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TRY IT NO THANKS

Blog :: 06-2016

Walking on Water

Photo: Design for the new marina to be built.

For years the competition to land a boat slip on the Burlington waterfront has been cut throat. Developers Jack Wallace and Chuck DesLauriers decided to do something about it by planning a private 160 slip marina for late 2017 or early 2018. The two developers and the Burlington City Council have just come to an agreement on lease terms. They’ll have to pay the city $27,500 plus 5% of revenues over $565,000 the first year, and $55,000 plus 5% of revenues over $1,130,000 in subsequent years in order to operate the private marina on public land. Included in the marina would be a lengthy floating breakwater that would serve as a public walkway allowing pedestrians to walk a decent distance on to the lake. Many Burlington officials have been “on the fence” about this project for some time. However, everyone is now in agreement that the development will change Burlington for the better.

To read the full article: http://www.sevendaysvt.com/OffMessage/archives/2016/06/28/burlington-harbor-marina-gets-council-development-approval?utm_source=Seven+Days+Email+Newsletters&utm_campaign=2979e19a28-Daily_7_Tuesday_0628166_24_2016&utm_medium=email&utm_term=0_24eb556688-2979e19a28-296218281

For any of your real estate questions or concerns contact Steve Lipkin and the LipVT Team at Steve@LipVT.com or 802-846-9575.

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    Do You Own Your Land?

    Photo: Farmland in Thetford, Vermont. One of the many VT towns effected by land leases. 

    Donna and Travis Jocelyn woke to a rude awakening when a title search on their property in the closing stages of their transaction revealed an enormous obstacle; The City of Burlington owned the land they had called their own for years. The couple had been looking to downsize from their New North End residence to a small condo to mitigate property taxes. After much discouragement in their selling process, finding a buyer was a blast of new hope – until the buyer’s attorney conducted a title search to make sure there weren’t any unpaid taxes on the property. A document dating back to the 1700’s created by the governors of New York and New Hampshire, still under British sovereignty, revealed the land was in fact owned by the City of Burlington for potential land leases for fundraising purposes. Provisions in these leases would allow settlers to occupy the land for “as long as grass grows and water runs,” allowing occupants to settle on, but never sell the land. Eventually the individual towns became responsible for these land leases, and over time they stopped collecting rent. The City’s claim on these deeds hasn’t been a problem until now as analysis of record is becoming much stricter. Burlington, just in time for the sale, granted a quitclaim deed releasing all claim to the property and transferring it to the Jocelyns. It’s expected that hundreds, if not thousands of Burlington residents will be effected by the land leases in the coming years. Officials are discussing a possible solution to the problem – a statewide policy that terminates the city’s three century old claim to the land. Until then, purchasing title insurance as soon as possible after the acquisition of a property will help avoid this obstacle for homeowners and investors alike. Contact Steve Lipkin and the LipVT team for more info!  

    Burlington's 33rd Annual Discover Jazz Festival

     

    Discover Jazz. 2015. Festival, Burlington, VT.

    Photo: Just one of the many performances at the 2015 Discover Jazz Festival on the iconic Church Street.

    Burlington will be bustling a bit more rhythmically starting June 3rd until the 12th. Discover Jazz’s 33rd annual jazz festival presented by Northfield Savings Bank kicks off early this month featuring artists such as Juan De Marcos, Randy Newman, and Long Trail Live to stimulate Burlington’s streets. This is continuously one of the largest annual events in Vermont. Discover Jazz hosts the festival every year in hopes of raising awareness and appreciation for jazz music, showering the local community with education, and provide an opportunity for local artists to showcase themselves. The event is produced by the renowned Flynn center, so we’re all in for a treat. Steve and the LipVT team will definitely find themselves catching a few shows this June between showings!

    To purchase festival tickets: https://discoverjazz.com/

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