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Clifton Park Still Negotiating With Colonie On Stony Creek Reservoir Sale

"There comes a point in time when we have an obligation to the taxpayers to get fair market value for the property," she said.

But Barrett said the offer Clifton Park made was for more than its chalked up to be.

"I haven't said anything about what we did offer than that it was very significant and that's just far and above what the property's worth, especially considering the restrictions that are currently on it," he said.

Those restrictions prevent anyone-from either the Town of Clifton Park or Colonie-from using the property for recreational purposes, Barrett said, though he thinks that if both towns were to approach the state and dispute those restrictions, in partnership with the Open Space Institute, which also has interest in the property, the restrictions could be lifted and the land could be used as a park, featuring hiking and kayaking to name a few activities.

Part of the deal, to whoever purchases the property, maintains Colonie's water rights on the property, as the Latham Water District's emergency water source is located there, and though it has not needed to be tapped in several years, the town would like to have it if needed.

Barrett said Clifton Park was understanding of this, and would like to preserve the land and keep it as a park for the residents, whereas if a private developer purchases the property, it could be changed into any number of things.

"I think it would be a unique, once in a lifetime opportunity for the two towns to work together and do the right thing," Barrett said.

Mahan said she would like to work with Clifton Park, but only in a way that is fair for both parties.

"This administration would like nothing more than to negotiate with Clifton Park," she said. "[But] Clifton Park has to be fair with us and we have to be fair with them."

When asked if Clifton Park would consider putting in another offer, Barrett said, "They're the ones that gave us the final offer. As far as I'm concerned, were still in negotiation and we're hopeful that there can be an agreement in the near future."

Also at the meeting, Town Attorney Michael Magguilli said the town is considering extending the Friday, Oct. 23, date in which RFPs are due to be submitted.

For more on this story, check back at www.spotlightnews.com, or read the Wednesday, Oct. 14 print edition of the Colonie Spotlight.""

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