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Finance Committee Minutes - Executive Session <br /> February 12, 1991 - 8:10 p.m. - 8:35 p.m. <br /> Kevin Harrington stated that the town is presently in a dispute with <br /> Fields Point over ownership of a 17 acre parcel of land. This is scheduled <br /> to go to Superior Court sometime in March. Kevin and Fields Point are <br /> currently trying to work out an agreement whereby the parcel of land will <br /> be assessed and Fields Point would agree to lease the Queen of All Saints <br /> Church building to the town for a five year periord for $1 per year. <br /> Fields Point will also take $50,000 and rennovate the building for the <br /> town to be used as a recreational facility. The town will be responsible <br /> -for the operating expenses. At the end of the 5-year period if the <br /> recreational facility has not worked out well the town can get the <br /> balance of the price of the property (estimated balance $250,000) or <br /> if the facility has proved a good move for the town then they can keep <br /> on renting it at a $1 per month. <br /> Keving stated that for the amount of money involved it is a great <br /> deal. If the town goes to court they run the risk of losing everything. <br /> He noted that Dean will need $4,500 in expenses to run this facility. <br /> Kevin noted that there is a great deal of potential here and that Dean <br /> Driscoll the Leisure Services Director has drafted a plan of activities. <br /> I <br />