FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to appropriate the proceeds in the amount of $260,895 from the sale of 332 Colonel Ledyard Highway to the following Accounts:
• $95,500.00 to Account #21040111-58240 (Building Renovations - Public Works)
• $110,000.00 to Account #21040101-57315 (Pooled Vehicles - Public Works)
• $3,193.85 to Account #10110203-56900 (Other Supplies - Administrative Support)
• $2,201.15 to Account #10110201-58790 (Contingency - Mayor’s Office)
• $50,000.00 to CNR Account #21090305-68290 (Open Space)
end
Background:
A special town meeting was held on September 27, 2023 to consider and vote upon the following:
“Shall the Town of Ledyard sell the town-owned residential property located at 332 Colonel Ledyard Highway to Leonard D. Sherman for Two Hundred and Eighty Thousand Dollars ($280,000)?
There were nineteen (19) people in attendance and zero (0) remote.
The townspeople approved the sale of the property in a unanimous vote.
(Please see attached documentation - Special Town Meeting Minutes)
The Town of Ledyard received proceeds from the sale of 332 Colonel Ledyard Highway in the amount of $260,895.
(Please see attached documentation - Purchase Sale Agreement 332 Colonel Ledyard Highway, 332 CLH Check 11.171.2023)
Department Comment/Recommendation:
(type text here)
Finance Director Comment/Recommendation:
(type text here)
Mayor Comment/Recommendation:
(type text here)