Select Board enters due diligence with developer for former Carnegie Library
Summary
The Select Board signed a Land Development and Due Diligence Agreement with Paramount Development for the former Carnegie Library; the due diligence period began July 27, with the town and developer engaging design consultants and the Historical Commission on exterior changes.
Town Administrator Fred Turkington told the committee the Select Board has executed a Land Development and Due Diligence Agreement with Paramount Development for the proposed redevelopment of the former Carnegie Library, and that the due diligence period began July 27. He said the developer has retained engineering and design consultants and has started discussions with the Historical Commission about proposed exterior modifications.
Turkington said the town has retained an appraiser and expects to obtain an appraisal after preliminary design work to support any future purchase-and-sale negotiations if both parties proceed. Committee members including Mr. Miller and Library Reuse Committee Vice Chair Judy Crosby emphasized preserving the building’s historic character while accommodating proposed residential use.
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