CONTRACT/LEASE
Subject/Motion:
title
MOTION to approve a proposed "Lease Agreement between Robert and Mary Graham and the Town of Ledyard" for the lease of approximately 0.8 +/- parcel on Bush Pond as presented in the draft dated December 19, 2022.
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Background:
Robert and Betsy Graham purchased a parcel of land on the twenty-three-acre Bush Pond which was parallel to Long Pond.
Mr. and Mrs. Graham removed a number of the dilapidated cottages and cleaned up the property.
Mr. and Mrs. Graham have offered the Town an opportunity to enter into a long-term lease for 0.80+/- acre portion of the parcel with approximately 550 linear feet of the pond frontage for public access.
Initially Mr. and Mrs. Graham wanted to gift a portion of the property to the Town. Due to Health District requirements, a certain portion of property must remain as a reserve area for the remaining cottages on the parcel (one cottage on the south side and three cottages on the north side). Given that, a direct donation of the ownership of the parcel was not possible.
The Terms of the proposed Lease was for 99-year Lease at a cost of $10.00 per year and included the following caveats:
1. There shall not be any construction of a building on the parcel.
2. The town would be allowed to erect a gazebo.
3. The town would be allowed to place a port-a-john on the property seasonally.
4. Non-motorized activities would be allowed at the Bush Pond- Lantern Hill Valley Waterfront Park such as fishing, picnicking, canoeing, and kayaking."
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The parcel would be under the Administrative Control of the Parks & Recreation Department
In accordance with Ordinance #200-009 "An Ordinance Providing For The Transfer of Certain Revenue From The Real Estate Conveyance Tax to Specific Town Of Ledyard Funds"
".......A sum equal to forty percent (40%) of the money thus received shall be deposited to Fund 8, the Parks and Recreation Capital and Non Recurring Expense Fund; an additional forty perc...
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