2013-07-23-CFC-min - Laserfiche WebLink

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and added farm animals, which will be sold at the end of the year. Regarding their cash flow plan; the `farm bucks' program provides cash flow through July, when crop sales begin. 4. Question 1 (part 2) response: IMF has had a positive neighborhood experience in Westford, particularly given there are multiple users of the site. In Lexington, IMF will reach out to neighbors to understand and address their concerns. They understand that keeping neighbors happy will help in the marketing of the farm products. 5. Question 2 (part 2) response: IMF would ultimately like parking for up to 50 vehicles, so this will likely require some conversion of farm land to parking. The current parking will limit programs and therefore, farm income. IMF also expects to sell Christmas trees, pumpkins, farm to table meals, and other similar products. 6. Question 7 (part 2) response: IMF would like to remove the small greenhouse to the right of the farmstand to help address the current limited driveway entrance. 7. Question 6 (part 1) response: IMF is reluctant to submit their annual financial /tax statements because the farm is part of their personal finances, which they prefer not to share. IMF does maintain separate profit and loss records, which they would share. They do expect some of the capital expenses for the farm to be covered by federal and State grants, but have not assumed this in financial projections. They would likely use personal savings to provide upfront capital for the farm. Given the short time left in the meeting, IMF will respond to the others questions in writing. (The IMF responses have been attached to these Minutes). There being no further questions, the interview was concluded. 9:30 a.m. On a unanimous roll call vote, the Committee voted to come out of Executive Session and return to open session. 9:30 a.m. On a unanimous vote, the Committee approved the July 18 meeting Minutes. The meeting was adjourned on a unanimous vote at 9:30 a.m. Minute taker: Carl F. Valente Attachment: Interview Questions posed to Fat Moon Farm Written Responses by FMF to Interview Questions 2