Saturday, November 10, 2007
$omething old, $omething new...
So Amherst Town Meeting coughed up $278,000 to bribe the state to release APR property so Mr. Cherewatti could build his new home on 1.7 acres of land just to the rear of the historic brick Kimball house. He originally wanted to tear down the structure and build on its footprint, but Amherst do-gooders liked the view and wished to preserve it (a digital photo would have been a lot cheaper).
Mr. Cherewatti contributed $25,000 cash and $8,000 in APR property to the deal. He still owns the Kimball House, although he can't demolish it (and has done some recent renovations). The Cherewatti’s also sponsor family fund that donates money up to $500 in Challenge Grants to local youths and families in the area.
Their brand new LARGE abode will probably be in the top-ten assessed homes in Amherst, thus paying significant property taxes. And, with no school aged children, will have minimal to no impact on town services.