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Select Board accepts $25,000 bid for 229 Pine Street
Summary
The Select Board voted 5-0 to accept Latendresse's $25,000 bid for 229 Pine Street after a brief discussion of bidders' intentions; town manager and board members discussed controlling property use and potential future equity concerns.
The Town of Rumford Select Board voted unanimously to accept a $25,000 bid from Latendresse for town-owned property at 229 Pine Street. The motion, made by Brennick and seconded by Theriault, passed 5-0.
Board members discussed each bidder’s plans for the property. Latendresse told the board he intends to flip the property; another bidder, identified only as Mr. Tag, had not clarified his intentions. The chairman and Town Manager George O'Keefe weighed the benefits of awarding the property to each bidder and emphasized that awarding the bid transfers ownership but does not guarantee future municipal support for changes. The board approved Latendresse's bid to complete the sale.
The Select Board did not specify additional sale conditions in the minutes; the sale will proceed under the terms presented at the meeting.
