HomeMy WebLinkAbout1990-02-13 Board of Selectmen Executive Session Minutes Minutes of the Executive Session
Board of Selectmen Meeting
February 13, 1990
The session convened at 10:25 p.m. Present were Chairman Graham, .
Vice Chairman Ziegler, Secretary Ensminger, Selectmen Nigro and
Russell, and Town Manager Hechenbleikner. On motion by Ziegler,
seconded by Ensminger the Board voted to approve the Executive
Session minutes of January 16, 1990 by a vote of 3-0-2 with
Graham and Russell abstaining.
The Board discussed the status of Homart and written communica-
tion from Homart and Town Counsel. Homart would like to have the
interest on the $2,000,000 indemnity fund waived, the CPI es-
calator waived, and have no late start penalty. The Board of
Selectmen agreed to meet in Executive Session as a group with Bob
Nordstrand, Tony Fletcher, Dick Howard, and Pete Hechenbleikner
to review their options prior to sitting down and negotiating
with Homart.
The Board reviewed a letter from Bear Hill Realty Trust regarding
the request that the Town hold the mortgage on the land and that
the mortgage be taken down on a unit by unit basis. The Board
felt that this was not acceptable but that they would consider
other options. If there are no other alternatives then they will
consider going back out to bid on this matter.
The Board will meet Tuesday evening, 2-20-90, in Executive Ses-
sion.
On motion by Ensminger, seconded by Ziegler the Board voted to
come out of Executive Session at 11:20 p.m. All members voting
in the affirmative on a roll call vote the motion was carried 5-
0-0.
On motion by Nigro, seconded by Russell the Board voted to ad-
journ by vote of 5-0-0 at 11:21 p.m.
Respectfully submitted:
Secretary