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2 tree impacts of the project. Ms. Walker also asked about discussions with the neighbors. Mr. Cronin stated that discussions with the neighbors have not yet taken place but that many opinions will need to be heard before Town Meeting. Mr. Pressman mentioned that at a prior Select Board meeting it was stated that a staff member would be assigned to identify a non- profit that could utilize the Stone Building space and asked if a person been found to undertake that task. Mr. Malloy stated that he would be the person in charge of finding such an organization. Mr. Malloy also stated that he has not yet reached out to any potential organizations regarding their use of the building, largely because the building’s interior is in such a serious state of disrepair. Mr. Malloy also stated that once design work was underway, the Town would issue an RFP to see if any organizations would be interested. Mr. M alloy also stated that there was a desire for part of the space to be used for social justice issues and that the Town was interested in contacting Ibram X. Kendi and Boston University for that purpose. Mr. Pressman then brought up interest rates (5-6%) for potentially bonding the project. He mentioned that a 5-year bond with $2,000,000 in annual debt service would be crippling to the Committee’s finances in other funding buckets but that a 10-year bond could be more palatable. Ms. Kosnoff mentioned that there are different financing options and that the project does not need to be exclusively financed by debt. Ms. Kosnoff then reiterated that the Committee does not undertake bonds that go beyond 10 years. Mr. Pressman also stated that the $10,000,000 was troubling to him as an individual. Mr. Beuttell asked if the design phase was going to be split since a user for the building hadn’t been found yet. Mr. Malloy stated that he wanted the design phase to begin before the project is put out to bid and that bidders should be included in some part of the design phase. Mr. Creech then asked about the square footage of the building and how this square footage was spaced over floors. Mr. Malloy stated that there were two floors and a basement of around 1,600 square feet each and there was a 1,200 square foot addition spaced over two floors. Mr. Creech then asked if there were any precedents for the Committee to back such an expensive project. Ms. Fenollosa stated that the Committee has recommended at least two prior large appropriations, the Cary Memorial Building and the Community Center projects. Mr. Creech then asked about the state of parking near the structure. Mr. M alloy stated that there were no additional spots set aside for the Stone Building and that right now street parking is the only option. Mr. Horton asked if the Select Board determined what uses or tenants would be preferred for the building. Mr. Sandeen stated that the Select Board had heard some ideas and so far, the Board did not oppose any of them. Mr. Horton then stated that the current “build it and they will come” approach can only potentially attract tenants years down the line. Ms. Krieger stated that she was struggling with the spending on the design if there was no known use or tenant for the building and that the lack of a user will be a tough sell at Town Meeting. Mr. Malloy responded that this will be a tough balancing act but that since the Town owns the building, it is responsible for its rehabilitation, even though the Town has no municipal use for it. The building is insufficient for housing a town department on the basis of size and lack of parking. Ms. Krieger then suggested that the Committee could appropriate