Yentile Farm Purchase Finalized by Selectmen
During busy Tuesday meeting, members signed paperwork with closing date of June 6.
Tuesday’s Board of Selectmen meeting was a busy one.
In addition to naming Jeff Hull as the next Wilmington Town Manager and discussing the latest petition of the high school project by a group of 13 residents, board members also finalized the purchase of Yentile Farm.
Louis M. Ross of Deutsch/Williams finalized the paperwork with board members, who signed off on the purchase that was approved at Annual Town Meeting earlier this month.
No formal discussions have been held to decide what will be developed on the land. The land, however, was purchased with the intent to construct more fields for the youth sports in town.
“I think this is a great thing for the Town of Wilmington,” said selectman Mike McCoy. “This property was set to go for over $3 million at one time and the town got a great deal on it. It’s a great day.”
The money to purchase the 20.3 acres of land will be held in escrow until the closing date, which was set as June 6.
“There are a few occasions where I feel like we’re doing something quite remarkably positive for the community, and this is one of those nights,” said board member Mike Champoux. “We’ve dotted our I’s and crossed our T’s. I have all the assurances from Mike Caira and the employees of the town that this is the right move to make."