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..TT <br /> JI <br /> 7 . <br /> Ji <br /> Attorney Butler requested the Board consider a vote, in somE <br /> form, at this Hearing to approve the Modification in principle <br /> subject to review, approval and signing of a final document at <br /> the next scheduled Meeting. Attorney Butler explained the May <br /> 1st date has an impact with respect to the Purchase and Sale <br /> Agreement with the Seller. <br /> ,,oi ll Board Members Patrick Coffey and Dennis Bal zarini expressed <br /> agreement with the spirit and intent of amendments as discussed <br /> ' especially in view of considerations worked out with the unit <br /> ' ml owners. <br /> E "tiiP, <br /> Attorney Butler suggested moving r Modification <br /> � y gg o g t o approve a <br /> of Special Permit subject to final approval of the Modification <br /> •j:rah, <br /> Document based upon the suggested changes made this date, at the <br /> next Meeting. Document to be executed by the Chairman and filed <br /> with the Town Clerk <br /> The Town Planner suggested the issue of the $125, 000 . 00 be <br /> clarified, Attorney Butler proposed using the current language <br /> ° > to establish a bond in the amount of $125, 000 . 00, rewritten in <br /> order to tie into the five (5) part per million criteria so that <br /> if a violation of the standard occurs the $125, 000 . 00 would be <br /> ' used to remedy it. At the completion of Phase IB, a contribution <br /> to the Town will be considered, for off site disposal. <br /> .. tiff iris <br /> The Chairman recognized Ed Baker, who stated for the Record <br /> ' •,..,:,;III�1�"'�;� <br /> his objection to signing five (5) parts per million due to the <br /> fact it represents a gross overload of nutrients to the River. <br /> (There was some discussion regarding n the bond situation at <br /> g <br /> this point; access to the money; and benefits of having the <br /> bond. ) The Town Planner suggested it is premature to attempt to <br /> settle this issue until such time as further information can be <br /> :4 provided regarding costs. He requested clarification of language <br /> expected for the next Meeting-, <br /> ,I <br /> Attorney Butler requested the possibility of identifying the <br /> parameters of the costs of initial feasibility studies, <br /> engineering costs and so forth, The Town Planner pointed out the <br /> I <br /> difficulties in this regard. Attorney Butler reiterated his <br /> suggestion of leaving the bond in, updating criteria, and <br /> ;!fl- providing an alternative without a requirement to be bound b it, <br /> 1 i <br /> to fund something sensible n terms of redirecting effluent. The <br /> Town Planner requested a previous offer made to assist in <br /> f <br /> studying this issue before the next meeting would be welcome. <br /> The Chairman recognized Mr. Traczyk, who suggested that the <br /> # numerous fine points, options and changes made be available in <br /> IWO draft form. He then invited Mr. Bornstein to the annual <br /> - ' Association meeting scheduled for Saturday, Aril► : g y. p 19. 1997, for <br /> the purpose of answering questions and providing a better <br /> understanding to the unit owners. <br /> { -14- <br /> ;y`. 'f l7jjir <br /> { <br /> i <br /> r <br />