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HomeMy WebLinkAbout2011-11-02-LEXHAB-minLexHAB Minutes for Meeting November 2, 2011 Present: R. Burbidge, D. Eagle, W. Hays, W. Kennedy, M. Wood, L. Savage, Not Present: G. Howell Minutes for Filing and Treasurer's Report were motioned to accept as submitted. B. Hays motioned, M. Wood 2" d , all in favor unanimously voted. Fairview: Bill H. reported as follows: - Discussions about a friendly 40 B - Recommending a single /duplex be built out back - Discussions about housing planning dept, and board of appeals, local zoning laws - Meeting planned with the Concord Coalition November 8, 2011; all are welcome Wilson Rd The Board voted the following: That the Corporation purchase the following property known and numbered as 1 Wilson Road, Lexington, Massachusetts for the purchase price of $370,000.00 and upon the terms and conditions contained in that certain Purchase and Sale Agreement dated November —, 2011, be and between the Corporation and (the "Property"). That, William Kennedy, Chairman of the Board of Directors of the Corporation, be and hereby is authorized and directed, on behalf of and in the name of the Corporation, to execute, acknowledge and deliver any and all other instruments, certificates, affidavits and documents and to take any and all actions which he deems necessary, desirable or appropriate to effectuate the Financing Arrangement and the obligations of the Corporation to the Bank in connection with the Financing Arrangement, in each case in such form as may be approved by said Chairman; that the execution and delivery of said documents so approved by the Chairman shall be conclusive evidence that the same have been authorized and approved by the Board of Directors of the Corporation and that the action of said Chairman in executing such documents or in performing any acts related thereto or contemplated herein is in all respects ratified, confirmed and approved. Partnership Meeting Bill Hays reported: -The meeting was well received -We presented our preference of 8 units (across from Litchfield) -or 4 on the street -On November 8 th there will be a Concord Coalition meeting, all are welcome to attend - Selectman Meeting Bill Hays reported the following -The Selectman asked for a report/survey on our option for 8 units - LexHAB will create the document and deliver it to the Selectman within 2 weeks -We need a survey to determine how much money, and most efficient way to do this project -Also need to have a scope of the utilities like water and sewer Next Meeting Date Wednesday December 14, 2011 Executive Session. Upon motion duly made and seconded, it was unanimously voted by roll call to go into executive session to discuss a matter of tenant issues with no intent to return to open session. Meeting Adjourned 9:15 Respectfully Submitted