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Appointed by and reports to: Board of Selectmen
-- 3 local residents with professional real estate-related experience (i.e. real estate agent, real estate attorney, appraiser, surveyor)
-- 2 local residents
Other staff assistance:
Director of Planning
Term ends: Indefinite
Board will evaluate the Committee at that time and determine a term going forward
This committee will:
Review various real estate matters referred to it by the Board of Selectmen, including but not limited to:
-- the taking by eminent domain of any real estate (excluding routine easements for Town projects such as bike paths, roads)
-- the review of any “Yard Sale” transactions, including the setting of minimum bids, the appraisal value(s), and any sales of Town property to private parties
-- the review of real dispositions proposed for, or submitted for, town meeting consideration (including Town and citizen-sponsored warrant articles) as requested by the Board
-- a review of how the Town issues Request for Proposals (RFPs) for property dispositions, as related to pricing.
The committee’s review will result in a written evaluation to the Board, which includes “pros and cons” of the transaction.
The Real Estate Assessment Committee is a public body and Open Meeting and Conflict of Interest Laws apply.