Motion carried 3/0.
OPPORTUNITY FOR RESIDENTS TO SPEAK
None
NEW BUSINESS
46 Central Avenue: Discussion and Vote Concerning Possible Offer to Purchase
Assistant Corporation Counsel Rich Gentile initiated a general discussion of the town’s progress with negotiations regarding 46 Central Avenue and the town’s possible acquisition of the parcel to make it part of the Raymond Library “campus”. The town is presently attempting to acquire the parcel by way of a short sale.
MOTION By Bill Horan
seconded by Linda Russo
to authorize Peter Graham of Graham Real Estate to submit an offer on
behalf of the Real Estate Acquisition & Disposition Committee for the town
to purchase 46 Central Avenue for the purchase price of $95,000, provided
that (1) Mr. Grahams’ service fee is paid for in whole by the seller or seller’s
agency and (2) that the purchase is subject to receipt of a satisfactory
environmental Phase I report, land records title search, an 8-24 Planning
and Zoning Commission approval and final Town Council approval.
Motion carried 2/1. Nay: Thompson
OLD BUSINESS
40 Central Avenue – Discussion of Appraisal Results and Vote Concerning Possible Purchase
Assistant Corporation Counsel Rich Gentile updated the Committee on the town’s progress with its attempt to acquire the parcel at 40 Central Avenue. The owner’s last demand is commensurate with the Town Assessor’s valuation and the appraisal of the property ($188,000). Attorney Gentile feels that the demand is fair and hopes to move forward with plans to acquire the property.
MOTION By Linda Russo
seconded by Eric Thompson
to recommend that the Town Council vote to acquire the property known
as 40 central Avenue for the sum of $188,000 subject to receipt of a
satisfactory environmental Phase I report, land records title search and an
8-24 Planning and Zoning Commission approval.
Motion carried 3/0.
Raymond Library Lease – Update
Mary Martin, Raymond Library Project Coordinator, updated the Committee on the state funding available if the “campus” project moves forward. Attorney Gentile discussed the scope of the Library museum, which should be determined in June 2012.
No further action taken at this time.
ADJOURNMENT
MOTION By Eric Thompson
seconded by Bill Horan
to adjourn (5:59 p.m.)
Motion carried 3/0.
cc: Town Council
Marcia Leclerc, Mayor
Rich Gentile, Assistant Corporation Counsel
Mary Martin, Raymond Library Project Coordinator
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