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Prospect Ct Region 16 Land Purchase Vote Tuesday Oct 6th, 2008

Dave Jones Broker/REALTOR, e-PRO Smedes Realty Prospect CT.: Real Estate Agent in Prospect, CT

This is just a quick reminder for everyone to get out and vote on Tuesday Oct 6th for the land purchase. All voting will take place at Community school for 6am to 8pm. Reguardless of your opinion, be counted, VOTE!

The below is from the Parent Power Website.

7, 2008 from 6am-8pm for the purpose of acquiring 47 acres on 54 Talmadge Hill Rd. in Prospect for a future building site.

Land Purchase Facts

•- 47 acres (Paintball property)

•- Cost = $33,829 per acre

•- Wetlands = 7 acres

•- Access to State road (RTE 69)

•- Access to water line

•- Both Mayor Bob and First Selectman Sue Cable support this purchase

•- Building project NOT impending, but clearly Algonquin School will be the building project that will be brought to both communities as we all know it is in desperate need of replacement.

•- This is possibly the LAST piece of property suitable for a building project available for this price in Prospect

•- The BOE has been searching for property for the last 10 years

•- Other property available is either unsuitable or overpriced

•- If we do not pass this referendum, the land WILL be purchased by a developer

•- The BOE will look at all options regarding the use of the excess acreage

Estimated financial impact for purchase of property

Amount to be borrowed - $1,590,000

Anticipate taking out an 8 year note with estimated 3% annual interest rate.

The lower amounts for the Prospect and Beacon Falls share indicate the estimated annual tax per household based on property valued at $200,000 (not the selling price of your home). All financial data for the town share and annual tax burden is based on information supplied by the towns during the budget building process. These amounts will change each year based on the most current financial data for the towns. These amounts will also change (decrease) with any building project for the School District that is approved by the State.

Milford,CT Real Estate Report for September 2008

Donna Springer: Real Estate Agent in Milford, CT

Listed below is a summary of home sales activity for September 2008

MILFORD

September 2007 versus September 2008

New Listings

Avg List Price

No. Sold

Avg. Sales Price

2007

80

$420,323

37

$379,524

2008

81

$519,425

41

$373,432

The highest listing in Milford in September 2008 was 76 Point Lookout - a 7000 sq.ft. Colonial built in 2008 with 13 Rooms, 5 Bedrooms and 5.1 Baths. This home is located in prime area with water views .

The highest priced home sold in September was 98 Old Field which was listed in February 2008 for $1,275,000 ,repositioned on May 30th to $1,199,900; on deposit on July 26th and closed for $1,115,000 on September 17th bringing its tot