City of Ledyard CT header
File #: 24-0963    Version: 1 Name:
Type: Financial Business Request (FBR) Status: Agenda Ready
File created: 10/30/2024 In control: Town Council
On agenda: 11/13/2024 Final action:
Title: MOTION to authorize the Mayor to issue a "Letter of Commitment" to Avalonia Land Conservancy, Inc., in response to their request of $80,000 from Account #210-101210-12101-58920 (Open Space Fund) to provide financial support with the acquisition of 154 Stoddard's Wharf Road 35.95+/- acres of Open Space; to be payable to Avalonia Land Conservancy, Inc, Seller or closing law firm at the time of the closing.
Attachments: 1. Map- 154 Rte 214 et al 10-31-24 w markup

FINANCIAL BUSINESS REQUEST (FBR)

 

Motion/Request:

title

MOTION to authorize the Mayor to issue a “Letter of Commitment” to Avalonia Land Conservancy, Inc., in response to their request of $80,000 from Account #210-101210-12101-58920 (Open Space Fund) to provide financial support with the acquisition of 154 Stoddard’s Wharf Road 35.95+/- acres of Open Space; to be payable to Avalonia Land Conservancy, Inc, Seller or closing law firm at the time of the closing.

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Background:

 

The funding level in the Open Space Account is in excess of $501,000.

 

Department Comment/Recommendation:

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Finance Director Comment/Recommendation:

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Mayor Comment/Recommendation:

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