Smithfield council fields public questions over $5.3 million Overbrook purchase as working group plans are set

Smithfield’s Town Council spent a large portion of its April 21 meeting answering residents’ questions about the borough’s recent acquisition of the Overbrook property and outlining next steps for public engagement and technical review.

Councilman Joseph Iannotti asked for a public update on inspections, finances and planned community outreach after several rounds of tours of the campus. Manager Salter said initial inspections and an appraisal were completed earlier in the process (hazmat and structural work were done by outside consultants), but a consolidated, completed inspection packet is not yet available; the Rhode Island Infrastructure Bank has been asked to perform a formal condition review.

Several residents pressed the town for precise numbers: the purchase price discussed at the meeting was $5.3 million financed with a commercial loan; the town reported it placed a deposit (approximately $400,000) and is servicing the loan with interest‑only payments, and staff said a $500,000 principal payment is currently included in the FY27 budget. Council members emphasized that grant applications, leases and possible property sales could offset debt service but that final figures are ‘not specified’ until the town completes pending inspections and grant applications.

Public commenters also asked whether Overbrook could be adapted for school use. The council said there is no finalized plan to move students to the site; officials said one of the intended uses under discussion is relocating some school‑department offices but that classrooms or student housing were not presented as confirmed options.

Council members agreed to assemble a focused working group of residents, subject‑matter volunteers and town staff to craft goals and recommendations and to hold a public hearing after the budget cycle. The working group will produce a timeline and a written summary of actions taken since purchase, and staff committed to send regular, bi‑monthly status updates and to publish inspection and budgetary documents as they are finalized.

What happens next: town staff will provide a project timeline and a consolidated packet of available inspection reports and costs; a public hearing and working‑group process will follow the conclusion of the budget process.