Compiled by The Bedford Citizen
Bedford’s Municipal Affordable Housing Trust has discussed the Coast Guard Housing site on Pine Hill Road in executive session over many months. Now that the purchase and sale agreement for the 5.2 acre parcel has been signed, the Trust can publicly discuss the project and the recently-released Request for Proposal (RFP) to develop the site. The RFP is on the Trust’s agenda for Tuesday, November 1, in the second floor meeting room at Town Hall. The meeting begins at 7:30 pm, but the discussion of the Pine Hill Road property will begin shortly after 8 pm.
According to a post on the Town’s website, “The Town intends to acquire the Site and then immediately convey it to a developer, with the buildings and improvements thereon, for the purpose of redeveloping the Site as a residential home ownership development with a minimum of 10% of the total units eligible for inclusion on the Massachusetts Subsidized Housing Inventory.”
Based on a recently completed appraisal, the Town intends to convey the parcel for $3,900,000, the same price that the Town has negotiated with the United States Government.”
Bedford’s RFP will be widely advertised, and the Town will select the developer who can most effectively turn the vision defined in the 2014 charrettes into a reality. Click here to read the Executive Summary from those meetings. The proposals will be due in the Town Manager’s office by 2 pm on Wednesday, December 28, 2016.
Because of a restrictive covenant in the RFP, the Town reserves the right to reject any or all proposals deemed not to be in the best interest of the Town. According to Assistant Town Manager Michael Rosen, “A plan that suggests five homes on one-acre lots would be rejected since it wouldn’t meet the goals set forth by the Town.”
Loading ...
