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Select board approves $4,000 bid for town lot contingent on buyer’s separate purchase and deed restriction
Summary
The Select Board accepted a $4,000 contingent bid from Kathy Smith for town-owned 65 Canterbury Shore Drive (Lot 71), contingent on Smith’s purchase and recorded deed of the adjacent Lot 72 and deed restrictions requiring eventual combining of the lots or limiting development.
The Canterbury Select Board voted to accept a $4,000 bid from Kathy Smith for town-owned Lot 71 at 65 Canterbury Shore Drive, contingent on her recorded purchase of the adjacent Lot 72 and placement of deed restrictions discussed in the meeting.
Kathy Smith told the board she intends to combine the two lots after acquiring Lot 72 so she can keep one larger lot and avoid overdevelopment. Town officials explained the town’s longstanding approach: the sale of the town-owned lot will include deed language requiring it to be combined with the purchaser’s adjacent lot, or to limit residential building on the second parcel.
At the meeting a Select Board member made and seconded a motion to accept Smith’s bid of $4,000 for Lot 71 contingent on the sale of Lot 72 and the deed restrictions; the board approved the motion. The board set a 90-day window for the purchaser to complete the first sale (Lot 72) and record the deed; thereafter the town will prepare paperwork for the sale of Lot 71 and the deed recording.
Town staff said the assessor will check Merrimack County registry of deeds to confirm recording and then the town will complete sale paperwork and record the new deed. Ending
The sale was approved with the 90-day contingency; staff will monitor deed recording and prepare the town sale documents once the purchaser’s deed is recorded.
