Committee on Real Estate 11 5 24

or any person may make an audio or video recording of this public meeting or may transmit the meeting through any Med medium excuse me attendees are there for advised that such recordings or Transmissions are being made whether perceived or un perceived by those present and are deemed acknowledged and permissible so first item we have is our citizens input no sign move on to number two the minutes

from a prior meeting May 28th 2024 motion to approve second all in favor I I and our third is um in order it's a request from the administration for the authorization uh for the transfer of three possible aples of vacant land currently held in tax possessions by the water board so for this point I really just would request Mr Thomas if you want to come down please sure motion to lift from the table second all

in favor I I'm just looking for a u quick update quick update yes sir good evening Mr chairman good evening counselor uh basically before you was a request to transfer three landlock vacant pels of low value land that were acquired by the city on November 6th 1935 to the wupa water board the reason that we're looking to do that is the wupa water board has looked at these they believed that they would be

beneficial for the city's Watershed protection and in order to provide article 97 protection to the apostles so that they can truly be protected for um Watershed protection the law requires us to transfer them to them so um we had thought back in 2009 um the assessor had started to assess them again as owners unknown in April of 2023 there was a party who actually claimed they owned them but they

couldn't produce a DE that led us to take a look at the owner unknown aples and we determined that the city had in fact acquired them back in 1934 uh 1935 uh in October of 2023 we had had ongoing conversations myself and Mr laasia the Forester and um I explained to him the process that had to be followed because now that we were sure that we own them but I suggested

that he have a title examiner come look at them because in order to truly be sure we had never sold and we had to grantee uh grantour the name of city of Fall River from 1935 to the present and it was not cost effective to have me do that so they uh had David golden who's a very well-known title examiner did the title exam he confirmed that the city owned it and they had never been

conveyed out um at the same time I suggested to to Mr loosier um that we would need to have an appraisal because by law if we're going to transfer these we need to do it pursuant to an appraisal and that they should pay for the appraisal they had an appraisal done and it came back with a value of $330,000 um they had secured funding from the wup um from the um CPC and I

believe that information has been supplied to you on April 4th of 2024 um I received notice uh from U Mr furland that the were tough a waterboard voter to acquire the pels using the CPC funding these aples currently the three of them have a tax possession value of 28,35 we're conveying them for $30,000 so it's pretty uh good um it's it's pretty fair and um what we're asking is that you do that there really is no