Real estate committee refers proposed sale of former Sylvia School to full council amid procurement concerns

The Fall River Real Estate Committee voted to refer to the full City Council, with a positive recommendation, an order authorizing the mayor to execute a purchase-and-sale agreement and, upon satisfaction of contingencies, a quitclaim deed conveying the former Sylvia School to Thomas Alva Edison Building LLC.

Attorney Matthew Thomas, special counsel for the city of Fall River, told the committee the order before the committee would authorize the corporation counsel to draft a purchase-and-sale agreement that incorporates the development benchmarks and conditions from the request for proposals, and that the mayor would be authorized to execute the deed once contingencies are satisfied. “The order that was submitted is that the mayor is hereby authorized to execute a purchase and sale agreement in a form acceptable to the corporation counsel for the sale of the former Sylvia School… to Thomas Alva Edison Building LLC,”…