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It <br /> Page 2 <br /> wants to develop, but the other group may be looking at this parcel <br /> as how much it would cost to develop 200 lots . <br /> Sid Golub spoke next and explained that he believed it to be a <br /> terrific venture for Mashpee if the concerns of manor residents <br /> could be answered, Mr. Golub mentioned that his concern was mainly <br /> with phase 2 . His concern was the Trust for Public Land only had <br /> to months after Town Meeting to get funds to purchase phase 2 . Mr. <br /> Golub felt that if this Article was approved at Town Meeting, then <br /> this contract should be extended for a year. Mr. Blackett answered <br /> that Melds Point does not own this property, but Limited <br /> partnership. He further explained that this group has been <br /> extremely flexible. Mr. Blackett went on to say that the Town <br /> cannot just think about phase 1, but the success would be in <br /> obtaining the entire package. Mr. Goggin asked Dare Bailey about <br /> the valuation of the phase 1 again. Ms . King mentioned that she <br /> understood it to be that the waterfront was worth about $492, 000 <br /> and the corridor about $100, 000 . Mr. Bailey explained that after <br /> studying the appraisal he understands the methodology used by the <br /> appraiser. <br /> A resident asked if the Article contains the wording "contingent <br /> upon State and Federal approval"? Mr, Golub responded that it did* <br /> Mr. Goggin asked how Phase 2 will be purchased if phase 1 is <br /> successful.' Mr. Blackett answered that Federal Funds primarily <br /> will be used, but nothing is guaranteed. He explained again that <br /> the Trust for Public Land will still have $50, 000 invested and will <br /> work just as hard to find funding. Under the existing contract the <br /> option rums through April 15, 1997 . Mr. Kumin stated that he would <br /> have been happy to see an extension offered in the contract . Ms . <br /> Greelish stated that she was not happy to spend one penny for <br /> interest in thisp urchase . She was concerned that Mashpee would <br /> have to float not only $250, 000, but $750, 000 until the State <br /> reimburses the Town. Tom Fuda l a, Town Planner, anentioned that with <br /> a self Help Grant, the State is usually very quack to reimburse. <br /> Mr. Golub asked if the Town has not f financial input in Phase 2, <br /> would they then have no ownership of it Mr. Blackett answered <br /> that no they would not own phase 2 land if they did not spend any <br /> money. This concerned Selectman Caffyn because she was worried <br /> that the Town would not receive any needed revenue if a future <br /> Information Center was placed on the Federal owned parcel of land. <br /> The Town Planner commented that he believed phase 1 land could <br /> stand on ,its own and that it was the Town' s idea to have the 'gust <br /> for Public Land come in and help in the purchase. <br /> This meeting with Mr. Badge Blackett ended PM and the <br /> Finance committee mored their meeting to another area in the Middle <br /> School . <br />