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EDA reviews draft contract to sell 6 acres on Stoney Brook Lane; no action taken
Summary
The EDA reviewed a draft purchase contract for the sale of 6 acres on Stoney Brook Lane to William Metcaff but took no action, agreeing to send questions and suggested edits to counsel for clarification.
EDA members reviewed a draft real estate purchase contract between the EDA and William Metcaff for the sale of 6 acres on Stoney Brook Lane (Tax Map No. 42A5-A-79) but did not approve it at the June 22 meeting.
The minutes report that members "not[ed] several questions they had about the draft contract as well as suggestions for edits" and by consensus agreed to reach back out to Botkin Rose with questions. No motion or vote was recorded; the item remains in an informational or review status pending counsel feedback.
The minutes do not specify the proposed sale price or closing timeline; EDA members requested clarifying edits and follow-up with legal counsel before any formal action is taken.
