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HomeMy WebLinkAbout1989-04-08 Board of Selectmen Minutes i i i Minutes of the Board of selectmen Meeting s April 8, 1989 Meeting convened at 9: 16 a.m. Present were: Chairman Graham, Vice-Chairman Ziegler, Secretary Ensminger, Selectman Russell, Anthony V. Fletcher, Director of Public Works, Ronald Kaczynski, Town Counsel, Peter Hechenbleikner, Town Manager. On motion by Russell, seconded by Ziegler, the Board voted to go into executive session on a roll call vote with all members being in favor, and to come into open session at the conclusion of the executive session. The Board discussed the current status of the landfill sale, in- cluding Homart's proposal. On motion by Russell, seconded by Ziegler, the Board voted to go into open session on a roll call vote, with all four members present voting in favor. On motion by Russell, seconded by Ziegler, the Board established the following position: 1. The Town will sell the entire parcel to Homart for $6.25 million, including the hotel parcel. Closing will be by 6-30-89. 2 . Homart will accept the indemnity with regard to hazard- ous waste cleanup on the site up to $2 million. 3 . Homart will use their best efforts to secure a hotel for the site with the Town having the ability to par- ticipate and approve in that decision. 4. Homart will pay interest on two million dollars for calendar year 1989, at the rate of 8%; on $1.5 million dollars for the balance remaining in the fund per year at 8%, payable July 1 of each year, based on the balance the previous January 1. The Town will have the ability to approve what is used in the fund. 5. With regard to the ultimate sale of the hotel parcel, if it is sold in excess of $4 million, the Town and Homart will share equally in the proceeds over $4 mil- lion. 6. All other provisions of the purchase and sale agreement to be kept in place. 7. Town Counsel will be authorized to negotiate with Homart to effectuate this agreement or the best similar agreement possible. All present voted in favor of the motion, and the motion was carried by a vote of 4-0-0.