Property Sale & Development - 5 Gates Road / E.D.

The City of Worcester is selling an 8,008‑sq‑ft vacant parcel at 5 Gates Road to a developer who will construct a single‑family home subject to a 30‑year affordable‑housing covenant. Bidders must submit a price of at least $27,700, include a 10 % bid‑security deposit, and agree to post‑closing obligations such as beginning construction within 30 days of permit issuance and completing the build within 30 months, or risk reversion of the property to the City. The sale is “as‑is,” and the buyer assumes all permitting, environmental, and utility responsibilities. • Minimum bid $27,700 with 10 % security deposit. • Development must comply with RS‑7 zoning and affordable‑housing restrictions (buyer income ≤ 80 % AMI, owner‑occupied 30 years). • Construction must start within 30 days of permit issuance and be finished within 30 months, otherwise deed reverts to the City. • Buyer responsible for all title work, easements, environmental assessments, and indemnification of the City.