HomeMy WebLinkAboutBOS EXEC. MINUTES 9-24-19970
Board of Selectmen
Executive Session
Minutes
September 24, 1997
. ,,, , 5
Present: Chairman Madan, Clerk Royle, Selectmen Cole'lld' and X dahana
Acting Manager Boucher reviewed the following scenarios involving pending litigation
concerning a eminant domain taking by the Town of the Morse Property.
Offer 840,000.00 Our offer ifgoing to trial
Payment 0
Balance $40,000.00
Interest at 10% (Set w State at 8.5 Years $34,000.00
Lms)
Offer 2
Payment
Balance
Interest at 10% (Set by State
Law) at 8.5 Years
Offer3
Payment
Balance
Interest at 10% (Set by State
Lm+) at 8.5 Years
Offer 3A
Payment
Balance
Negotiated Interest at 5%
(Set by State Lmi) at 8.5 Years
Offer
Payment
Balance
Interest at 10% (Set by State
Lm,) at 8.5 Years
Total.
$103,636 3 7 Ash settlement of
$1.2AIII44A*3.8
0
Total:
195,181,82 Ash total Sale 2.26
M144*3.8
33, 000.00
Total.
195,181.82 Ash total Sale 2.26
M144*3.8
33, 000.00
Total.
51,300.00 Recent Sale of Water
Shed Property 13,500. 00
0.00
Total.
$74,000.00
$103,636.37
$103,636.37
162,181.82
137,854.55
300, 036.36
162,181.82
68,927.27
231,109.09
51,300.00
43, 605.00
94,905.00
Board of Selectmen
Executive Session Minutes
September 24, 1997
Page 2 of 2
Lot Value
Payment
Balance
Interest at 10% (Set by State
Law) at 8.5 Years
320, 000.00 By Lot ' `Value
a@$80, 000.00 per lot: 4 Lots
33, 000.00 l
287, 000.00
243,950.00
Total: $530,950.00
Motion: That we offer between $75,000 to a maximum of $100,000 to settle this
land claim.
(Mahana - Colella) (3 -1) Clerk Royle abstained. PASSES.
Roll Call Vote to Adjourn:
Clerk Royle Aye.
Selectman Colella Aye.
Selectman Mahana Aye.
Chairman Madan Aye.
At#ourmnent 9 :15 PM
s
i )� �, �F
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Clerk's Signature _
j 0 - t - 9'7--
Date of Approval
Date of Release