CPA Projects – Detailed Report


Project Information
O'Brien Farm Conservation Project
Westford
37870
330
CPA funding for the purchase of a Conservation Restriction (CR), to be held jointly with a qualified nonprofit organization, on a 23 -acre parcel known as the O’Brien Farm, located at 18 Vose Road, Westford. The CR would permanently prohibit future development, while allowing the land to be used for conservation, recreation, limited agriculture, forestry, and educational purposes. Public access would be permitted. The CR has been appraised at $1,275,000, and the applicant is requesting $760,000 in CPA funds, which is 60% of the appraised fair market value. The house and barn and two acres of land that are currently part of the farm will be subdivided off and will not be subject to the CR. Seller: Charles H. McColough Trust. Map 18, Lot 121
Project complete
10-15-2012
Project Category
Yes     Yes    
Project Details
Housing Units
0
0
0
Acres
23
0
0
0
Yes  
0
23
CPA Funding
$760,000
$0
$0
$0
$0
$760,000
$0
0
 
$0
Other Funding Sources Leveraged
$0
$100,000
$85,000
$0
$345,000
Landowner Gift Below Appraised Value
Total Project Cost
$1,290,000
$530,000
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