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12-14-10 Real Estate Acquisition & Disposition Committee Minutes
TOWN COUNCIL MAJORITY OFFICE

REAL ESTATE ACQUISITION AND DISPOSITION COMMITTEE

DECEMBER 14, 2010


PRESENT Linda Russo, Chair; Councillors William P. Horan, Jr. and Eric Thompson

ALSO            Melody Currey, Mayor
PRESENT Rich Gentile, Assistant Corporation Counsel
                
                                
                
CALL TO ORDER

Chair Russo called the meeting to order at 5:33 p.m.


APPROVAL OF MINUTES

November 9, 2010

MOTION  By Eric Thompson
                seconded by Bill Horan  
to approve the minutes of the November 9, 2010 Real Estate Acquisition
& Disposition Committee meeting.
Motion carried 3/0.


OPPORTUNITY FOR RESIDENTS TO SPEAK


NEW BUSINESS


OLD BUSINESS

Update - Acquisition of 54, 56 and 68 North Meadow Lane

Assistant Corporation Counsel Rich Gentile indicated that he had not heard
back from Mr. Forbes and that, at this point, he feels the matter will not be going forward.

No further action taken at this time.


Sale of 9 Montague Circle

Assistant Corporation Counsel Rich Gentile noted that he received a letter dated
December 13, 2010 from abutting landowner Marlene Schaeffer (copy in Real Estate
Subcommittee minute book).  No other abutting landowners have contacted the town
regarding the parcel.  A general discussion of the issue followed.  Attorney Gentile
will discuss the possible valuation of the parcel with Assessor Brian Smith and report
back to the Committee.

No further action taken at this time.


Acquisition of 3 Saunders Street

Assistant Corporation Counsel Rich Gentile noted that the landowner’s 2008 appraisal is
$190,000, but that land values have decreased.  

MOTION  By Eric Thompson
                seconded by Bill Horan
                to go into Executive Session at 5:50 p.m.
                Motion carried 3/0.

MOTION  By Eric Thompson
                seconded by Bill Horan
                to come out of Executive Session at 6:09 p.m.
                Motion carried 3/0.

Attorney Gentile will continue to negotiate a possible acquisition of the property with the
owner and will report back to the Committee.

No further action taken at this time.


ADJOURNMENT

MOTION  By Eric Thompson
                seconded by Bill Horan
                to adjourn (6:10 p.m.)
                Motion carried 3/0.



cc:     Town Council    
        Melody Currey, Mayor
        Rich Gentile, Assistant Corporation Counsel