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Board of Selectmen Meeting <br /> Executive Session <br /> March 28, 1995 <br /> The meeting convened at 9:40 p.m. Present were Chairman Dan Ensminger, Vice Chairman Sally <br /> Hoyt, Secretary Camille Anthony, Selectmen George Hines and Bruce MacDonald, Town <br /> Manager Peter Hechenbleikner, Town Counsel Theodore Cohen. <br /> On motion by Hoyt seconded by Anthony the Board voted to extend the Purchase and Sales <br /> agreement between the Town of Reading and Longwood Senior Living until June 30, 1995. The <br /> motion was approved by a vote of 5-0-0. <br /> On motion by Anthony seconded by Hoyt the Board voted to extend the closing date on the <br /> Purchase and Sales Agreement between the Town of Reading and Bear Hill Realty Trust until <br /> April 27, 1995. The motion was approved by a vote of 5-0-0. <br /> The Board discussed the issues with regard to the conclusion of the Bear Hill sale. The developer <br /> feels that the definition of off-site improvements as included in the Purchase and Sales Agreement <br /> includes all off-site improvements. The Town feels that those were limited to certain mitigation <br /> measures and not measures required for the justification for additional density. <br /> At 10:20 p.m. Brad Latham and Drew Dolben joined the meeting. Latham noted that in the <br /> negotiations there was not direct contact with the Board of Selectmen - representatives were <br /> representing a Town. They view the issue as a plain language issue and do not feel that anybody <br /> is dealing in bad faith. He knows that the Town has made a distinction between the mitigation <br /> which is the result of the consequences of development, and the justification as a result of the <br /> density. He quoted section 5.1 of the Purchase and Sales Agreement which does not deal with <br /> justification or mitigation. The Bylaw deals with justification. The developer does not see any <br /> ambiguity, and has noted that he is willing to close on the basis of the contract that we have and <br /> feels the town wants to change the contract. The Town noted that it was never the Town's intent <br /> to give the developer carte blanche to agree to off-site improvements at any level. Town Counsel <br /> noted that the financial arrangements were discussed in open meetings a number of times <br /> including at Town Meeting. Latham noted that there is an issue with the Housing Authority in <br /> that they want four units with garages and this is an additional expense to them. Latham noted <br /> that one option is to close now on the property and deal with the differences as a matter of <br /> performance. Dolben noted that the difference between the Town's proposal and their proposal is <br /> $91,000. <br /> Dolben and Latham left the meeting and the Board had further discussion. When Dolben and <br /> Latham returned, Town Counsel suggested that the Town would be willing to agree to a one for <br /> one sewer UI mitigation, and try to come up with the least cost option with regard to the bus <br /> - service. It was noted that there is a caravan program run by the state that could be run at little or <br /> no cost. The developer suggested that perhaps a modification to the payment upon conversion to <br /> condominiums could address the $91,000 difference. <br />