Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate topic
No spam. Unsubscribe anytime.
Council authorizes mayor to execute 48‑hour option to secure property for consolidated town services
Summary
To prevent the town from losing a negotiated opportunity, the council authorized the mayor to execute an option agreement giving the town 48 hours to lock up a parcel being considered for consolidation of building inspections, planning, code compliance and training; the motion carried unanimously.
The town attorney informed the council on April 21 that a seller who had negotiated terms with the town reported another potential buyer had appeared. To preserve the negotiated price and allow the council time to review a purchase contract at the May 5 meeting, the attorney asked for authority to execute an option agreement that would reserve the property for the town for 48 hours.
Council moved and seconded authorization for the mayor (or town manager, as moved on the record) to execute the option agreement so the town could return on May 5 with a purchase contract for formal consideration. The motion passed unanimously.
Town staff said the targeted property would be used to consolidate several town services, including building inspections, planning, code compliance, public safety training and other administrative functions. The purchase contract, if approved on May 5, would include a standard inspection period allowing the town to terminate the purchase if inspections revealed material defects.
