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Resident urges transparency over town plan to buy '2 School Street' and borrow up to $2 million
Summary
Stephen Jacobs told the Town Board that residents were not adequately informed about the proposed purchase of 2 School Street and possible borrowing, citing a January resolution and asking for clearer public updates.
During the public-comment period, resident Stephen Jacobs raised objections to how the town handled a proposed purchase of 2 School Street and a possible borrowing of as much as $2,000,000, saying the public has had no substantive update on the property's condition or funding source. Jacobs pointed to the board's January 13 resolution describing borrowing as 'for a limited purpose' tied to 2 School Street and urged the board to be more open and responsible.
The chair responded that the town has not closed on the property and that staff (Thomas) are in contact with closing agents; the chair also disputed media descriptions that funds would be used to buy other properties. Jacobs's remarks prompted follow-up from multiple residents seeking further clarity and prompted staff to promise more timely public updates.
