City of Salem Massachusetts
Public Meeting Minutes
Board or Committee: Redevelopment Authority, Special Meeting
Date and Time: Wednesday, February 25, 2009, at 7:15 a.m.
Meeting Location: Third Floor Conference Room, 120 Washington Street
Members Present: Chairperson Michael Brennan, Michael Connelly, Robert Mitnik, Russell Vickers
Members Absent: Conrad Baldini
Others Present: Economic Development Manager Tom Daniel
Recorder: Tom Daniel
Chairperson Brennan calls the meeting to order.
Old/New Business
Development Project Review
1. 50 St. Peter Street (Old Salem Jail): Discussion and vote on timeline extension
Daniel states that New Boston Ventures has requested a two-month timeline extension. He states that the new closing date will be on/before April 30, 2009. He lists the other dates, which have been adjusted in accordance to the new closing date:
- submittal for building permit: by May 15, 2009;
- commencement of construction of project: by May 31, 2009; and
- construction of project: by August 31, 2010.
Brennan asks if they will need more time beyond April.
Daniel responds that NBV is working toward a closing in March, and the request to extend to April is in case anything slips.
Daniel indicates that at the SRA’s regular meeting in March, they will consider the final amendment to the LDA and a proposed alternative to the performance bond.
Connelly: Motion to approve the LDA extension as proposed, seconded by Mitnik. Passes 4-0.
Connelly: Motion to adjourn, seconded by Vickers. Passes 4-0.
The meeting is adjourned at 7:30 AM.
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