NA-ECONOMIC DEV AND INDUSTRIAL COMMITTEE

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ECONOMIC DEVELOPMENT/INDUSTRIALCORPORATION (EDIC) MINUTES DECEMBER 5, 2006 Present: Rene Read, Robyn Simmons,Jim Wils, Marty Harper, Terrie Cook, Joe Noonan, Richard Dalton, Tom Fudala,Brian Kehrl (Mashpee Enterprise). Opened 4:00 p.m. The Committee reviewed a list of properties on Industrial Drive that included last sale date/price/acreage/zoning designation. A map with Lot Numbers was included. The committee may want to contact the owners in the future regarding a purchase/trade/donation. The Committee debated whether to file for federal non-profit corporation status 501(c)3. The tax advantages encourage donations. Rene will follow-up with Town Counsel Patrick Costello and request a formal recommendation. The Committee reviewed a map of the Commercial/Industrial Center in Mashpee and discussed the options of developing or selling land for development purposes. Tom Fudala reviewed a list of Tax Takings that were color-coded for recommended use. There are 530 acres of tax-taken land throughout Mashpee. The Town is considering using the land for conservation, affordable housing, sewer system infrastructure, and possible auction. The potential commercial/industrial/mixed use acres would be the focus of this committee. These acres could be sold for seed money to fund targeted development. A fiscal impact analysis prepared by the Town of Barnstable revealed a weak tax contribution for strip malls,restaurants,particularly fast food vendors, because of the money towns must spend to mitigate additional traffic generation. Strong tax contributors are specialty retail, business parks, offices, and hotels. There are 13 CCC pre-approved lots in the Industrial Park. Contractor bays are a popular use considering the building boom and limitations in residential zones. There are 9 industrial lots with CCC subdivision permits on Echo Road off Rte 130. The Free Clinic site has a total of 5 acres but only 2.5 will be used for the health center site. Perhaps the remaining 2.5 acres has some potential to be subdivided and donated to EDIC to develop or sell to create funds to build an entrepreneurial center/incubator space. Tom Fudala suggested the EDIC use its 2.7 acre property in the Mashpee Industrial Park as an incubator site. The Free Inn associated with the Brain Center and the Boch Performing Arts Center proposals which both fell through were key economic development projects. Mr. Fudala suggested the Committee work with Stuart Bornstein, the developer of two incubator facilities behind the former Augat site, which will provide 8,OOOsf for small business space. The EDIC can buy and sell land and borrow and lend money.