HomeMy WebLinkAbout2024-11-14-AHTBT-min-exe
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Affordable Housing Trust
Meeting Minutes of November 14, 2024 10:00 am, Executive Session
Hybrid meeting on Zoom and attended in-person in Parker Room, Town Office
Building
Affordable Housing Trust Board Members present: Elaine Tung, Chair; William Erickson, Mark
Sandeen, Tiffany Payne
Absent: Linda Prosnitz
Staff present: Carol Kowalski, Assistant Town Manager for Development; Liz Rust, RHSO Director;
Ragi Ramachandran, Administrative Assistant; Mina Makarious, Jillian Barger, Town Counsel
Ms. Tung chaired the Executive session that started at 10:49 am.
Executive Session
Exemption 6: To consider the Value of Real Property – Parcel 68-44.
Ms. Tung requested a motion to go into Executive session under Exemption 6 to discuss the
value of real property in connection with Lowell Street Parcel 68-44. The Affordable Housing
Trust Chair stated that an open session might have a detrimental effect o n the negotiating
position of the Town. Mr. Erickson moved. Ms. Payne seconded. The Trustees voted in favor of
the motion 4-0-0, by a roll call vote (Erickson – yes, Sandeen – yes, Payne – yes, Tung – yes).
Ms. Tung stated that the Trust will not reconvene in an open session after the Executive session.
The Trustees reviewed the draft LDA with Town Counsel. There was discussion on the State’s
funding cycle and Causeway’s ability to apply in the next funding round due to the timing. Mr.
Makarious mentioned changes to the project timeline due to timing of funding. Mr. Makarious
emphasized the need to negotiate and advocate for a protective agreement. There was
discussion on the closing date. The group felt Causeway should make diligent efforts to pursue
financing and permits.
There were detailed discussions on various sections of the LDA pertaining to Affordable Housing
Restrictions, project financing and material changes, zoning process, addressing design changes,
and project deadlines. Town Counsel will incorporate the comments from this meeting to the
LDA.
Mr. Sandeen moved to adjourn the Executive session of Affordable Housing Trust. Mr. Erickson
seconded. The Trustees voted in favor of the motion 3-0-0, by a roll call vote (Sandeen – yes,
Payne – yes, Erickson – yes).
The Affordable Housing Trust meeting adjourned at 12:20 pm at the conclusion of the Executive
session.