The chair of the Conservation Commission this week proposed a new way for the town to help build up its reserve fund for acquiring land to preserve as open space. The Town Council created the Land Acquisition Fund in 2017, prompted by Aquarion’s effort to subdivide and sell a 19-acre parcel at the end of Indian Waters Drive.
Since then, the Fund has accumulated just $150,000, Conservation Commission Chair Chris Schipper told the Board of Finance during its regular meeting Tuesday night. “We looked at 11 years of conveyance fees,” Schipper said during the meeting, held at Town Hall and via videoconference. He added: “The town can charge a 25 basis point real estate sales conveyance fee through a Connecticut statute that allows it. And the intention, the legislative intention of that statute was the town would use those monies to preserve open space for future generations.