Town Council Majority Office
Real Estate Acquisition And Disposition Committee
May 22, 2014
PRESENT Linda Russo, Chair and Councillor Anita Morrison
ABSENT Councillor William P. Horan, Jr.
ALSO Tim Bockus, Public Works Director
PRESENT Eileen Buckheit, Development Director
Rich Gentile, Assistant Corporation Counsel
CALL TO ORDER
Chair Russo called the meeting to order at 6:35 p.m.
APPROVAL OF MINUTES
April 14, 2014 Meeting Minutes
MOTION By Anita Morrison
seconded by Linda Russo
to approve the minutes of the April 14, 2014 Real Estate Acquisition & Disposition Committee meeting.
Motion carried 2/0.
OPPORTUNITY FOR RESIDENTS TO SPEAK
Sergei Gerasimov, owner of 112,116 and 118 Main Street, explained that he recently purchased 118 Main Street and that his goal is to expand the business currently located at 112-116 Main Street onto the property known as 118 Main Street. When he purchased 118 Main, he realized the deed contained less property than he thought. He wants to purchase an approximately 25’X50’ piece of property formerly known as Barry Street, from the town.
NEW BUSINESS
118 Main Street
Assistant Corporation Counsel Rich Gentile reported that he has not searched the title and has no evidence that the town owns the property. The only information he has is that the town abandoned Barry Street in 1956. Mr. Gerasimov will provide the Committee with a title search on the property. Attorney Gentile will contact the town’s Assessor, Brian Smith, to determine value of the parcel. No further action taken at this time.
OLD BUSINESS
Two Parcels on Park Avenue/Main Street (Route 5 North)
Public Works Director Tim Bockus reported on the history of demolition of structure and removal of underground tanks on the property. The removal of the tanks was done within DEEP guidelines. No further action taken at this time.
26 Bissell Street
Development Director Eileen Buckheit received letters from Carlos Costa, owner of Main Street Properties and Marcel Bizier, owner of the property on which Gold’s Gym and Discount Trophy is located, indicating that they were not interested in purchasing 26 Bissell Street. (see attached) TAB Computers agreed to purchase 26 Bissell Street for $50,000 to be paid over a ten year period, the balance of which could be paid off without incurring any penalty charges.
MOTION By Linda Russo
seconded by Anita Morrison
to recommend that the Town Council vote to convey 26 Bissell Street to
TAB COMPUTER SYSTEMS, INC., on the following terms:
- A public hearing is held, pursuant to C.G.S. §7-163(e), prior to the Town Council’s vote on the sale.
- The Planning and Zoning Commission approves the sale pursuant to C.G.S. §8-24.
- The purchase price for the property shall be $50,000.
- The purchase price shall be paid as follows: a payment of $5,000 on the closing date. An additional payment of $5,000 plus interest shall be paid by TAB COMPUTER SYSTEMS, INC., to the Town on each anniversary date of the closing, up to and including the 9th anniversary. To secure the repayment, the purchaser shall sign a promissory note in the Town’s favor, with interest accruing at 4% per annum, and shall execute a mortgage in the Town’s favor. The note may be paid off, at any time, without penalty.
Motion carried 2/0.
ADJOURNMENT
MOTION By Linda Russo
seconded by Anita Morrison
to adjourn (8:00 p.m.)
Motion carried 2/0.
cc: Town Council
Marcia Leclerc, Mayor
Rich Gentile, Assistant Corporation Counsel
Tim Bockus, Public Works Director
Eileen Buckheit, Development Director
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