Friday, February 5, 2010

Hamp City Council Approves Almost $1M for Farmland

After several months debate, the Northampton City Council has approved an expenditure of $990,000 for a portion of 145 acres of farmland in Florence for mixed use including farmland, according to the Daily Hampshire Gazette. The money will be appropriated the CPA (Conservation Protection Act) funds. An initial deposit of $80,000 from the CPA's reserve fund has been approved. The remaining $910,000 will be borrowed over a 15 year period, according to the Gazette. 

With an assessed value of approximately $2.475 M, the balance of which is expected to come from grants and other fund raising, the 145-acre acquisition is not a done deal. The Trust for Public Land has partnered with the City to negotiate with the sellers to finalize the transaction.

Read the entire story as reported above the fold in today's edition of the Daily Hampshire Gazette...
(Photo by Seth Gregory)