Private party outbids town for Main Street site

KENT — Shortly after submitting a bid for the property at 60 N. Main St. (formerly Town and Country Chevrolet), the town was outbid by a new, private bidder. 

Last summer, a real estate agent approached First Selectman Bruce Adams and told him the asking price for the 1.6-acre lot in the center of town had dropped to $495,000. 

Adams submitted an  application to the state for a $500,000 state grant to purchase the land. Within several weeks, the town was informed it had received the money.

At a town meeting Oct. 2, taxpayers voted in favor of using the grant to purchase the land.

State grant regulations require that the town pay no more than “fair market value” (which is determined by two separate appraisals) for the property. Appraiser Patty Braislin valued the property at $357,500; an independent company, Bruce Hunter Associates, appraised the property at $330,000.

The selectmen approved an official bid from the town of $357,500. The property owners countered with a request for $400,000. 

But then a second, private bidder came into the picture and outbid the town with an offer higher than the $400,000. The identity of the bidder is unknown, although in an interview Adams said he had been assured by real estate agent Paul Dooley that the bid was for something that would “benefit the town.”

The deal is not official, however. The party still needs to generate the necessary funds to complete the purchase. 

In case the deal falls through, Adams said, the town will look to generate the extra $43,500 from private donations so it can meet the $400,000 counteroffer from the property owner.

There is no official plan yet for what the town will do with the land, if it ends up owning it. At the Oct. 2 meeting, Adams made suggestions that included turning the space into a town Green that could feature recreational options such as horseshoes, music concerts and outdoor movie nights. 

There might also be a public building that could house public restrooms, a visitors center, storage and, perhaps, showers for Appalachian Trail hikers. 

The option of flooding the land to create a public skating rink was also discussed.

Adams said it could cost as much as $600,000 to execute some of those plans. 

A committee would be created to develop an official plan to be approved by taxpayers.

If the town is unsuccessful in purchasing the property, the $500,000 STEAP grant can be used to purchase another piece of land or, with proper documentation and approval by the state, used for an entirely different project.

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