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Board of Selectmen Meeting <br /> October 5, 1987 <br /> Meeting convened at 7:33 P.M. in the Selectmen' s Meeting Room at <br /> 6 Lowell Street, Reading. s..- <br /> - Members present included Chairman Russell, Secretary Graham, and <br /> :Selectmen Landers. Also present were a number of invited guests. <br /> Chairman Russell gave a background of the John Street Task Force <br /> Committee, and read a list of the people who had been instrumen- <br /> tal in the landfill redevelopment project. <br /> Peter I . Hechenbleikner reviewed the highlights of the landfill <br /> sale based on the handout attached to these minutes. <br /> Steve Qualkenbush from Homart reviewed Homart' s qualifications <br /> for development and introduced Wilson Viar from Embassy Suites. <br /> Mr. Viar reviewed the background and history of Embassy Suites, <br /> and the kind of product that they hope to build here. <br /> Mr. Qualkenbush introduced David Hertzel from Sasaki Associates <br /> who reviewed the site development considerations and a site plan. <br /> Mr. Qualkenbush indicated that construction on the site should <br /> take place in the second or third quarter of 1988 , with major <br /> dirt movement taking placing next winter. <br /> In response to question from Jack Rivers, Mr. Qualkenbush and Mr. <br /> Viar indicated that the total development costs on the site would <br /> f <br /> approach $100,000 ,000 . <br /> On a motion by Graham seconded by Landers the Board approved the <br /> signing of the purchase and sale agreement dated October 5, 1987 <br /> with Homart Incorporated for 29 plus or minus acres of the <br /> landfill site. The motion was approved 3-0-0. <br /> On motion by Graham seconded by Landers the Board agreed to sign <br /> an indemnity agreement dated October 5, 1987 by a vote of 3-0-0 . <br /> On a motion by Graham seconded by Landers the Board agreed to <br /> sign a purchase and sale agreement dated October 5, 1987 with Em- <br /> bassy Suites subject to the necessary approval by Town Meeting. <br /> The motion was approved by a vote of 3-0-0 . <br /> The Town Manager indicated that instead of opening the warrant on <br /> the 13th of October for the special meeting, this should be done <br /> on the 20th of October from 7: 00 P.M. to 8:00 P.M. The Board <br /> agreed. <br /> On motion by Landers seconded by Graham the Board adjourned at <br /> 9 : 00 P.M. <br /> Respectfully submitted: Secretary <br />