NORTH ADAMS, Mass. — Plans for the new Cumberland Farms on Ashland Street finally appear to be moving forward with the closing on the old City Yard last month.
The convenience store chain purchased the property at 227-245 Ashland St. on Friday, June 30.
Mayor Thomas Bernard had pushed for the Westborough-based convenience chain to close before the end of the fiscal year, rejecting the company's request for another extension on the purchase-and-sales agreement from October 2017.
Cumberland had offered $575,000 — $100,000 more than the assessed value — with the caveat that up to half that could be offset for cleanup. The chain had been looking for a larger location close to the downtown for several years.
In the final deal, the property went for $550,000 with the agreement that Cumberland would pay upfront taxes on a listed price of $575,000, as recorded at the Registry of Deeds. Administrative Officer Michael Canales said there are cleanup costs but the entire amount is not yet known.
The Ashland Street complex had been put to bid with five other properties in 2017 after the city bought the former anodizing plant at Hodges Cross Road to serve as the new City Yard. The former plant has been largely retrofitted to accommodate Highway, Cemetery, Building, and Parks and Recreation Departments and the animal shelter with room to spare.
Cumberland Farms was approved for a 5,800-square-foot store and eight gas pumps last fall but returned to the Planning Board earlier this year with modified plans to reduce the building to around 4,600 square feet and by one parking spot.
The original plans had been to start construction in the spring but is now expected sometime this summer. Two historic place markers on the buildings are set to be preserved and relocated to prominent locations in the new City Yard.
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Estate Plans Can Help You Answer Questions About the Future
Submitted by Edward Jones
The word "estate" conjures images of great wealth, which may be one of the reasons so many people don't develop estate plans. After all, they're not rich, so why make the effort? In reality, though, if you have a family, you can probably benefit from estate planning, whatever your asset level. And you may well find that a comprehensive estate plan can help you answer some questions you may find unsettling – or even worrisome.
Here are a few of these questions:
* What will happen to my children? With luck, you (and your co-parent, if you have one) will be alive and well at least until your children reach the age of majority (either 18 or 21, depending on where you live). Nonetheless, you don't want to take any chances, so, as part of your estate plans, you may want to name a guardian to take care of your children if you are not around. You also might want to name a conservator – sometimes called a "guardian of the estate" – to manage any assets your minor children might inherit.
* Will there be a fight over my assets? Without a solid estate plan in place, your assets could be subject to the time-consuming, expensive – and very public – probate process. During probate, your relatives and creditors can gain access to your records, and possibly even challenge your will. But with proper planning, you can maintain your privacy. As one possible element of an estate plan, a living trust allows your property to avoid probate and pass quickly to the beneficiaries you have named.
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