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Board deems three tax‑deeded parcels surplus, authorizes public auction with proceeds to Affordable Housing Trust Fund
Summary
The board approved declaring three tax‑deeded parcels surplus, authorized public auction using assessor minimum bids and solicitor‑conducted closings, and directed 100% of net proceeds to the Affordable Housing Trust Fund after satisfying outstanding balances and transferring 10% from Sheffield Road parcels to a reserve account.
The Manchester Board Mayor & Aldermen approved a plan to declare three tax‑deeded parcels surplus and dispose of them through public auction, authorizing the city to accept minimum bids set by the assessor, with the city solicitor’s office to conduct closings.
The board’s motion specified that 100% of net proceeds, after satisfying outstanding balances, be transferred to the Affordable Housing Trust Fund and that 10% from proceeds attributable to Sheffield Road parcels be moved into the tax‑deeded property reserve account. The motion also authorized the mayor to sign documents on behalf of the city and directed that the minutes of the nonpublic discussion be sealed.
The item was discussed during a nonpublic session; when the board returned to public session a motion containing the language above was read into the public record and approved. The motion passed and was forwarded to the full board meeting for processing. No dollar amounts for the parcels or minimum bid figures were included in the public transcript.
