9/23/1997 MASHPEE COMMONS ADVISORY COMMITTEE Minutes

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Q Mr. Braes commented that if the selling prices are not achieved., the fiscal impa t will be negative. There was some discussion regarding selling prices . ) Mr. Storrs stated the time frame from which different unit types are built will be a function of the type of unit built. Mr. whritenour made reference to Table 8, Page 5, of the Study. Selectman Marsters inquired if the Town of Mashpee has aBy- law allowing apartments to be built. The Town Manager answered, 1f tr ! 11with the exception of OSID" . He further point out the vast majority of the apartment units are already permitted, being the one hundred l second-floor ung.t . Mr. Braes Mated the proposed building program is being analyzed., not the existing commercial . Selectman Dinizio suggested one scenario indicating the existing Mashpee Commons retail be excluded from the equation. It was agreed that three scenarios should be presented; existing, previously permitted, and proposed. ) He stated he does not want what is currently built in Mashpee Commons used to lsubsidi e the new housing being proposed. He also suggested the concerns of this Connittee be incorporated into the Burchill.-Listien Study. Mr. Storrs suggested inviting representatives of Bur hill- Listi en to the next meeting expressly for this purpose. Mir. Brais commented this Study did not fully meet demographic study expectations, because some of the concerns had not been defined. He suggested the Cormnittee present individual down-side fiscal impact scenarios, accompanied by a logical explanation thereof. An accurate profile of the market within the Town, to become part of the public record for the project would also be very helpful . Mr. Storrs expressed concern/reservation about a presentation based upon history; this being a new product. Mr. Brais stated the meed for evidence to establish a down-side scenario for the Town. Mr. Storrs agreed. Mr. Storrs then requested Mr. Brais to submit said concerns in writing for presentation to Zinimerman-Volk for their response. selectman endo requested permission to speak directly with Lori vol} . Mr. Storrs encouraged Committee Members/Advisors to do so. The Committee made a determination to meet next on Tuesday, October 7. 1997, at 4 : 30 p.m. , at Mashpee Town Hall . MOTION: Selectman Diniio made a Motion to adjourn the Meeting; which Motion was duly seconded and so voted unanimously.