FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to authorize the expenditure of up to $25,000 from Account # 21090305-58920 (Acquisition of Open Space) for the demolition, waste fees, well abandonment and septic abandonment at 334 Colonel Ledyard Hwy.
In addition, upon the sale of property at 332 Colonel Ledyard Hwy, authorize the appropriation of the same expended amount back to Account #21090305-58920 (Acquisition of Open Space).
The aforementioned to be done in preparation of transfer of ownership to Avalonia Land Conservancy for parking for the Founder's Preserve.
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Background:
At a Special Town Meeting held on October 29, 2020 the townspeople approved to convey the transfer town-owned property located at 332 Colonel Ledyard Highway, Ledyard, approximately 96.52 +/- acres (Founders Preserve) to the Avalonia Land Conservancy to remain open to the public for passive recreation and to be protected in perpetuity under the Conservancy's care.
To date the property transfer has not taken place because there was not adequate access to the Founders Preserve property (332 Colonel Ledyard Highway) due in part to a boundary line adjustment made by the prior developer of the so-called "Founders Preserve".
During the past three years the Town has acquired the following properties:
* 332 Colonel Ledyard Highway thru a Foreclosure; and
* 334 Colonel Ledyard Highway thru a Blight Lien deed in lieu of foreclosure (January 25, 2023)
The town would be working to return the property boundary lines for 334 Colonel Ledyard Highway back to the original property lines, which would return a portion of the property where the detached two car garage currently sits back to the property located at 332 Colonel Ledyard.
By separating 332 Colonel Ledyard Highway from the Founders Preserve and conveying 334 Colonel Ledyard Highway to Avalonia Land Conservancy that Avalonia would gain access to the property and enough space for a parking area for about 12 ca...
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