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Affordable Housing Trust approves purchase-and-sale agreement for 10 Parker Lane and 55 Fairgrounds Road
Summary
The Town of Nantucket Affordable Housing Trust voted March 18 to approve a purchase-and-sale agreement for properties at 10 Parker Lane and 55 Fairgrounds Road and authorized the chair to sign the agreement subject to approval as to form by town council; the board then moved into executive session to discuss real-property negotiations.
The Town of Nantucket Affordable Housing Trust voted March 18 to approve a purchase-and-sale agreement for 10 Parker Lane and 55 Fairgrounds Road and authorized the chair or designee to sign the agreement, subject to approval as to form by town council.
The vote followed a presentation of the agreement and a reading of a proposed motion to approve the form of the purchase-and-sale agreement. The motion was moved by Meg Brouwer and the form of the motion was read aloud during the meeting. Board members voting aye on the motion included Forrest Bell, Abby Di Molina, Meg Brouwer, Tom Dixon and Brian Sullivan. Penny Dye had recused herself from the related agenda item and was not recorded voting on the motion.
The motion recorded that approval was "subject to approval as to form by town council," as read during the meeting; no further conditions or contingencies were listed on the record. After the vote, trustees moved to return to other business and were later asked to adjourn the regular session to enter executive session for the purpose of considering purchase, exchange or lease of real property. That motion to go into executive session was seconded by Abby Di Molina and approved by roll call, with trustees recorded as voting aye: Abby Di Molina, (Adam/ Tom) Dixon, Meg Brouwer, Forrest Bell and Brian Sullivan.
No sale price, closing date or additional contract terms were read into the public record during the portion of the meeting recorded in the transcript. A staff speaker noted that the version of the contract in the packet was dated "February 2025" and that the date would be conformed to the actual date of execution.
The board’s actions on the agreement were taken during the meeting’s public portion; the subsequent executive session was scheduled to allow trustees to discuss negotiated terms in private, consistent with the stated purpose taken on the record.
The trust did not vote on any other purchase or disposition actions on the public record during this meeting.
