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Pelham board authorizes contract to buy 29 Franklin Place; purchase to go to voters
Summary
The Pelham Union Free School District board authorized staff to negotiate a purchase contract for 29 Franklin Place and agreed to place a funding proposition on the May 20 ballot. The board also approved a SEQRA Type 2 finding for the acquisition; the district plans to use fund balance, not long-term debt, if voters approve.
The Pelham Union Free School District Board of Education authorized district leaders on March 12 to negotiate and sign a purchase contract for 29 Franklin Place and to place a funding proposition on the May 20 ballot asking voters to approve the acquisition.
The board approved a resolution setting a purchase price ceiling and allowing a deposit of up to 10 percent of the agreed price; the contract will require at least half of that deposit to be refunded if voters reject the purchase. The board also adopted a SEQRA Type 2 determination for the acquisition, a procedural finding from the state environmental review law indicating no significant environmental impacts are expected from buying and renovating the existing residence.
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