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GRA authorizes city‑commissioned appraisals as land‑sale talks proceed with Cumberland Farms and other parcels
Summary
The Gardner Redevelopment Authority voted to commission appraisals (budgeted up to $4,600) after the owner of the Cumberland Farms parcel said it would seek fair‑market value; the board also received appraisals for 155 Mill Street and 85 Winter and paid an environmental premium estimate.
The Gardner Redevelopment Authority voted to have the city commission appraisals for property under negotiation after the current owner of a Cumberland Farms parcel told the board it would not sell for less than fair market value. The board authorized moving forward with an appraisal and covering the cost, which the director estimated at up to $4,600.
The item opened with the director saying Cumberland Farms 'is not looking to sell the property for less than fair market value' and explaining that the original letter of intent had contemplated a nominal $1 sale paired with a perpetual easement for 10 employee parking…
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