Finance Committee member urges Select Board to clarify risk transfer for Peabody school

During the recent Town of Concord Housing Roundtable, a critical discussion emerged regarding the timing of liability transfer related to the Peabody School property. Carlin Reed, a member of the Finance Committee, raised concerns about a potential gap in coverage when the School Committee decides to abandon the property and when the Town officially takes possession. He emphasized the need for the Select Board to consider the date when the risk of loss passes to the Town, highlighting that adequate preparations for liability insurance and fencing are essential.

Reed pointed out that there could be a couple of months where the Town might not be fully protected, which could expose it to significant risks. His comments underscored the importance of ensuring that the Town is adequately covered during this transition period.

In a related note, another participant referenced a metaphor about "lanes in a holding pattern over an airport," suggesting that timing is a crucial factor that all involved groups must navigate effectively. This discussion reflects the Town's ongoing efforts to manage its assets responsibly and ensure that all necessary precautions are in place.

As the Town moves forward, the implications of this timing issue could affect not only the Peabody School property but also broader discussions about housing and community resources in Concord. The Town will need to address these concerns promptly to safeguard its interests and those of its residents.