Wednesday, September 15, 2010

PURCHASE OF LAKESIDE PROPERTY CONFIRMED

Mahone Bay is expanding its real estate horizons.

Town council has purchased two parcels of land bordering Oakland Lake.

Mayor Joseph Feeny says the ten acres was acquired as part of an ongoing attempt to protect the town's watershed.

"We, over the past three to five years, have been gradually, when the opportunity arose, purchasing pieces of property as they became available on the market," says Feeny.

It was six months ago when the town first bid on the properties.

Chief Administrative Officer, James Wentzell, says purchasing the land through a tax sale led to processing delays, but removed large leans on the property from the previous owner.

The town now owns six lake-side properties.