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HomeMy WebLinkAbout1987-10-05 Board of Selectmen Minutes Board of Selectmen Meeting October 5, 1987 Meeting convened at 7:33 P.M. in the Selectmen' s Meeting Room at 6 Lowell Street, Reading. s..- - Members present included Chairman Russell, Secretary Graham, and :Selectmen Landers. Also present were a number of invited guests. Chairman Russell gave a background of the John Street Task Force Committee, and read a list of the people who had been instrumen- tal in the landfill redevelopment project. Peter I . Hechenbleikner reviewed the highlights of the landfill sale based on the handout attached to these minutes. Steve Qualkenbush from Homart reviewed Homart' s qualifications for development and introduced Wilson Viar from Embassy Suites. Mr. Viar reviewed the background and history of Embassy Suites, and the kind of product that they hope to build here. Mr. Qualkenbush introduced David Hertzel from Sasaki Associates who reviewed the site development considerations and a site plan. Mr. Qualkenbush indicated that construction on the site should take place in the second or third quarter of 1988 , with major dirt movement taking placing next winter. In response to question from Jack Rivers, Mr. Qualkenbush and Mr. Viar indicated that the total development costs on the site would f approach $100,000 ,000 . On a motion by Graham seconded by Landers the Board approved the signing of the purchase and sale agreement dated October 5, 1987 with Homart Incorporated for 29 plus or minus acres of the landfill site. The motion was approved 3-0-0. On motion by Graham seconded by Landers the Board agreed to sign an indemnity agreement dated October 5, 1987 by a vote of 3-0-0 . On a motion by Graham seconded by Landers the Board agreed to sign a purchase and sale agreement dated October 5, 1987 with Em- bassy Suites subject to the necessary approval by Town Meeting. The motion was approved by a vote of 3-0-0 . The Town Manager indicated that instead of opening the warrant on the 13th of October for the special meeting, this should be done on the 20th of October from 7: 00 P.M. to 8:00 P.M. The Board agreed. On motion by Landers seconded by Graham the Board adjourned at 9 : 00 P.M. Respectfully submitted: Secretary