06/14/1994 ECONOMIC DEV AND INDUSTRIAL COMMITTEE Minutes

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might consider hiring a full-time person. INDUSTRIAL PARK Tom got a call from Jeff Ferman at Northland Real Estate, who represents Bank of Boston, current owners of the Mashpee Industrial Park. Mr. Ferman was interested in the EDC's views on the Industrial Park and whether the Town of Mashpee would be interested in purchasing the property. Because this is a water protection district, development of this property may not be a good venture. Sid commented that Bank of Boston is interested in moving this out of their "bad debts" and make it a profitable venture. He says he has been in favor of considering getting involved in purchasing the land and would welcome a meeting to discuss pros and cons. Sid mentioned that at a business meeting he attended he talked with Mayor Collins, who now lives in Falmouth and is on the Falmouth Industrial Commission, and asked him if he thought the EDC should consider purchasing this land. Mr. Collins thinks there are disadvantages and would be delighted to come to one of the EDC meetings to discuss pros and cons which Sid feels the EDC should consider. Mr. Fudala wanted to lift the water restrictions at a prior town meeting but the Water District rejected. They will make a decision about lifting the restrictions by the fall of 1994. Tom would like to explore not owning but having involvement with business development on this property. ECO MEETING IN FALMOUTH The Committee discussed a special EOC meeting coming up on Thursday, June 16 in Falmouth on plans and procedures for local partnerships for Cape Cod and the Islands. No one on the EDC was available to attend this meeting. The EDC talked about asking Lori Donovan, the coordinator position candidate, if she would be able to attend this meeting on a voluntary basis. The applicants for the coordinator position offered by the EDC will go through the Personnel Board Review Committee and will not be hired in time to attend this meeting. 3