Town of Princeton, Mass. – Feb. 1, 2016
Executive Session Minutes - BOARD OF SELECTMEN
Executive Session
5;05 PM The three selectmen took roll call vote in regular session and opened executive session. Present for Fieldstone Farm were Charlie Wyman, Tom Sullivan and Deb Cary. They reported that the APR portion of the farm has the interest of a farmer; with estimated payment from the state’s APR program up to $580,000. They all discussed how the LAND grant may tie into the Mountain Fund managed by DCR, which collects $200,000 annually from ski area revenues and now holds around $2 million.
Tom S. noted that his group needs more time and asked BOS to keep options open. Edith said the selectmen need time to educate the public on this subject—and there are no “ideal” lots. Tom offered that if the group can get a good commitment on either Parcel C or Parcel D and a conclusion about the other numbers, his group would be prepared to recommend action to their backers. He added that at least one buyer is interested in Parcel C or D and more time is needed for a preliminary Planning Board approval, if needed. Jon F. asked why properties haven’t been in real estate listings. The Fieldstone group indicated a plan to list the properties but are mindful about selling land to the town if the pieces come
together.
5:37 PM BOS asked to convene alone to deliberate and the other group left.
Edith asked if selectmen would consider increasing the offer. Jon said the Fieldstone group is unable to commit. In planning the project around ATM, a stabilization fund could be used if the purpose was appropriate. Edith suggested the fund could then be replenished, after broadband needs are met, with sales of underutilized assets. BOS discussed right of first refusal and noted that they didn’t have a binding agreement.
5:49 PM Selectmen asked group back in and Nina presented selectmen’s opinion and asked the Fieldstone group to return on Monday, Feb. 22. Jon F. suggested they offer Smiths whatever is collected at the end of the process. Charlie confirmed that such a strategy is a last resort. Selectmen thanked the group for all their efforts and they left the meeting.
5:50 PM Selectmen closed the executive session with Stan making a motion to adjourn, Jon seconded and in roll call vote they adjourned with Jon, Edith and Stan each saying “aye.” They returned to open session.
Respectfully submitted, Marie N. Auger, administrative assistant
Marie Auger
Administrative Assistant
Planning Department
978-464-2100
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