City of South Burlington, VT Acquires Approx. 60.7 Acres of Unde - FOX44 - Burlington / Plattsburgh News, Weather & Sports

City of South Burlington, VT Acquires Approx. 60.7 Acres of Underwood Property

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SOUTH BURLINGTON, Vt. -

The city of South Burlington acquired approximately 60.7 acres of Underwood Property on Spear Street and Nowland Farm Road.

A press release says on February 26, the South Burlington City Council will formally ratify an action to acquire this parcel, a portion of which has long been identified on the City's Official Map as a future park - for a total of $1,660,000 from the City's Open Space Fund.

"Today the City made its most significant investment in open space and recreation in the past 20 years," said Rosanne Greco, City Council chair. "The Underwood property is a special place, with forests, fields, and spectacular views, and now it belongs to the citizens of South Burlington."

Under the agreement, the press release says, there will be an initial payment of $1 million to the Marie Underwood Revocable Trust, followed by three annual installments of $220,000 beginning in September 2013.

South Burlington officials are looking for public input on what should be done with the newly acquired property.

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