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Select Board accepts $109,000 offer for tax-foreclosed property, authorizes town manager to close sale

5907720 · August 5, 2025

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Summary

The Select Board voted to accept an offer of $109,000 from Michael Riley and Kathleen Gural for a tax-foreclosed property previously owned by Susan Vallow and authorized the town manager to execute required sale documents and contracts.

The Select Board voted on July 29, 2025, to accept an offer of $109,000 for a tax-foreclosed property formerly owned by Susan Vallow and authorized the town manager to sign and finalize the sale documents on the town's behalf.

Town staff told the board the property had been placed for sale and the town received an offer at the advertised price. A motion to accept the offer of Michael T. Riley and Kathleen Gural for $109,000 passed with a motion and second; the board also authorized the town manager to "effectuate all contracts" necessary to complete the sale. Staff said the goal is to close the sale before the end of August and that the transaction is expected to be a cash closing.

Why it matters: Acceptance of the offer resolves a tax-foreclosure matter and returns the parcel to private ownership while generating revenue for the town.

Next steps: Town staff will proceed with required closing documents and said they expect to complete the transaction by the end of August.