Falmouth Lyberty Green Purchase Would Require Debt Exclusion

FALMOUTH – The possible purchase of the Lyberty Green property by the Town of Falmouth would most likely require approval by voters at town meeting and at the ballots.

The town is eying the parcel as a possible location for an affordable housing development and the cost would most likely require a proposition 2 ½ override, according to Town Manager Julian Suso.

“I would say the likelihood is significant that we would need to be considering a debt exclusion which if we went forward to town meeting in November it could be scheduled for the following May,” Suso said.

Town Counsel Frank Duffy recently outlined the process to selectmen and says he does not know how much the property would cost.

“I imagine the developer is not only going to be looking not only for the cost of the land but to recover the cost he put into it to,” Duffy said. “So it’s probably going to be more than our appraisal but we’re going to deal with that when it happens.”

Under Chapter 30B requirements of the state law, the town cannot directly negotiate with the Lyberty Green property owner and must issues a request for proposal.

The RFP would allow submissions from other property owners and developers. The town will then be able to select from the proposals submitted and then negotiate a purchase price.

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