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f � � <br /> i <br /> ECONOMIC DEVELOPMENT COMMITTEE MINUTES <br /> JUNE 4, 1996 <br /> The EDC meeting was called to order at 7 : 00 p.m. at the Senior <br /> Center by Tom Potts . <br /> Members present: Tom Potts , Paul Reynolds , Steve Innis . <br /> Alternate members present: Gloria Dube, Steve Kyros, Michael <br /> Schmidt, Cynthia Green. <br /> Also present: Wayne Duchemin, EDC Coordinator <br /> Frank O' Neill, Boston Real Estate Company <br /> The Minutes of May 28 , 1996 were accepted as amended. <br /> Paul Reynolds cited correspondence from Jim Vaccaro asking <br /> permission to hang signs from the Welcome Signs announcing <br /> Mashpee Night at the Pops . EDC approved this request with the <br /> understanding that the signs would be hung during the month <br /> of July and removed following the concert . <br /> I <br /> Frank O'Neill , a partner of Boston Real Estate Company, was <br /> present to report on the progress made in marketing the Augat <br /> Building. Mr. O'Neill stated that he has been on the job six <br /> weeks and performed extensive marketing. He has prepared a <br /> sign, marketing sheet, brochure, and has done mailings to several <br /> large companies on the Cape and real estate brokers on Cape <br /> and the Greater Boston area. He has built a. database to identify <br /> growth companies needing larder properties to expand, and those <br /> companies have been targeted for mailings and personal contacts . <br /> Mr. O'Neill did not see any value in advertising in print <br /> publications nor marketing areas outside of Massachusetts. <br /> Mr. O' Neill did not visualize any retail use nor warehouse <br /> possibilities since the ceiling is too low in Augat ' s facility. <br /> Industrial Manufacturing is the most likely use, and he is <br /> targeting that market. The jobs are there as well as better <br /> pay ( $20 hr. ) . The facility is 80 , 000 sq. ft. , and Augat may <br /> start with a 40 ,000 sq. ft. user. <br /> When asked what EDC could do to help market Augat, Mr. O' Neill <br /> did not have any specific recommendations. He encouraged EDC <br /> to "lay out the welcome mat" to potential buyers. ' EDC will <br /> provide Guidebooks for Mr. O'Neill to pass out. Augat is open <br /> to leasing at $4 . 00 sq. ft. if they do not sell . They are <br /> presently asking $2 . 5 million and are negotiable. EDC will <br /> pass along any leads and will network wherever possible. Mr. <br /> O' Neill encouraged EDC to contact him any time, and the Committee <br /> thanked him for coming. <br /> i <br />