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Council adopts $25 million loan order to purchase 164.56 acres across multiple parcels
2311147 · February 13, 2025
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Summary
Peabody City Council voted unanimously to adopt a $25,000,000 loan order authorizing the purchase of approximately 164.56 acres across several parcels and to permit the treasurer and mayor to take necessary borrowing actions under Massachusetts law.
The Peabody City Council adopted a $25,000,000 loan order to finance the purchase of multiple parcels totaling approximately 164.56 acres.
The loan order, read and moved on the floor, lists a series of property descriptions by…
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