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Select Board weighing town’s right of first refusal on 46 Taylor Road parcel
Summary
A Select Board member told the Finance Committee the town has 120 days to decide whether to match a bona fide $1.4 million offer for a 5.8-acre Chapter 61B parcel adjacent to the arboretum; wetlands mapping, appraisal and funding sources remain unresolved.
David Martin, a Select Board member, told the Finance Committee that the Select Board received a bona fide purchase-and-sale offer of $1,400,000 for a 5.8-acre parcel at 46 Taylor Road and is considering whether the town should exercise its Chapter 61B right of first refusal.
Under Chapter 61B, which provides reduced tax assessment for land used for open-space or forestry purposes, towns are entitled to the right of first refusal when a covered parcel is sold. Martin said the town has 120…
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