Laserfiche WebLink
The only change is in the economics, the banking situation has changed and <br /> Applicant has not been able to secure financing for the project. Mr. Storrs is hopeful <br /> however, that financing will be obtained in the near future. <br /> As a result, Mr. Storrs is requesting from the Board a two-year extension, as <br /> required under the Special Penmit. <br /> MOTION- Dennis l a.l arini made a Motion to <br /> grant atiro-year extension ofthe <br /> Special Permit issued March 5, 2008 in this natter; which Motion was duly seconded by <br /> Joseph Mullin. <br /> NOTE: The official Vote was not talon at this point as Plannling Board Member, <br /> James Leonard, objected asking-for Board consideration of a one-year extension, <br /> especially clue to the affordable housing aspect of this project. <br /> Mir. Storrs reiterated his request. r a two-}year extension explaining that in order <br /> to complete financing matters, issue documentation, hid the project, and file for building <br /> permits, the amount of time requested -gears , would be necessary in order to provide <br /> the flexibility needed. He addressed the affordable housing aspect by stating he <br /> continues to be very much in favor of the affordable housing component of the project, as <br /> evidenced by his desire to pursue the matter. <br /> The Chairman reminded the Board that a Motion has been made and Seconded in <br /> this matter. <br /> The Town Planner made reference to Section 6 of the Special Permit, whereby the <br /> Board has asked for the initiation of construction of one 1 building within-two-years <br /> time. In the event Applicant can provide to the Board good cause for the delay of <br /> construction, the Board can vote on an extended length of time to remain-in good <br /> standing. <br /> Having made the Motion, Dennis al arini spoke to the financialfbanking <br /> situation and conditions throughout the country at this time, acknowledging that <br /> Applicant would prefer to have constructed a number of buildings, if possible. He feels it <br /> would he unfair to the Applicant to deny an extension, as requested, with regard to the <br /> state of the overall economy. <br /> The Chan then called for an.official Vote to the Motion made by Dennis <br /> Bal aurini and duly seconded by Joseph Mullin. The Vote was unanimous. <br /> Voting in Favor of the Motion for a two-year extension to the Special-Permit in <br /> this matter: Thomas O'Hara, Dennis l alzarini, Joseph Mullin, Diary waygan, and James <br /> Leonard. <br />