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Board of Selectmen Meeting <br /> March 20, 1995 <br /> The meeting was convened at the Reading Municipal Light Department Meeting Room, 230 Ash <br /> Street, Reading, Massachusetts at 7.30 p.m. Present from the Board of Selectmen were Chairman <br /> Dan Ensminger, Vice Chairman Bill Burditt, Secretary Sally Hoyt, Selectmen Camille Anthony <br /> and George Hines, Town Manager Peter Hechenbleikner,Len Rucker and Jim Blomley. <br /> The General Manager of the Light Department, and Jim Blomley from the Light Department, <br /> outlined the issue of the previous Town Meeting approval for the sale of the Light Department <br /> building at a minimum of the appraised value, and indicated that this project had been bid twice <br /> and not had any successful bidders. <br /> The 25 Haven Street Task Force has advised that Town Meeting be requested to modify their <br /> previous action to allow the sale of the property for the highest price but not less than 80% of the <br /> appraised value. George Hines asked if this was the unanimous recommendation of the Advisory <br /> Board, and it was indicated that it was unanimous opinion of those who were present. Ensminger <br /> asked if there was an update of the appraisal, and it was indicated that there was not. Bill Burditt <br /> noted that holding the property is costing the Town in tax revenue, and costing RMLD <br /> approximately$60,000 per year. <br /> The Finance Committee, Board of Selectmen, RMLD Board, and RMLD Advisory Board broke <br /> into separate discussions, and came back with the unanimous opinion that the Warrant Article <br /> should be modified to allow for 80% of the assessed value and require additional commercial <br /> marketing efforts. The Board of Selectmen had suggested a floor of$375,000 which was the last <br /> highest bid, rather than 80%. The consensus of all present was to go with the 80% figure and <br /> requirement that there be additional marketing. The Town attorney will draft a motion for review <br /> by RMLD legal staff and then review by all bodies present. <br /> All the bodies adjourned. On motion by Burditt seconded by Hines the Board voted to adjourn to <br /> Executive Session for the purpose of discussion of labor relations not to return into Open Session. <br /> On a roll call vote all five members voted in the affirmative and the motion was carried. The <br /> meeting adjourned at 9:16 p.m. <br /> Respectfully submitted, <br /> F <br /> - J <br /> Secretary <br />