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'�' �, a �" w L `� r� ' I 7 Al'i - "t,. }r i. 7 I � . - e L -: <br />Y --7 -,ed -oday and �hEv sa d that i.. was as:� ,� . _.�S ,.U��..� <br />di o L l und.-ing , and c" o s noz: costs will be p- i d o i,t of f <br />s-kii4 L.i were some issues o�..Lts-S�.aiidi ii+g ■ <br />;;ev-� n h.arr yngton st ated that he has taken Great inter rest "�..�� L i+s <br />;►ro1ecf because it is a good source of �� �'C'�L- e: fC:=; the " %,Lt. r� <br />has � iwt with them often to try to reso�ve the <br />4ssue o f taxes owed <br />L � � Tc b�a��k in ���w �� L,�-s e�� . <br />Lo the � own . He has talked to and to the <br />He would 1 t ke t:� offer whatever assistance he can. to the Biagi+��i��g <br />Board and the applicant to expedite trio `4--his <br />Pat stated that the 'Letters from MTc state ex pica Lion of true Iaan <br />of Jan 30 , 19191. <br />+fir. . Bonvie stated t11'�at was amended and h:� will rece1 �7e a l-tter <br />soon . �uwJroval L� ill be an 8 month a xtei1c.4 on " rroni the dot � of the <br />u <br />signing o f the d.oc ,I- ent s . It will be an onaoina n avback f c�r• 8 <br />month period, the loan has an S month maturity. <br />Mr. Bonvie stated that he will meet with the landscape and <br />ctet an e act date of .hen work can be cor=pleted by a.nd Will g t a <br />letter f roin them s t at �.ng the bec�il:ning day they c, an plan " u�+ci i�w <br />long it `-J-.L take to do the work. <br />. <br />Pat asked, considering the applicant has stated that �::e t t:ix'�� a � �C. <br />is impossihlle , what security goes with the assur ances? <br />Nir. . Dunning responded that there are c on.di" ons in te Der m:� t that <br />nothing can happen in Phase iI area until there -is secuzrit- T cr work <br />is comDJ.e ted . <br />fr. Bonvie stated that he has put up 5 million dollar worth of <br />security in addition to this project far this loan. If he loses <br />approval for this pro i ect he will lose an additional 5 �11.�.11 ior+ . 4. <br />90,000 worth of work he can keep the app-. oxvals 3n place. <br />Kevin HaY'i ington asked if any of the 5 million of security is in <br />the Town of. Mashpee? <br />Mr. Bonvie stated that it is not. <br />Judy suggested they return on December 5th to discuss this with the <br />other members of the Board who have sat on this matter. <br />Pat would be more comfortable stating that t11e Board =mill not <br />foreclose or "trigger" anything until the next TvUee tine but he does <br />not want to extend anything tonight . <br />Mr ■ Dunning is concerned that there is a deadline and would like to <br />provide a oapertrail so that it doesri' t expire. <br />He would lire to co��tinue the expiration date 1.�nti1 the Boa--d is <br />qualified to act on the request. <br />Bat made a n.ot-ion that this dlscussi o-i th <br />e he e?" 7 t h d=�liyze <br />is continued to DecerrLber 5th (next ��,ee ti z�g) and no a tioli will by <br />tame until then. Judy seronded the emotion. t'L Bard '�� « i' �h? 1"e <br />in favor (2 -0) ■ <br />��lica��t : ^tan �incol n <br />R oca t .on kmy Brown Roao fd <br />r�r = s i i �� r"� 1 {+ *h i+ - ^ i `t rwti {� -r - 4 C, - R z r- <br />