Minutes of Meeting Held on
Thursday, August 23, 2012 – 4:30pm
Conference Room B, 3rd Floor, Town Hall
Members Present: Linda Ghiloni Absent: Charles McGourty
John Parent
Kerin Shea
Scott Golder
Kevin Santos
Robin Frank
Joseph Peznola
I. Discussion of Esplanade Unit #118.
The deadline for Town to act on this unit ends on July 15, 2012. Discussion followed regarding the Maximum Resale Price of $164,000.00 being extremely high for this unit.
Ms. Ghiloni stated that she had asked the Housing Authority if they were interested in managing the property for the trust and they were not due to a lack of resources. Discussion followed regarding other alternatives such as contacting CHAPA about an offer for $140,000 since the property only appraised out at $124,000 and an the possibility of an extension of the dead line for another 60 days.
Mr. Santos motioned to let the unit go unless the Housing Authority is interested in writing a CPA Application to purchase the unit, seconded by Mr. Ghiloni and carried…
Vote: 5-0 in Favor.
II. 26 Blueberry Lane – Fox & Associates $350.00
The homeowners of this property want to sell. CHAPA requested the Trust to pay for an appraisal, since they did not accept the homeowners Comparative Market Analysis (CMA). Mr. Santos motioned to approve Fox & Associates to do the appraisal for $350.00, seconded by Ms. Ghiloni and carried…
Vote: 5-0 in Favor
III. Future Meeting Schedule
The Trust decided not the schedule any meeting unless necessary at this time.
IV. Minutes of Meetings
Mr. Parent motioned to adopt the minutes of the May 10, 2012 meeting, seconded by Mr. Santos and carried…
Vote: 3-2 in Favor – Ms. Frank and Mr. Golder abstained
Ms. Frank motioned to adopt the minutes of the May 24, 2012 meeting, seconded by
Mr. Parent and carried…
Vote: 4-1 in Favor (Mr. Golder abstained)
Ms. Ghiloni motioned to adopt the minutes of the June 11, 2012 meeting, seconded by Mr. Golder and carried…
Vote: 5-0 in Favor
V. Other Business
Ms. Ghiloni stated that she had a discussion with Ms. Ciccolo of the Community Development Department regarding the fact that they did not receive the matching funds from DHCD grant for the Buy Down Program. At this point Ms. Ciccolo did state that her Department would be willing to write the guidelines for the Buy Down and Down Payment Assistance Programs that the Trust had been talking about as one of their goals over the next several months. This would alleviate having to hire a consultant for that process.
V. Adjourn
Ms. Ghiloni motioned to adjourn the meeting at 6:50pm, seconded by Mr. Parent and carried…
Vote: 5-0 in Favor
Motion to Adopt: Ms. Ghiloni
Second: Mr. Parent
Vote: 4 in Favor
3 Abstained – Mr. McGourty, Ms. Shea, Mr. Golder
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