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plan. 11r1r_ Mayo summari .ed that the EDIC was formed in 2003 by a state legislative act to <br /> create a non-town entity to aU=messes to Mashpee. In 200 , Town Meeting voted to give <br /> parcel in the industrial park to the EDIC in order to sell or-lease it and establish seed money for <br /> the organization. The Economic Development Plan was needed in order to fulfill the <br /> requirements of the legislative act. The Plan would govern the war in which the lot would be <br /> sold or l a ed, with a goal to attract a business that would them bring jobs to the area. <br /> Chairman Waygan referenced page 6 and the disposition of properties plan. The Chair <br /> inquired whether the property would be sold or leased and Mr. Mayo responded that it was not <br /> yet known and that he was unsure if a rn"Inimurn price would be set, but suggested that <br /> minimum price would likely be set and would be a tage:of the assessed value. The Chair <br /> recommended a reverter clause to prevent the property from sitting vacut. Mr. Balzarini also <br /> F recommended a deed restriction to gent uses that were being discouraged. Mr. Mayo <br /> explained that the seed money would assist in such projects as filling other vaunt properties in <br /> the industrial park or address other parts of town and would remain for the use of the FIT to <br /> meet their goals. Mr. Fudala stated-that a recommendation from the PlanAmg Board was needed <br /> for Town Meeting, adding that it was consistent with the Local Comprehensive Plan. There was <br /> consensus that it was consistent with the LCP. <br /> MOTION: Mr. Muffin made a-motion to recommend that'Town Meeting approve the <br /> Mashpee EDIC Economic Development Finn for M=hpee Executive Park and further that <br /> the Board finds that the plan is consistent with the'Town's Local Comprehensive Pihn. Mr. <br /> rini seconded the motion. All voted unanimously. <br /> r <br /> C. Rowley Expense vouchers-Regular planning board business expense in th ,amount <br /> of$395 for inspections and meeting attendance and Southport engineering services in the <br /> amount of$190. <br /> MOTION: Mr.l luilin made a motion to accept the$395 voucher. Mr. Ba rini seconded <br /> the motion. All voted unanimously. <br /> MOTION: Mr. Mulhn made a motion to accept the S190 voucher. Mr. Balzarini seconded <br /> the motion. All voted unanimously. . <br /> Mr. Rowley reported that Southport would be developing a plan for the re-design of their <br /> entrance, which would be presented to the Planning Board over the next month. <br /> WATERWAYS i LENSES <br /> -Bark& Patricia Thompson, construct and in ramp and flow off existing pier at 40 Little <br /> Neck Lane in Ockway Bay <br /> CORRESPONDENCE <br /> -Request for Planning Board review and recommend tions regarding 8 road taking articles <br /> submitted for action at the October 151, 2012 Town Meeting-Mr. Mullin inquired about when the <br /> Finance Committee would consider the road tang from the financial perspective, before the <br /> Planning Board considered the issue. fir. Fudala noted that the Planning Board would consider <br /> the takings based only on planning issues. There was discussion about the financial impact and <br /> consideration of tax payer funds. The Chair stated that it would need to be considered at the first <br /> 3 <br />