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percent of dwelling units within the Town of Mashpee are seasonal <br /> units. The base line for the fiscal impact analysis is to be <br /> determined by both the absorption rate and sales/rental rates per <br /> unit . The demographic break down is to be obtained through the <br /> Consultant, Burchill-Listiken. The commercial base line could be <br /> obtained through either Steve Foster of Lynch-Murray, a Boston <br /> based firm who has worked on prior appraisal reports; or Joe <br /> Clancy, a local appraiser, who would understand the local market . <br /> A proposal is expected from each. There was discussion regarding <br /> the absorption rate-10, 15, or 20 year period. Mr. Brais <br /> suggested establishing the best estimate of absorption within a <br /> time period, as well as the examination of full build out <br /> figures. (There was discussion regarding subdivision <br /> regulations; the Special Permit process; phasing criteria; and <br /> flexibility afforded to the Town. ) <br /> Selectman Dinizio asked the Developer who is expected to be <br /> attracted to Mashpee Commons and where would they find <br /> employment. Mr. Storrs answered some would be retirees; families <br /> and single couples would not move to Mashpee unless they had <br /> secured employment. Mr. Brais stated he has some questions in <br /> this regard; he suggested the Committee should discuss the <br /> results of the Study and determine if the needs of Mashpee have <br /> been met . He suggested the Study to be an executive summary that <br /> does not determine how conclusions were reached. He further made <br /> the suggestion of having a range for purposes of fiscal impact <br /> analysis from a market perspective. <br /> Mr. Storrs stated his proposal to the Town is to convert <br /> from commercial to residential; up to four hundred new units <br /> will fit into the existing neighborhoods and provide a <br /> successful community center surrounding Mashpee Commons . The <br /> Consultant was asked to determine the draw area and breakdown by <br /> category. Mr. Brais made the point that the Town be provided <br /> with a reasonable fiscal down-side should the expected outcome <br /> not materialize. The Town Representatives have a fiduciary <br /> responsibility to the Town. <br /> Mr. Storrs suggested providing three numbers; conservative, <br /> average and aggressive sides of the bell curve. He also stated <br /> that the product would dictate the user. Whitings Road is <br /> designed to be small lot, single family units. Jobs Fishing <br /> Road, Trout Pond, E. Steeple, and N. Market are designed to be <br /> courtyard apartments, and mixed use (apartments over retail) . <br /> He made reference to the current construction of thirteen (13) <br /> units; the majority of interested parties are singles and <br /> elderly. <br /> Mr. Brais noted flexibility is incorporated into the <br /> proposal, there is uncertainty about who will fill the units, as <br /> well as uncertainly regarding price. He reiterated the necessity <br /> for a down-side scenario in order for the Town to reach an <br /> informed decision. <br /> -2- <br />