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Ferrrisburgh places town-owned land back on the market

FERRISBURGH — The Ferrisburgh selectboard on Tuesday reached a marketing agreement with Burlington commercial brokerage firm Redstone for the town-owned 34.9-acre parcel at the junction of Routes 7 and 22A.
Redstone will the market the land for one year for $375,000, the same asking price for which Pomerleau Real Estate had tried to sell the property since September 2010 until last year.
Pomerleau attracted one purchaser for that price, but the deal fell through when the buyer could not meet contingencies after the selectboard granted extensions.
Only about 4.5 acres of the land is usable. The rest is either encumbered by a tangle of conservation easements or contains wetlands.
That 4.5 acres fronts on Route 22A and is near the Agency of Transportation’s commuter lot and the recently moved former Vergennes train station.
The land boasts an open site with permitted wastewater capacity, level topography, high traffic volume, easy access to rail transportation, and frontage on or near two of the state’s busiest highways. It is zoned for light industry, with retail uses conditionally permitted.
With the real estate market apparently gradually improving, Chairwoman Loretta Lawrence said the board was happy to get the property listed again after leaving it off the market during the winter months.
“We’re anxious to get going,” Lawrence said.
In other business on Tuesday, the selectboard:
•  Agreed to advertise for a replacement for resigned planning commission member Al Myers.
•  Retained Justus DeVries as the town assessor.
•  Began work toward adopting a town ethics policy by reviewing a model policy provided by the Vermont League of Cities and Towns. Lawrence said such a policy, when adopted, would cover town board members, employees and volunteers.
Andy Kirkaldy may be reached at andyk@addisonindependent.com.

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