2010-04-08-CPC-min - Laserfiche WebLink

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the driveway was still in Cataldo us. Mr. Kelley responded that this was part of the agreement. There had been confusion about the possible uses for the Cataldo land, and Mr. Bartenstein asked for some clarification on this point. Mr. Kelley explained that initially the Cataldo’s had wanted the land to be designated for only conservation purposes, but that there was now no restriction on the land. There were continuing questions about the appraisals, and particularly about the discrepancy in the values, some $700,000. Mr. Charley Wyman, who has been associated with the negotiations, and who works in the field of land preservation, responded to this question. He stated that it is not uncommon for appraisals to come in at different values, and cited a land purchase on Cape Cod with the very same appraisers, where the values came in exactly the opposite – our low appraiser was higher, and our higher appraiser gave the lowest value. In response to a question from hearing participants, Mr. Kelley explained that the purchase could be paid for with cash and bonding, or by fully bonding. He said if the purchase were bonded, however, it would not be as an aggressive bonding schedule as with the purchase of the Busa property. There being no further questions or discussion, the hearing was closed at 8:45 pm. Respectfully submitted, Nathalie Rice Administrative Assistant Community Preservation Community 3