HomeMy WebLinkAbout1993-02-01 Reading Housing Authority Minutes - Executive SessionREADING HOUSING AUTHORITY
MINUTES OF EXECUTIVE SESSION
FEBRUARY 1. 1993
The Chairman reconvened the meeting in Executive Session, whi(
was held in the computer room at 22 Frank D. Tanner Drive, Rez
for the purpose of discussing real estate transactions associz
with the linkage for the Greenhouse Acres development as well
as a proposal for property on Chute Street. All members of t]
Board were present: Mr. Allen, Ms. Galvin, Mr. Reynolds and
Mr. Sweet as well as the Chairman, Mr. McIsaac. The Executii
Director, Ms. Plansky, and the Authority's attorney, Mr. Grec<
were also in attendance.
Mr. Martin Curley thanked the Board for taking the time to di;
his proposals for the Chute Street property. As previously of
Mr. Curley feels that this property is in a transitional zone
and a multi- family.complex would be a good use for this parti(
parcel of land. Mr. Curley also spoke of his continued inter(
in the Greenhouse Acres development and is planning to contini
his efforts to acquire the property. If he was the successfu:
bidder for this property with Eastern Bank, he would develop
the Chute Street property for the linkage units required by t]
Special Permit on this development. Mr. Curley inquired as
to the possibility of proceeding under Chapter 774 with the T(
of Reading Zoning Board of Appeals. The Executive Director hi
been informed that the Town Planner felt that Mr. Curley's pi
would be a "friendly 774 ". Attorney Greco felt that this wou:
be allowed and, if any appeals are filed for the development,
the maximum time frame would be about 1224 months.
Mr. Curley thanked the Board and promised to keep them posted
as to his progress in either regard to either proposal.
The Board then welcomed Mr. Donahue from Howland Development
and his attorney, Mr. Latham. Mr. Donahue presented his cred
and gave an overview of his experience and Howland's past con
experience. Mr. Donahue said that this company was able and
willing to move forward on a project of this scale quickly an
with compatible units to existing structures. Mr. Donahue st
that he felt that his proposals would benefit the Town and th
Authority because his company had the experience and financia
resources to complete such a project.
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Mr. Donahue also stated that Howland Development currently has
a 90 day agreement with Eastern Bank to work out the details
of the required linkage units with the Authority and the permit
process with the Town. Mr. Donahue gave an overview of the meeting
that was held with the Executive Director, Mr. Latham and himself
at the Authority's office wherein possibilities for satisfying
the linkage requirement were explored. Mr. Donahue felt that'
his company was prepared to provide the Housing Authority with
three units of family housing at no cost to the Authority and
three units would be made available for first -time homebuyers
thus satisfying the 6 units of low /moderate income housing re uirement.
A brief exploration of how this proposal would take substanti e
form ensued.
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Exec. Session /Minutes
2/1/93
The Chairman then requested that Mr. Donahue present his prop sal
along with other options in a definitive and concrete proposal.
The Chairman stated that the Special Permit requires 6 off-site
units. Any deviation from providing units off -site would require
reopening the Special Permit with the necessary and attendant
public hearing. Mr. Latham and Mr. Donahue both stated that
they were not interested in reopening the public hearing proc ss.
Mr. Donahue thanked the Board for their time and promised to
submit a more definitive proposal with various options. Mr.
at that time.
After discussing details of the Chapter 774 requirements as well
as the language in the Special Permit for the Greenhouse Acres
Development with Attorney Greco, the Board adjourned from the
Executive Session and reconvened in open session at 10:40 P.M.
Respectfully submitted,
Mar et K. Plansky
Secretary and Executive Director
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