HomeMy WebLinkAbout1986-12-22 Board of Selectmen Executive Session Minutes Executive Session
December 22 , 1986
The Board of Selectmen convened in Executive Session at 10: 10 P.:M.
Present were Chairman Paul Landers , Vice Chairman Ziegler , Secretary
Eugene Nigro , Board Memb�ers , ..Russell .and Graham and Town Manager
Peter I . Hechenbleikner .
Brad Latham, Latham & Latham P .C . , was present representing
Continental Cablevision. regarding North Main Street Water Tower ,
Site , Reading , Massachusetts . Mr . Latham discussed the following,
referring to his letter of November 18 , 1986 :
1 ) Rent : Continental would pay a flat monthly rental of $225
per month through the end of 1994 . In 1995 , the rent would
be calculated by multiplying the assessed value of the land
area , times a multiple of 10% to arrive at the annual rental .
The annual rental would be paid in equal monthly installments .
Commencing with the year 1996 , and for each year thereafter ,
the factor would be 33% . There would be an annual rental
increase cap so that any rent increase , based upon a change
in the appraised value of the property , would not cause an
increase in annual rent by more than 15% over the rent for the
previous lease-year period .,
6) Idemnification : Continental would idemnify the Town as to
the following :
a) The new facility would not result in a diminution in
in the quality of Continental ' s cable service .
b) The new facility would not interfere with the Town ' s
communication systems and equipment now located at the
water town .
4) Access : Continental would lhave current access to the new
location for the purpose of testing an.d inspecting . When the
preconditions (paragraph 2) to the Lease are satisfied ,
Continental would have access to construct the facility .
Continental'would. have a right to remain at the old location to
remove its above-ground equipment for a period of 120 days
after the new facility was operational . This is necessary
to ensure a smooth transition.
On motion by Jack Russell and seconded by Mollie Ziegler the Board
approved in Principal - Cohen draft 5 : 0 .
On a motion by Jack Russell and seconded by Mollie Ziegler the Board
approved the Community Center to go out for bids .
Adjourned : 11 : 30 P .M. Respectfully submitted
Secretary