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MASBFEE ECONOMIC DEVELOPMENT AND INDUSTRIAL CORPO ATI N <br /> MINUTES of REGULAR& EXECUTIVE SESSION MEETING HELD <br /> MONDAY,JUNL ,-2014 <br /> MAS TOWN HALL`--A i1 NIST A 1 IVE CONFERENCE 11 <br /> Present: Carol Sherman, Chairman <br /> Mary LeClair <br /> Theresa"Trrx " Cool <br /> Robert Cobuzzi <br /> Dino Mitrolostas <br /> Robyn Simmons <br /> Also Present: Tom Mayo,o, Assistant Town Manager, Cape Cod Business Brokers -games <br /> Vaccaro <br /> Call Meeting to order <br /> Chairman Carol Sherman opened the meeting at 5-:40 p.m. <br /> o ion:Dino I4I i ro os as made a motion, Mary LeClair seconded; <br /> To enter executive session to consider the purchase, exchange, lease, <br /> r value of real property located at 117 Industria. Drive Extension, <br /> 1 lashpee, MA. as an open meeting may have a detrimental effect on <br /> the negotiating position of the FDIC from which we will not return. <br /> Roll Call vote: In Favor: Carol Sheran, Mary LeClair, Theresa <br /> Cook- Robert Cobuzzi Dino Mi ro os a , Robyn Simmons <br /> Opposed: None <br /> The Board enters executive session not to return to public session <br /> Executive Session-, <br /> Our Broker, Janes Vaccaaro, of Cape Cod Business Brokers, informed the � <br /> Board that the financing was all in place and au is ready for the <br /> attorneys' final documentation and setting a closing date. Mr. Vaccaro <br /> advised the BIT to extend the closing date by a maximum of two <br /> months to the end of August. <br /> The FDIC Board discussed extending the closing cyte to as late as <br /> Friday, August 29, 2014, on the property at 117 Industrial Dr Extension, <br /> Mashpee, MA to allow enough time for the respective attorneys for the <br /> DIC, PiArick Costello, and for the. Buyer, Mark 'xildea, to complete the <br /> frnal documents. Also, to be sure to give enough time if the Phase 2 <br /> environmental study would have to be conducted. <br />