Laserfiche WebLink
BOARD ITEMS <br /> Letter from John Falacci asking to be put on the agenda of the <br /> next meeting. <br /> Tom explained that Tony Ferragamo spoke with Dr, Kerfoot who said <br /> he will be in with his report on May lst. The Board will discuss <br /> this at the next meeting. <br /> A letter from Town Counsel to Louise regarding a discussion on <br /> financial security from builders, <br /> The applicant does have the choice of what method of security <br /> they post but Letters of Credit were never legally an option. He <br /> described ways to specify security. <br /> Louise stated that it is her opinion that the Board formally <br /> adopt that recommendation of Town Counsel as a regulation. <br /> He also recommends conditions for a Letter of Credit and they <br /> must be net before a Letter of Credit is accepted. <br /> Wayne asked Tom to research what other towns are doing in regards <br /> to cash collateral vs. letters of credit. <br /> Pat stated that he would like to consider it some more, <br /> consider other possibilities or scenarios. <br /> Wayne stated he would like to know if the standards for accepting <br /> a Letter of Credit (as outlined by Town Counsel) can be met. <br /> He will look into this during the next 2 weeks. <br /> Judy stated that it is obvious that something is wrong because <br /> there are so many developments which are completed, the roads are <br /> terrible and the developer is gone. <br /> Tom stated would have to have a public hearing to amend the <br /> regulations. <br /> Pat suggested speaking with the State Zoning Federation to get <br /> any information they may have, <br /> Tom will attempt to draft a sample regulation. <br /> RULES and REGULATIONS: <br /> The Board agreed that this was left that Tom would review them <br /> and prepared his comments and then the Board will review them. <br /> Tom stated that he will continue to make comments and the Board <br /> will discuss this at the first meeting in May. <br /> CORRESPONDENCE: <br /> � A letter from Windchime Point Condo owners regarding their <br /> meeting with Pat Butler and John Sokolivic. <br /> Most of the issues were ones for Pat Butler to respond tc® <br /> 7 <br />