The North 40 story is still far from over, even though the town of Wellesley last month agreed to buy the property from Wellesley College for $35M. Here’s what’s next, according to a message from the Board of Selectmen:
Please join the Board of Selectmen on SUNDAY, JANUARY 11, 2015 at 1:00 pm in the Wellesley High School Cafeteria or THURSDAY, JANUARY 15, 2015 at 7:30 pm in the Great Hall at Town Hall for a public information session to discuss the Special Town Meeting Article to acquire the North 40 through the use of Community Preservation Funds and a debt exclusion.
The Selectmen signed a Purchase and Sale Agreement on December 18th to acquire the North 40 from Wellesley College for $35,000,000. The meeting will discuss the vision conducted by the North 40 Steering Committee, the Purchase and Sale Agreement, and the financing of the acquisition in detail.
Information on the Purchase and Sale Agreement, North 40 Steering Committee, and visioning efforts can be found at www.wellesleyma.gov/North40 .
Residents unable to attend the public sessions should watch the Board of Selectmen meeting on January 5, 2015 on Wellesley Media (Comcast Channel 9, Verizon Channel 39) for a presentation on the Purchase and Sale Agreement and financing. Residents are encouraged to email questions and comments to [email protected]
A subscription list has been created for the North 40 to provide updates, including the posting of any new documents. To subscribe visit www.wellesleyma.gov/subscriber and choose The “North 40” Property.