[HISTORY: Adopted by the Board of Selectmen of the Town of Woodbridge 5-2-1983 as Ch. 6, Art. I, of the 1983 Code. Amendments noted where applicable.]
Editor's Note: This chapter was originally adopted by the Special Town Meeting 9-20-1965.
The Town Meeting hereby delegates its power to acquire and convey interests in real property to the Board of Selectmen in the name of the Town subject to the provisions of this chapter.
Whenever it is determined by a meeting of the Board of Selectmen, called and held for the purpose, that any parcel of real estate owned by the Town, including property taken by tax foreclosure or in lieu of taxes or any other lien, no longer serves any public use ordinarily provided by the Town government, said Board shall have the power in its sound discretion to lease said parcel to person or persons financially responsible upon the most advantageous terms and conditions the market at the time of leasing will afford for a term not to exceed five years.
The Board of Selectmen shall have the power, upon reasonable public notice and invitation to bid, to sell in the name of the Town any real property taken by tax foreclosure or in lieu of taxes or in lieu of any other lien in favor of the Town; provided, however, that the proceeds of such sale shall not be less than the amount of the obligation of the Town for which said property was taken.