[Ord. No. 96-20, § 1, 7-9-1996]
Any real and personal property held and used by the Cumberland Land Trust, Inc., an organization meeting the definition of "charitable trust" as set forth in G.L. § 18-9-4 and exclusively used for the purpose of conserving open spaces as that term is defined in G.L. Title 45, Chapter 36.
[Ord. No. 96-20, § 1, 7-9-1996]
Taxes assessed as of the December 31 next preceding the date
of acquisition by the Cumberland Land Trust shall be paid in full
through the date of acquisition and any and all property thereafter
owned by the Cumberland Land Trust shall be tax exempt.
[Ord. No. 96-20, § 1, 7-9-1996]
Prior to any property being sold or otherwise disposed of, the
proposed transaction shall first be submitted to the Town Council
of the Town for approval of the terms and conditions of such disposition,
including, but not limited to, collection by the Town of an amount
of money not to exceed the total sum of taxes which would have been
assessed but for the exemption hereby granted if the Town Council
deems it advisable.
