You may have noticed this sign at the garage. As it indicates, the property is under agreement again. The agreement was signed on September 17. A knowledgeable source revealed that the terms call for a closing by December, 2011, giving the prospective owner more than a year to secure preliminaries. The source also suggested that this new buyer is interested in retail business development and will seek a zoning change. In light of this, I would think that they or their representatives will want to begin to make themselves and their plans known to town boards and offices soon. Stay tuned.
In related news, an attorney representing the JLS Family Trust, the current owner of the Smith property, halted potential Board of Health condemnation proceedings on the property when he announced at the Board meeting on Tuesday evening that the remaining tenant will be vacating within the next 30 days. An enforcement agreement that targeted two failed septic systems on the property has expired. That agreement had a generous five-year term and the property owner had made no effort to remedy the situation over that period. The Board had been considering taking action to condemn the property. The property will now be secured and will remain vacant until it is redeveloped or the owner replaces the failed systems.