PURCHASE OF LAND FROM CSX FOR RAIL TRAIL EXTENSION AUTHORIZATION AND APPROPRIATION
WHEREAS, the Town of Franklin, acting by and through the Franklin Town Council, desires to acquire by purchase, the land of CSX Transportation, INC of approximately nineteen point five one (19.51 acres) of unimproved land located at Grove Street to Union Railroad line, Franklin, County of Norfolk, Commonwealth of Massachusetts, shown on Franklin Assessor’s maps: Map 287 Parcel 073 (5.7
acres) and Map 295 Parcel 014 (10.4 acres) and Town intends to acquire all of said land for an agreed upon purchase price of two million, five hundred and seventy thousand dollars ($2,570,000); and
WHEREAS, the Town’s purchase of said land will permit extension of the existing SNETT Rail Trail for public recreation.
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| Purchase of Land from CSX |
NOW THEREFORE, BE IT RESOLVED that the Town of Franklin purchase approximately nineteen point five one (19.51) acres of land at Grove Street to the Union Railroad line, Franklin, County of Norfolk, Commonwealth of Massachusetts, shown on Franklin Assessor’s maps: Map 287 Parcel 073 (5.7 acres) and Map 295 Parcel 014 (10.4 acres) for the sum of two million, five hundred and seventy thousand dollars ($2,570,000); to permit extension of the existing SNETT Rail Trail for public recreation, and that the Town Administrator, in consultation with the Town Attorney, be authorized to execute a purchase and sales agreement containing said price and such other terms and conditions as the Town Administrator determines to be in the Town’s interest and execute any other documents and take any other action necessary to consummate the purchase, and BE IT FURTHER RESOLVED that the sum of one million nine hundred forty nine thousand seven hundred and fifty dollars ($1,949,750) be appropriated from the Open Space Stabilization account to fund said purchase, together with related engineering, legal, and other closing expenses, if any.
Said transfer is to be combined with ARPA funds in the amount of six hundred twenty thousand two hundred and fifty dollars ($620,250). For a total authorized funding of two million, five hundred and seventy thousand dollars ($2,570,000).
This Resolution shall become effective according to the provisions of the Town of Franklin Home Rule Charter.
The resolution document also contains the map of the proposed rail trail purchase
