Meeting Minutes
FALMOUTH EDIC OPEN MEETING: November 13, 2018
Town Hall, Selectmen’s Meeting Room
Falmouth, MA
PRESENT
Christopher Land (C), Susan Moran (VC), Christopher Simmler (Ck), Paul Burke (T), Michael Galasso, Brooks Bartlett
8:35 am
CALL TO ORDER
Having established a quorum, the Vice - Chair called the meeting to order.
8:35 am
PUBLIC COMMENT
None
8:36 am Michael Morris, Sr. Sales Director, CIVIQ Smartscapes, www.civiqsmartscapes.com
Civiq in business for 4 years. Sister company 30 years in business - making industrial computers and displays. Civiq is a spin off.
It is a rugged communication platform.
2000 devices in cities worldwide. NYC has 800 – adding 1,000 more. NYC subway has 400. Devices also in London, Toronto, Montreal, South American and the Yukon.
Located in Milford, MA and product manufactured in Mass.
Technology is proprietary design, patents for heating and cooling system and screen systems.
Smart City perspective – enable communication to cities and its’ citizens and visitors.
Lots of intelligence to monitor lights, traffic, waste removal, parking, crowd control, etc.
Users interface with the kiosks, to search for a multitude of POI items. It is ADA compliant.
Space for advertising and branding is available.
Wifi access points are available on the kiosk, or a cellular antenna to sell to a wireless provider.
Cost is $25K a unit, plus Annual Software fees and software upgrades. Servicing and maintaining is not complicated – the DPW and/or Town IT Depts. typically maintain the kiosks.
Galasso suggested we include this product with a grant to be completed for the bikeway crosswalk.
Jeannine Marshall, President, Coastal Community Capital, www.coastalcommunitycapital.org
Have had a borrowing relationship with the FEDIC since 2012.
EDIC funded $100K which was lent out. $42K still outstanding from a daycare provider business.
They are a community development financial institution. Do a lot of SBA lending/ micro lending.
Lending since 1995. $22M in total loans for 2018.
2018 Loan Stats: 40% women, 13% minorities, 33% immigrants, 33% located in low income communities, 9% veterans.
Falmouth 2018 Stats: $14.5M in loans,158 jobs created or retained.
Facilitate workshops partnering with the Falmouth Chamber of Commerce.
Galasso inquired if CCC would be interested in lending EDIC money to buy down interest rates to loans made to Falmouth businesses. Marshall replied yes.
Of the $100K the EDIC lent, $60K was paid back and $40K is outstanding.
CCC interest rates are typically slightly higher than the market rate, to support their 501(c)3 business operations, and the partnering with banks to mitigate risks on the larger dollars.
9:11 am COMMITTEE REPORTS:
FRIENDS OF FALMOUTH STATION, Jim Fox
Fox drafted the Friends of Falmouth Station’s (FFS) mission statement: The mission of the FFS is to preserve the railroading heritage of Falmouth by maintaining the Station as a community gathering spot for educational and social activities.
The FFS Board has not been finalized – Fox to continue to work on this.
The Jazz Stroll was very successful, about 150 people attended. Upcoming events are: Dec. 8th Falmouth Holiday Stroll, May 12th – National Railroad Day, Aug. 10th – Ice Cream Social.
Fox requested $35 to file the FFS Article of Incorporation and $275 to file with IRS.
MOTION: Moran made a motion to approve the funds as requested. Galasso 2nd. All in favor. Approved.
Moran again recognized the Glynn Law Firm for assisting with the legal documentation undertaken pro bono for this endeavor.
TECH PARK
Laura Moynihan, Attorney at Law, www.moynihanlaw.com
Spoke to Jonathon Idman, Chief Regulatory Officer at the Cape Cod Commission (CCC) on behalf of FEDIC in regard to the Development Agreement (DA) Extension.
CCC thinks the 3-year extension provides able time for the property owners to take advantage of the agreement.
Idman’s main concern is who the party will be contracting for a new DA. Typically DA’s are entered into by One Landowner who owns several vacant lots. There have only been 5 DA’s in the history of CCC (since the 1990’s). The model is that one landowner owns all properties and has legal authority to contract with the CCC to bind all the lots to the development restrictions.
Now the Tech Park now has multiple owners – the concern is that it is not thought that the FEDIC has the standing to enter into an agreement for all the Tech Park property owners.
Moynihan summarized all points and challenges in a letter to the FEDIC.
There may be standing with the CCC of a formal incorporated entity or organization of lot owners, like an owner’s association.
The CCC may want to understand what benefits to the CCC will be to have a DA.
Competing issues may be a challenge when dealing with multiple owners on a DA, as well as the expense to complete one.
Moynihan advised that the CCC regulations have changed since its’ inception. It could be a DA may not be of assistance to the Tech Park development – i.e. endangered species, etc.
There is much more flexibility with the CCC since DA was created, and it will be easier than the Tech Park owners think it will be to work with them individually.
Moynihan advised the CCC designated the Tech Park as a Chapter H Regulations – which is that development and redevelopment up to 40 sq. ft. of floor area can occur for uses of Research and Development and LIB – and are exempt from the CCC review. A significant change that occurred after the DA. It is not attached/included with the DA.
Also new with CCC is the Limited DRI Review – where the CCC and Developer together identify issues area that development affects. Narrows the focus of the review which lessens the cost and time to complete the process.
