Quote:
Originally Posted by secondcurve
Why should there be a compromise? The city was selling a property and two parties were interested. One party bid modestly above the appraised value and the other party bid significantly below the appraised value? Given the difficult fiscal condition most cities and towns face today it is incumbent to maximize value where possible. If the selectman sold the property to the lower bidder that would be equivalent to stealing from the Laconia tax payers.
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The problem is spending the money wisely. With the current track record it will be like throwing money down the drain!