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April vote set for Schlumberger land sale in Ridgefield

Ridgefield residents will be voting next month on whether to sell 10 acres of the Schlumberger site to a developer for condominium-like housing.  The Board of Selectmen last night set the date of the referendum as April 8th. 

 

The selling price of $4-million would be paid by Residential Investments LLC.  The proposal is for 24 free standing units of age-restricted housing.  The Selectmen held an executive session meeting Thursday afternoon on the contract. 

 

There was consideration given to a proposal from Toll Brothers for the same price, but that was pending approval from the Planning and Zoning Commission.

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