FRAMINGHAM – During a closed during meeting last night, Selectmen voted to accept a $500,000 settlement from Eversource/NStar for a contaminated site located at 300-350 Irving Street in the southeast section of Framingham.
Eversource, then NStar, purchased the property, a former gas manufacturing plant in 2008, paying $2.049 million for the property. At that time, Framingham Selectmen and Framingham Town Meeting agreed to forgive about $450,000 in interest and penalties owned to the Town of Framingham, as part of the cleanup of the site.
In October 2015, the Town of Framingham notified Eversource it was in breach of the agreement to clean up the site, and thus was seeking $461,636.52.
On September 19, 2017, Eversource ofered $500,00 to settled the Town’s claims that the utility company breached the 2008 tax title payment agreement.
With Tuesday night’s vote , Eversource is expected to pay the Town of Framingham $500,000 within 10 business days, but no later than December 31, 2017. Framingham will become a City on January 1.
While the vote was taken in a closed meeting, Selectmen announced the vote at its public meeting last night.
Landscape Depot is located at 350 Irving Street, at this time.