Fox School purchase agreement extended one year

PARIS — At Avesta Housing’s request, selectmen agreed to extend the purchase and sale agreement on the Mildred M. Fox School by one year so the nonprofit can fill a $90,000 funding gap.

At the Feb. 27 selectmen meeting, Town Manager Vic Hodgkins informed the board of the request to extend the agreement for the historic school on East Main Street.

In August 2016, Avesta bought the three-story brick building from the town for $125,000 to transform it into affordable senior housing.

“They’re going to need a little more time than what the original agreement called for,” Hodgkins said. “And in that contract that we did sign, there is an option for them to exercise a second year.”

Erin Place

Oxford Hills Sun Journal