2012 CPA Report #552012 CPA Annual Report
CPA #55 - Nton Cons Comm - Broad Brook Gap
Please consider this our summary of 2012 CPA activity regarding the Broad Brook Gap acquisition. In 2012, after we signed a contract for CPA funds, we: 1. Were able to use the CPA
funds to leverage a large PARC grant that will pay approximately 50% of the entire project. 2. We negotiated an amendment to our Option to purchase the property to remove a stump we
don't want to purchase and reduce our purchase price. 3. We obtained clarification from the CPC that the Broad Brook Gap includes the Kubosiak and the other three parcels that make
up the Beaver Brook Gap, and are therefore eligible for using CPA funds. 4. We completed our title abstract and environmental site assessment on the Kubusiak property In 2013, we will: 1.
Survey the Beaver Brook Gap area to support all Beaver Brook Gap purchases (approximately $27,400) 2. Purchase the Kubosiak parcel (approximately $240,400) 3. We believe (although
we have not yet signed a contract) that we will purchase a second of the Beaver Brook parcels (approximately $21,400). We expect to close out the grant by the end of 2013, but we reserve the
opportunity to use 2014 to complete our purchases.