BERLIN, Vt. (AP) Residents of one of the largest mobile home parks in Vermont will now own the park cooperatively.
Residents of Weston's Mobile Home Park in Berlin voted unanimously Wednesday to purchase the 83-lot park from owner Ellery Packard for $2.1 million. The Times Argus reports the residents also authorized their nonprofit housing cooperative to borrow about $2.3 million and approved a series of documents that will govern the cooperative.
Annika Paul, a consultant with the Cooperative Development Institute says the cooperative should acquire the park before the end of the year in a finalized deal.
Paul says the park's current tenants won't be required to become members, though the hope is that most if not all of them will.
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