2017-03-10-CPC-min.exec - Laserfiche WebLink

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Minutes of the Community Preservation Committee Executive Session Friday, March 10, 2017 Parker Meeting Room Town Office Building 1625 Massachusetts Avenue 8:55 AM Committee Members Present: Marilyn Fenollosa (Chair); Dick Wolk (Vice-Chair), Charles Hornig, David Horton, Jeanne Krieger, Melinda Walker. Absent: Norman Cohen, Bob Pressman, Sandra Shaw. Administrative Assistant: Elizabeth Mancini At 8:55 AM, upon a motion duly made and seconded, it was voted by roll call (5-0) to go into Executive Session under Exemption 6 to consider the purchase, exchange, lease or value of real property and to reconvene in Open Session; the Chair declaring that an Open Meeting might have a detrimental effect on the negotiating position of the Town. Mr. Wolk was not part of the roll call vote but joined the Committee in executive session in the Selectmen's Meeting Room. 1) Executive Session with Board of Selectmen-After convening in its own executive session, the CPC joined the Board of Selectmen's executive session in the Selectmen's Meeting Room to discuss the Judges Road/ Pine Grove affordable housing request. Liz Rust, Director of the Regional Housing Services Office (RHSO), reviewed a memo detailing the updated terms of the proposal. The appraised value for each of the five rental units was $220,000. Ms. Rust explained that the total CPA request was $1,032,000 which would include the acquisition of those five units, renovation funds for the acquired units and the purchase of the expiring deed restrictions. Suzie Barry, Board of Selectmen Chairman, asked each CPC member in attendance for their questions and comments. The CPC questioned if the total request would adequately cover the costs for renovations, housing restrictions and legal fees or if additional funding would be requested in the future. Ms. Rust was confident that the requested funds would be adequate for the proposed renovations to five units and Carl Valente, Town Manager, explained that he had an inquiry in to Town Counsel to determine legal fees. 1