Bill Oestmann
Town Approves $12,500 Monthly Property Management Fee for Newly Acquired Elm Street Building
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Municipal officials last week approved an agreement with a Norwalk-based company to manage an Elm Street building recently purchased by the town. The Board of Selectmen voted 2-0 to pay WFL Real Estate Services, LLC $12,500 per month to manage the property at 220 Elm St., acquired as the future offices of New Canaan Board of Education. The town has “a property manager group who’s going to be managing that property and with that there are common fees that cover all the expenses,” according to New Canaan Buildings Superintendent Bill Oestmann. First Selectman Kevin Moynihan and Selectman Kathleen Corbet voted 2-0 in favor of the agreement during the Board’s March 8 meeting, held at Town Hall and via videoconference. Selectman Nick Williams was absent.