"Talks have begun regarding a possible condominium development on Pond Street, though the matter will not come before the Town Council again this month.
Earlier this month, the council took a non-binding straw poll vote in favor of an 85-unit development on a town-owned, 33-acre property on the street. The proposal would have a developer purchase the land for about $1.65 million. The council decided to have town staff draft a formal resolution, which would be voted upon at a future meeting.
Town Administrator Jeffrey Nutting said that there had been some progress in talks with the developer.
"We had an initial meeting just yesterday," he said Wednesday. "There will probably be a follow-up next week."
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An annual Town Meeting warrant article asking residents to approve a $75.2 million payment-in-lieu-of-taxes (PILOT) agreement with Exelon is currently a placeholder pending a state board’s decision on allowing the company’s proposed expansion to move forward, selectmen and town officials said Tuesday.
Town Administrator Michael Boynton, while going over the May 9 special and annual Town Meeting warrants, suggested that if the article goes forward, it should be first.
“It’s going to be the biggest discussion of the night,” he said.
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