Moynihan recommends the Tech Park only hold an advisory role and to be careful when thinking about representing the Tech Park property owner’s development thoughts and desires.
Moran and Land requests that Moynihan create a letter in collaboration with Broderick and Moran, to the Tech Park Owners and Tenants, outlining the points mentioned today, particularly the issue of “standing”. Moran requests the FEDIC take no action until after requesting another meeting with the Owners/Tenants. Ltr. to be sent certified.
Jim Fox, Broker Associate, Kinlin-Grover Realty, jfox@kinlingrover.com
Fox drafted the Friends of Falmouth Station’s (FFS) mission statement: The mission of the FFS is to preserve the railroading heritage of Falmouth by maintaining the Station as a community gathering spot for educational and social activities.
The FFS Board has not been finalized – Fox to continue to work on this.
The Jazz Stroll was very successful, about 150 people attended. Upcoming events are: Dec. 8th Falmouth Holiday Stroll, May 12th – National Railroad Day, Aug. 10th – Ice Cream Social.
Fox requested $35 to file the FFS Article of Incorporation and $275 to file with IRS.
MOTION: Moran made a motion to approve the funds as requested. Galasso 2nd. All in favor. Approved.
Moran again recognized the Glynn Law Firm for assisting with the legal documentation undertaken pro bono for this endeavor.
FALMOUTH STATION
Chris Simmler, Lynne Broderick
Simmler working on design for the crosswalk over RR tracks. Price is estimated at $25K.
Simmler to revisit a grant combining the crosswalk and the kiosk, with Go Fund Me.
Moran said this would need to be combined effort with the Town Mgr.
Moran requested Broderick set up a meeting with Chamber, Town Counsel, Town Finance Selectmen and Town Mgr. with CIVIQ first. Then combine funding efforts of CIVIQ kiosks with Station bikeway crosswalk.
Moran requested a flow chart from Simmler for time period of actions and potential options.
Galasso suggested Commonwealth Place / Mass Development for a grant funding. To move forward with the crosswalk design plans, bids and approvals by MassDOT and include the Kiosks later.
LANDFILL SOLAR DEVELOPMENT PHASE 2
Michael Galasso
No recent updates. The connection agreement is being reviewed by Eversource.
REAL ESTATE
No update.
FINANCE
Paul Burke
Burke advised that Highfield Hall made final payment on their loan. Only 1 outstanding loan for $40K to a Daycare Ctr.
Burke noticed that the term for the extension of the loan notification process was not clearly defined within the loan documentation. Going forward need to do better defining extension terms on EDIC loans. Burke will have them sign something that they decided to extend the loan.
MOTION: Burke made a motion to obtain a corrective document, with acknowledging the extension of the loan. Moran 2nd. All in favor. Approved.
MOTION: Burke made a motion to approve the Nov. 11, 2018 warrant in the amount of $8,615.06. Moran 2nd. All in favor. Approved.
Galasso requested a separate account be created for The Open Cape project. incoming funding will be maintained separately – a total of $280K. Burke to hold funds in a Money Market Acct.
OPEN CAPE
Brooks Bartlett, Michael Galasso
Galasso referred to a letter sent by Steve Johnston to Governor Baker asking for the release of the $200K funding. Requested the Selectmen’s assistance to move along the process.
DRAFT OF STRATEGIC PLANS
Chris Land
To be continued at a future meeting.
FALMOUTH HOUSING AUTHORITY, LOAN FROM EDIC
Michael Galasso
Galasso advised that Exec. Director Bobbi Richards has put this project on hold.
MASS DEVELOPMENT CO-WORKING SPACE GRANT APPLICATION
Michael Galasso
Galasso advised the grant was not approved.
E FOR ALL, PITCH CONTEST
Brooks Bartlett
Bartlett advised winter is a challenge due to vacation schedules. Considering a spring date. Do not want to compete with the Hyannis Pitch Contest. A decision needs to be made about the expense of $10K. Brooks to continue to work on the project.
2018 - 2019 GOALS
Chris Land
Postponed until the December meeting.
AMENDED AND RESTATED BYLAWS 2007
Attorney Moynihan advised that it was time for the FEDIC to review the 2007 Draft Bylaws and a vote to be done.
Moynihan provided several minor suggestions but said that the 2007 Draft Bylaws were thorough and well done by Atty. Butler.
Moynihan to check open meeting laws to see if possible to maintain an Executive Committee, and to inquire into rules regarding making decisions by said committee in between the public board meetings.
The Annual Meeting article is to be held once a year, in September. Moynihan advised there is no statute that the FEDIC has a special meeting; it can be a normal meeting, and just named as the Annual Meeting.
Moynihan to do a red line version to start the update process for the FEDIC Board.
EDIC DEEP DIVE MEETINGS
Broderick and Bartlett are organizing a Lunch Meeting for early December.
10:13 am
EDIC ADMINISTRATIVE BUSINESS
MOTION: Simmler made a motion to approve the October 30, 2018 Board Meeting Minutes. Galasso 2nd. All others in favor. Approved.
1115 am
FUTURE AGENDA ITEMS
Lauren Barker, CEO, Cape Cod Young Professionals – December
Chris Simmler, Railroad Track Crosswalk Presentation - December
11:20 am
ADJOURNMENT
MOTON: Simmler made a motion to adjourn. Galasso 2nd. All in favor. Approved.
NEXT MEETING
December 7, 2018, 11am, Woods Hole Golf Club
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