Board of Aldermen
Shelton, Connecticut
Regular Meeting
Thursday, February 14, 2008
To: Sandy Nesteriak, Ray Sous, Cyndee Burke, Tom Harbinson, Lou Marusic, Sharon Scanlon, (Teri McGehan – Robinson & Cole), Rick Schultz, Bob Kulacz
11.7 Purchase of Property (Subject to 8-24 Referral)
Alderman Papa MOVED to approve a contract between the City of Shelton and the Huntington Development Group, LLC for the purchase of real property known as 279 Soundview Avenue, Shelton, Connecticut, for a price of $2,224,500; with a gift from the seller of $100,000 for a net price of $2,124,500; with initial funding of $700,000. $200,000 is to come from the Open Space Account and $500,000 is to be provided by bonding pursuant to Section 7.16 of the City Charter; and further,
MOVED to authorize Mayor Mark A. Lauretti to execute any and all documents to effectuate same, subject to review by Assistant Corporation Counsel, and further, subject to a favorable 8-24 referral from the Shelton Planning and Zoning Commission; and further,
MOVED to appropriate the amount not to exceed $500 for a title search and $3,889 for title insurance with funding to come from the Open Space Account; SECONDED by Alderman Finn. A voice vote was taken and the MOTION PASSED 8-0.