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Norwood finance commissioners endorse $7.25 million purchase of farm parcel for open space; funding source to be set later
Summary
The Town of Norwood Finance Commission voted Oct. 30 to recommend the purchase of a farm parcel proposed in warrant Article 7, directing staff to finalize funding options before town meeting.
The Town of Norwood Finance Commission voted unanimously Oct. 30 to recommend the purchase of the parcel described in warrant Article 7 as an open‑space acquisition, with the funding source to be determined later.
The recommendation covers the Article 7 purchase as presented on the pink sheet: staff identified proposed funding as proceeds from the Forbes Estate (about $6,176,000) plus approximately $1,077,848 in certified free cash, for a combined total of $7,253,848. Commissioners asked staff to return with firm appraisal and borrowing scenarios before the town meeting to allow public discussion of alternatives.
Town Manager Tony Mazzuco told the commission the town…
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