Meeting Minutes

FALMOUTH EDIC EXECUTIVE SESSION MEETING:  November 14, 2017

Falmouth Town Hall, Selectmens Meeting Room, 59 Town Hall Square,
Falmouth, MA 02540

PRESENT
Michael Galasso (C), Susan Moran (VC), Christopher Simmler (Ck), Christopher Langlais (T), Jim Fox, Brooks Bartlett, Christopher Land

10:25 am* MOTION: Galasso made a motion to move into Executive Session. Simmler 2nd. Roll Call: Aye Chris Simmler, Aye Christopher Langlais, Aye Michael Galasso, Aye Susan Moran, Aye Jim Fox, Aye Brooks Bartlett, Aye Chris Land.

10:26 EDIC LAND IN FALMOUTH TECHNOLOGY PARK – Jim Fox

  • EDIC has 2 acres of land in the Falmouth Tech Park.

  • Joe Clancy will give an opinion/appraisal on its Lease Hold Value for $750.

  • Need a Lease Value before we can discuss an Offer to Lease.

  • Fox recommends that we lease vs. sell the land, to bring consistent income into the EDIC – estimated at $16k a year.

  • Falmouth Aquatics is making an offer for an adjoining land, but they need 2 more acres for their projected building site. Fox thinks it may be possible that they would lease the EDIC land to complete their development plan.

  • Fox will work for free (no financial interest) if he represents the EDIC in this transaction.

  • Fox wanted to obtain Board approval to approach Falmouth Aquatics.

  • Fox will recuse himself if his participation poses a problem.

  • It will take a couple years to begin the project to get thru zoning and other permits.

  • It is unknown what part the YMCA may take in the Falmouth Aquatics project.

  • Fox will present the letter of intent and lease ideas at the next meeting.

10:44 ADJOURNMENT

A motion was made by Moran to adjourn the Executive session. Simmler 2nd. Roll Call: Aye Chris Simmler, Aye Christopher Langlais, Aye Michael Galasso, Aye Susan Moran, Aye Jim Fox, Aye Brooks Bartlett, Aye Chris Land. All in Favor. Motion passed.

NEXT MEETING – December 12, 2017, 8 am

 
 

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