2018-12-13-CPC-min - Laserfiche WebLink

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This parcel does not abut conservation land and is not high on the desirable parcel list. The reason why the Conservation Commission is requesting funds for the acquisition of the second parcel is because the owner is selling them both as a package deal. According to the Assessors property record card this parcel is assessed at$110,000. Mr. Hamilton stated that the parcel 32-114 is important to acquire because it may be potentially developable. Development on this lot has been denied in the past and was subsequently appealed in court. The court upheld the Town's decision to deny development on the lot. Mr. Hamilton believes that if this parcel is not acquired it may invite future litigation by developers that will result in costly litigation expenses for the Town. Mr. Hamilton explained that the sale price would be based on the Assessor's assessment or the appraisal once a report is completed. The Committee discussed if an abbreviated appraisal for each parcel is acceptable or if a full appraisal is required. The abbreviated appraisal would roughly be 4 pages long and cost $2,000 for each parcel. A full appraisal can range from 30 pages to 100 pages and costs $5,000 for each parcel. Both methods would include the appraiser's opinion of the value of the parcels. Ms. Federico informed the Committee of a discussion she had via email with Town Manager Jim Malloy. Mr. Malloy would be comfortable with an abbreviated appraisal only if the "appraiser is comfortable rendering an opinion on the abbreviated appraisal given the nature and value of the parcels".The Committee voted to accept the appraisal in short form (9-0). The Committee also voted to allow the funds for a full appraisal if the appraiser is not comfortable issuing an expert opinion on the short form (9-0). [The appraiser subsequently confirmed that the methodology and the reporting would be in compliance with accepted appraisal standards and could be relied upon by the CPC for use of CPA funds.] The Committee voted in a straw poll to support the project (8-1-0), Mr. Pressman abstaining. Ms. Krieger left the meeting at 6:46 PM and did not return. 5) Needs Assessment- Ms. Fenollosa informed the Committee of minor typographical corrections made to the Needs Assessment Report. Ms. Federico informed the Committee of a figure change in the Historic Resources category located on page 2 on the Report. The figure was updated from $33.1 million to $33 million because of a clerical error in the administrative assistant's appropriations spreadsheet. Ms. Fenollosa suggested changing the headings of two sections in the Community Housing section to create consistency throughout all sections of the Report. It was decided to amend the document and change the heading "Moving Forward" to "Needs and Recommendations" in the Community Housing section. It was also agreed to change "Introduction" to "Background" in the Community Housing Section. After a motion duly 5