2010-10-13-CPC-min - Laserfiche WebLink

Browse Search

more complicated. He said that the overrun had not been attributable to the negotiations for the Goldinger parcel. Mr. Valente explained that there would be further legal work needed for the Busa parcel to draw up the conservation and/or housing restrictions that might be needed. He estimated these costs at $5,000 to $10,000. There was a lengthy discussion of the restrictions that would be placed on the property, and Mr. Adler suggested that permanent conservation restrictions not be placed on the agricultural land in the event that farming was abandoned at some point in the future. Mr. Valente added that there would be no further need for survey work, but that there would be further expenses associated with the Master Plan. Ms. Fenollosa questioned Mr. Valente about the difference between the Leary Land Management Plan and the Busa Master Plan. Mr. Valente explained that the Leary Land Management Plan involved conservation work on site, signage and the completion of a site inventory. The Busa Master Plan, however, was not a conservation plan, but involved analyzing the site for its suitability for a variety of uses including housing, recreation, open space and farm use. He explained that monies from the Leary Land Management Plan could not be used for future site planning since this use was “beyond” what the CPC had approved. In regard to the Busa property, he explained that he would be preparing a request for supplemental funding for the Master Plan process for FY 2012. Ms. Krieger questioned whether a FY 2012 request for Annual Town Meeting would be timely enough to allow the Busa Land Use Committee to make progress in FY 2011. In regard to the Cotton Farm acquisition, Mr. Valente explained that the Purchase and Sale has not yet been signed, but that the due diligence phase th would close on October 15. He noted that the site work to identify contaminants on the parcels had cost more than anticipated due to the complexity of the parcels and the discovery of an underground oil tank on the abutting Cataldo parcel. In response to a question from Mr. Adler, Mr. Valente explained that the Town had to hire their own consultant to oversee the Cataldo’s engineer, and to review his findings. Mr. Adler suggested that in future acquisitions this cost be borne by the seller. (The Town required the Cataldo’s to pay for 21E work, but did not include the cost of Town review.) Mr. Valente explained that legal fees associated with the negotiations have been significant and said he anticipated further expenses including the past month’s legal bills, closing costs and the drafting of the conservation restriction. The Committee was concerned at the overspending in the Cotton Farm budget, and questioned why such an overrun occurred. Mr. Valente explained that the negotiation of the Purchase and Sale had been very time- consuming and costly, and that the negotiations of use restrictions on the property had also been complex. 2