4/30/1996 FINANCE COMMITTEE Minutes

Home Browse Search

MASHPEE FINANCE COMMITTEE MITES APRIL 30, 1996 MEETING COMMENCED AT 5 :0 P i Finance Committee members present: Marcia King, Chairman; Alec Watt; Mike Kumin; Sid Golub; Dan Goggin and Tony Gallo. Juan Bacigalupi was unable to attend. The meeting was held at the Mashpee Middle school Library. Please note for the record that this public meeting was not audio taped, but was video taped. Article 21 - Bufflehead Bay Badge Blackett, Senior Project Manager r Trust for Public land, was present at the Finance Committee meeting to answer any questions regarding Article 21 . Mr. Blackett began his presentation with a brief description of his organization and their involvement with i this Article. Mr. Blackett also gave an overview of bow the land care to be split into two phases and the grants involved. A Federal Grant (North American Wetlands Conservation Act NA' CA) for $750, 000 will. be -contributed to this purchase, as well as a reimbursement by the State of $500, 000 . The State will only reimburse the Town after the Town spends $750, 000 initially. The Town will then be responsible for $250, 000 after the reimbursement . . Mr. Blackett felt that the state would most likely reimburse the Town from anywhere of 30 to 100 days , Mr. Blackett mentioned that he felt there were two issues regarding this Article. The first was the valuation of the property and the second was the prospect of acquiring phase 2 . Mr. Blackett explained that the whole property is worth $4 million. The state and Federal Government will also certify and review the appraisals, and if there is a valuation problem, it will fall back on the 'gust for Public Land' s shoulders, according to Mr. Blackett . when explaining the prospects of acquiring phase 2, Mr. Blackett mentioned that there was no guarantee that the acquisition will happen. The Trust for Public Lund does have $50, 000 at stake for this first phase and if acquired will also have $50, 000 at stake for the second phase. Mr. Blackett assured those in attendance that his organization would work just as hard to find partners t help purchase the second phase. Ms . King informed the audience that Dave Bailey, Assessors Off ice, Tori Fudala, Town Planner and Bob Sherman, Conservation Agent was also in attendance. Mr. Bailey spoke briefly about the possibility of the wetland assessment being considerably lower than what it was appraised at . Deirdre Gr'eelish, who was in the audience, asked how both the Assessors and the Trust ' s appraisers could arrive at $4 million, when one group has this parcel appraised at $1 .5 million and one group has it assessed at $450, 000? M . Bailey answered that his department is looking at this parcel as 75 ages someone i