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Board forms ad hoc committee to market terminated properties; appraisal to be circulated
Summary
After termination of an option on several properties, the HCDPA board created an ad hoc Property Disposition committee to evaluate and market remaining parcels, review code/buildability, and recommend whether to use a broker or RFP process.
The Hudson Community Development and Public Agency (HCDPA) board formed an ad hoc Property Disposition committee on April 25 to evaluate and sell remaining properties whose prior option agreements were terminated.
Board member Dominic said the agency needs to “move quickly” to put remaining properties on the market after the audit disclosed a contingent liability tied to the option agreement. The board discussed past attempts to sell…
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