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Select board signs loan agreement for town purchase of Munger property; conservation commission readies survey and grant paperwork
Summary
The select board has signed a loan agreement enabling the town to buy the Munger property for $225,000, and the Conservation Commission is preparing survey work, grant paperwork and deed formalities ahead of a potential September closing.
The Brentwood Conservation Commission was briefed on the status of the town’s planned purchase of the Munger property, including financing and next administrative steps. The commission was told the select board has signed a loan agreement for $225,000 with a 15‑year term and annual payments of about $15,000; the loan application and bond are being put out to banks for bid and the interest rate in the loan package was set not to exceed 4.75 percent.
Commission members discussed timing for closing and next procedural steps. The presenter said closing could occur as early as September if bond…
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