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Minutes of the Board of Selectmen Meeting <br /> Executive Session <br /> February 20, 1990 <br /> Section 1 <br /> The meeting convened at 7:36 <br /> p.m. in the Selectmens Meeting Room, <br /> 16 Lowell Street, Reading, Massachusetts. Present were Chairman <br /> Graham, Vice Chairman Ziegler, Selectmen Nigro and Russell, Town <br /> Counsel Ron Kaczynski, CPDC member Richard Howard, Assessor <br /> Robert Nordstrand, Public Works Director Tony Fletcher, and Town <br /> Manager Pete Hechenbleikner. <br /> On motion by Nigro, seconded by Ziegler the Board voted to go <br /> into Executive Session for the purpose of real estate nego- <br /> tiations. All four members voting in the affirmative, the motion <br /> passed by a vote of 4-0-0. <br /> Regarding the sale of the Bear Hill property to the Bear Hill <br /> Realty Trust, Bob Nordstrand confirmed that there is no financing <br /> available for condominiums, and the market is very soft. The <br /> Board agreed that if Bear Hill confirms that they are not able to <br /> come up with any alternative the Town take back a mortgage on the <br /> land; that Town Manager should go to the two other bidders to see <br /> if there is interest. If so, we may go back out to bid. The <br /> discussion with the other two bidders will not represent any kind <br /> of an offer to negotiate with those bidders specifically. <br /> The Board then discussed the Homart situation which is subject to <br /> a separate set of minutes. Following discussion on Homart, the <br /> Board voted to come out of Executive Session and adjourned at <br /> 8:55 P.M. by a vote of 4-0-0 on roll call vote all members voting <br /> in the affirmative. <br /> Respectfully submitted: <br /> V J10Z/$4�! <br /> Secretary <br />