1989-09-07 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY MINUTES OF THE MEETING OF SEPTEMBER 7, 1989 A regular business meeting of the members of the Reading Housing Authority was held on September 7, 1989, at the office of the Authority, 22 Frank D. Tanner Drive, Reading, Massachusetts. The meeting was called to order by the Chairman, Richard S. Dempster. Those members present and forming a quorum were: Mr. Sweeet, Mr. Reynolds, Ms. Galvin, and Mr. McIsaac. The Executive Director, Ms. Plansky, was also present along with the Authority's attorney, John Greco. Mr. Jim David and Ms. Janice Hannert from Fafard Companies were present; Mr. John McBride from Bear Hill Realty Trust; and Mr. Jeffrey J. Cook and Mr. Douglas Manley from Jef rey J. Cook Architects were also in attendance. Pleasant Street Acquisition - Linkage Mr. Greco has conferred with Mr. Paul Beattie, Attorney for Falard, regarding the close -out items before signing of the Purchase and Sales Agreement for this property. Mr. Beattie will provi e title insurance and a performance bond in an amount sufficient to cover any punch list items; Fafard does not want to be responsible for the certified plot plan and the Zoning opinion. Upon a motion duly made by Mr. Reynolds and seconded by Mr. Sweet, it was unanimously VOTED: To authorize the Director to obtain quotes and have a survey done by a qualified land surveyor for a certified plot plan with Zoning opinion for the property at 17, 19, 21 Pleasant Street and 1 Parker Street (a 4- family house). The Chairman then declared said motion carried and said vote in effect. The Board reviewed a tentative time schedule for the signing of the Purchase and Sales agreement along with final passing of the papers for this property. It was hoped by all parties that the passing could take place before October 1, 1989. Upon a motion duly made by Mr. Sweet and seconded by Mr. Mcfsa c, it was unanimously VOTED: To authorize the Chairman or his designee to sign the Purchase and Sales Agreement for the property at 17, 19, 21 Pleasant Street and 1 Parker Street (a 4- family house) in the maximum amount of $370,000 as approved by EOCD. Such P &S will be reviewed by counsel and approved by EOCD before proceeding to final closure on purchase. The Chairman then declared said motion carried and said vote in effect.