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FinCom holds off on recommendation for two residential parcels (Article 8) pending appraisals and funding analysis
Summary
Commissioners discussed Article 8—two adjacent residential parcels the town is considering for open space and access—but deferred a recommendation until appraisals arrive. Staff reported a not‑to‑exceed figure of $1.8 million on the yellow sheet and said appraisals were expected imminently.
The Town of Norwood Finance Commission discussed warrant Article 8, which covers two adjacent residential parcels near the airport and other town‑owned open space, but did not make a recommendation on Oct. 30 pending receipt of residential appraisals.
Staff described the Article 8 figure on the warrant as a not‑to‑exceed $1,800,000. Commissioners heard staff explain that residential appraisals typically track closer to market and that the final offer would hinge on the appraisal and the…
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