44. Leasing or Sale of Town-Owned Building - 4 West Main Street

Article 44: To see if the Town will vote to authorize the Select Board to lease or sell the Town-owned property at 4 West Main Street, on such terms and conditions as the Select Board deems to be in the best interest of the Town; and further, to authorize the Select Board to enter into agreements and execute any documents necessary to effectuate the purposes of this Article, including the ability to discontinue negotiations and/or reopen the request for proposals process if the Select Board determines that the terms presented are not in the best interest of the Town, or take any other action relative thereto.

Explanation: The Town currently owns the property at 4 West Main Street. The cost of maintenance and upkeep has become a financial burden. Without significant investment, the building’s condition may decline, leading to further expenses. Selling or leasing the property to a responsible party would relieve the Town of ongoing costs while creating opportunities for economic development. Approval of this article would allow the Town to explore potential buyers or lessees who would invest in and revitalize the property, benefiting the community and local economy. This authorization also provides the Select Board with flexibility to discontinue negotiations or reopen the RFP process if proposed terms are not favorable to the Town.

Votes Needed to Pass: Majority

Relevant Discussion for This Article

Summary of RFP Responses: Select Board April 6, 2026

Select Board Vote: April 10, 2026