Selectmen consider two-year repurchase agreement for Jean and Tamara Marcella valued at $13,345.15
September 20, 2026 | Litchfield, Kennebec County, Maine
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The Selectmen reviewed a two-year real-estate repurchase agreement for Jean and Tamara Marcella. The Chair read the financial terms to the board.
"The total price is thirteen thousand three hundred and forty five dollars and fifteen cents," the Chair said, and the transcript records a one-time down payment of $1,000 and monthly installments of $514.38 that will be paid over a period that will conclude just short of 24 months.
A motion was made on the record: "I move we approve the repurchase agreement." The transcript does not show a roll-call vote or a final signed agreement during the meeting. The board discussed the rarity of two-year contracts and noted that the buyer had already begun making installments.
"The total price is thirteen thousand three hundred and forty five dollars and fifteen cents," the Chair said, and the transcript records a one-time down payment of $1,000 and monthly installments of $514.38 that will be paid over a period that will conclude just short of 24 months.
A motion was made on the record: "I move we approve the repurchase agreement." The transcript does not show a roll-call vote or a final signed agreement during the meeting. The board discussed the rarity of two-year contracts and noted that the buyer had already begun making installments.
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