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Stamford approves purchase of YMCA building at 10 Bell Street and $5.3 million appropriation
Summary
The Stamford Planning Board unanimously approved a purchase-and-sale agreement to acquire the YMCA property at 10 Bell Street for $3.65 million and authorized a $5.3 million supplemental capital appropriation to complete the transaction and initial work. City staff outlined three operating scenarios and estimated renovation needs; title clearing remains a precondition for closing.
The Stamford Planning Board voted unanimously Feb. 11 to approve a purchase-and-sale agreement for the property commonly known as the YMCA of Stamford at 10 Bell Street and to appropriate $5,300,000 in capital nonrecurring funds to complete the transaction and initial work.
City counsel and staff described the purchase price as $3,650,000 and said the city has made $55,000 in deposits. The property is one unit in a two-unit condominium association; the other unit is a hotel. The agreement remains contingent on standard conditions, including board…
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