The town rejected a venerable nonprofit organization’s recent bid to purchase Vine Cottage because the building is worth more money than what was offered, according to First Selectman Kevin Moynihan. The Board of Selectmen met out of the public eye—as public bodies are allowed to do, under state law, when dealing with certain specific aspects of real estate transactions—to “decide whether we should negotiate with the [New Canaan] Land Trust,” Moynihan said during the Town Council’s regular meeting Tuesday. “We have an indication that the value of that property is three times what was being offered by the Land Trust,” Moynihan said during the meeting, held at Town Hall and via videoconference. “If we get to the point where we want to sort of give it away to a nonprofit, an important local nonprofit, we could. But right now, for one we really need it for the Health Department.