The voters of NARRAGANSETT are being asked to approve acts of the General Assembly which would allow the Town to borrow up to $2,000,000 to acquire real estate and/or development rights to real estate (the “Project”).
The purpose of this bond is to establish a capital account for the Town to acquire open space parcels or development rights or conservation easements over open space parcels deemed by the Town to be significant for their environmental, cultural or historical resources and worthy of public ownership.
The bond proceeds would be used for open space acquisition in implementing policies set forth in the Town Comprehensive Plan. Highest priority would go to properties located within the town’s “Greenbelt Zones” as illustrated on the Comprehensive Plan Land Use Map. Land outside the greenbelts could also be considered on a case by case basis if deemed to have significance. The Town Council would authorize expenditures for selected properties upon the advice of the Narragansett Land Conservancy Trust.
The Narragansett Land Conservancy Trust was established in 1986 for the purpose of acquiring open space, purchasing historically significant buildings or properties and preserving the Town’s unique coastal and cultural character.
The Trust has sought and acquired land for these purposes by several means including purchase, receipt by gift, grants, or services from any source, public or private. The Trust is authorized to request annual appropriations from the Town Council in addition to the minimum as established in the enabling ordinance, accept from state and/or federal agencies, grants for use in carrying out its purposes and enter into agreements with such agencies respecting such grants, employ such personnel as needed to provide necessary services and administer and manage land and interests in land held by it in a manner which allows public use and/or enjoyment consistent with natural and scenic resources.
The estimated time table for these acquisitions, if approved would be approximately 5 years.
A special meeting sponsored by the Land Conservancy Trust and the Community Development Department will be held in the Community Center on Thursday October 21, 2010 at 6:00 pm. Background and potential uses of the proposed bond will be presented at this meeting. Questions and answers will follow. All are invited to attend.