News Articles

December 1, 2020

 

Re:  The Sale of vacant POASI-owned land to abutters

 

Recently, the Board of Directors (“Board”) did an extensive review of the land that is POASI owned. As part of this exercise, the Board identified several lots that they would be willing to sell to an abutting homeowner, thereby allowing one to add to their land footprint and more importantly, prevent future building on those lots. Maintaining and preserving greenspace is clearly an objective of the current Board, but that objective could always change in later years. 

 

Accordingly, the Board is offering the sale of these vacant lots to an abutter.  Based on the most recent update by the town of Moultonborough, the current assessed value of these properties depends upon its size and condition. Because these lots will become part of the abutters property and will not support another home in Suissevale, the Board is offering these lots considerably less than the assessed values. As you can see, the Board is quite motivated to sell these lots and help you maintain the space and privacy you have enjoyed with your home.

 

If you are an abutter to one of the lots that have been identified for this sale, you will be notified by the Business Office with the details of the potential sale. The current taxes on the lots for sale will be made available, including the taxes currently paid. When these lots are combined with the abutters land, this will create green space as this lot cannot have another home built on it.  Also, assuming the abutters are interested, we can discuss the possibility of POASI helping to finance this transaction.

The Board has not taken a proactive approach to selling its lots in the past. However, we believe the timing is right to make this offer and afford you the opportunity to secure your privacy and expand your property. The Board wants to continue to preserve greenspace within Suissevale, prevent further impact on our infrastructure from new building, and even raise some capital for our ongoing 5-year planning.

 

Tom Clough, Committee Chair

The sale of vacant lots to abutters