1995-08-07 Reading Housing Authority Minutes - Executive Session

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READING HOUSING AUTHORITY Minutes of the Executive Session of August 7. 1995 A regular business meeting of the members of the Reading Housing Authority was held on Monday, August 7, 1995 at 7:30 P.M. at the office of the Authority, 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. The meeting was called to order at 7:30 P.M. with the Chairman, Mr. Sweet, presiding. Those members present and forming a quorum were: Mr. Reynolds, and Mr. Allen. The Executive Director, Ms. Plansky, was also in attendance as well as the Authority's attorney, Mr. Greco. At 8:00 P.M. members of the Reading Housing Partnership: Mr. Kelley, Mr. Coots, and Mr. Barnes joined the Board for discussion of negotiations for Bear Hill. At 8:40 P.M., Mr. Dolben and his attorneys, Mr. Lye and Mr. Latham met with the Board in Executive Sessio 1 to discuss matters relative to the "linkage" units associated with the Bear Hill development. Executive Session At 8:00 P.M., members of the Reading Housing Partnership joined the Board to discuss the relative to the linkage units and the lottery process for the Bear Hill development. Upon the following roll call vote, the Board unanimously VOTED: To adjourn to Executive Session for the purpose of discussing real estate matters associated with the Bear Hill development and to return to Regular Session at the end of the negotiations. Mr. Allen - aye Mr. Reynolds - aye Mr. Sweet - aye The Chairman then declared said motion carried and said vote in effect. Mr. Sweet gave a brief presentation of the negotiations to date to the members of the Partnership. He explained that the Board tried to negotiate the specifics of the deal while allowing the devel per some flexibility. At the May meeting, the Board voted to allow only 4 terrace units for "affordable" housing. Subsequent to a meeting of the Partnership, the Executive Director requested specific locations, layouts, market prices and marketing plan for the development. At this point, Mr. D Then stated that all affordable units would contain only one bathroom. The Board had allowed the units not to be representative and had granted permission for all linkage units to contain 2 bathrooms. Mr. Dolben unilaterally proposed this change and that the Board would be meeting with the principals to discuss these issues. The Partnership presented their concerns regarding the lottery system, the deed restriction and selection process. The Board informed the Partnership that the letter from Secretary Padula had just come and EOCD had denied the Authority's request for a waiver from the sales price and the income qualifications for this development. At 8:40 P.M., Mr. Dolben and his attorneys joined the meeting. Mr. Sweet stated the concerns of the Board that the affordable units would be like kind and like value to the market rate units; that the 2 bedroom units from our negotiations had always been with 2 bathrooms. Mr. Sweet stated that the Board felt that it was critical at this juncture to define and clarify where every affordable unit would be located; the proposed layout and square footage; and to have a representative drawing of th critical elements of the units. Mr. Sweet continued that the Board tried to allow flexibility for the developer but this has now presented a major difficulty in the negotiations.