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The Lincoln School Apartments warrant article narrowly failed to receive the two-thirds vote required at Town Meeting, prompting the Trust to pursue a capital needs assessment, financial analysis, and broader resident outreach before considering future action.
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The Trust will work with Town Administration to explain the costs and benefits of continued Town ownership and management of Lincoln School Apartments. Members approved financial reports showing an April closing balance of $1,661,050.32 and authorized an $885 payment for electrical repairs at 3H Beal's Cove Road. The Trust will not pursue a two-bedroom condominium at Beal's Cove Road and will prepare for a June 23 tax-title auction involving Hobart Street property.
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