2017-10-12-CPC-min - Laserfiche WebLink

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acquired. There were also concerns about spending $1 million for a small parcel of land. The motion to recommend $875,000 for the acquisition of the parcel of land located at 44 Adams Street failed in a roll call vote (4-5). Mr. Hornig made a motion to recommend $675,000 for the acquisition of the parcel of land located at 44 Adams Street (subject to a revised appraisal). The motion was seconded and further discussion ensued. Mr. Wolk thought the CPC's method of approving reduced funding was unproductive. He expressed concern about authorizing an amount below the purchase price. In a roll call vote, the CPC voted to recommend $675,000 for the acquisition of the land located at 44 Adams Street (6-2-1). After a motion duly made and seconded, the CPC voted in a roll call vote (9-0) to fund the acquisition with available cash, allocated as follows: $275,000 appropriated from the Open Space reserve and $400,000 appropriated from the Unbudgeted Reserve. 3) Ms. Fenollosa briefly explained that the request made by LexHAB for supplemental funds for the development of community housing on the Busa property would need to be indefinitely postponed. She received a call from Bill Kennedy who advised there were issues which could not be resolved before Special Town Meeting. After a motion duly made and seconded, the CPC voted in a roll call vote (9-0) to indefinitely postpone LexHAB's request to Special Town Meeting for supplemental funds for the Busa property. 4) The CPC also discussed changes that needed to be made to its Report to 2017 Special Town Meeting#3. After discussion and a motion duly made and seconded, the CPC voted in a roll call vote (9-0) to approve the report, as amended. 5) After a motion duly made and seconded, the CPC voted in a roll call vote (9-0) to approve its submission to the 2017 Annual Report. 6) After a motion duly made and seconded, the CPC voted in a roll call vote (8-0-1) to approve the meeting minutes from the CPC meeting held on May 18, 2017. After a motion duly made and seconded, the meeting was adjourned at 5:16 PM. 3