HomeMy WebLinkAboutCPC Minutes - 07 30 2010 Special Meeting_201402061424152203SPECIAL MEETING MINUTES
Community Preservation Committee
Tuesday, July 30, 2010 3:15pm
2 Fairgrounds Road Conference Room
Nantucket, MA
PRESENT: Ken Beaugrand, Richard Brannigan, Linda Williams, Clark
Whitcomb, Channing Moore, T.J Grant, Michael Kopko arrived at
3:20, Mark Voigt arrived at 3:22
CALL TO ORDER: 3:15 PM
APPROVAL OF AGENDA: Motion made by Ms Williams and seconded by
Mr. Grant, positive vote followed
Purpose of Meeting: The CPC office received an e-mail dated July
26, 2010 requesting an emergency meeting. This meeting is called
at the request of the AHTF which said “A situation has arisen in
the proceeding 24 hours that requires a distribution of funds
imminently.”
CORRESPONDENCE: See package 1. Housing Trust-West Tisbury
2.Chilmark CPC HELM loan program grant agreement. 3.Stuart
Saginor of the CPA Coalition on CPA and Housing Trust. 4.
Request from AHTF for emergency meeting.
GUESTS: Susan B. Witte, Whitey Willauer, Fernando Esteban,
Charles Hughes, Rick Atherton, Patty Roggeveen, Brain Chadwick,
Jeri Hicks
FUND REQUISITIONS: Motion made by Mr. Kopko and seconded by Mr.
Grant to:
That the request of the Affordable Housing Trust Fund in the
amount of $350,000 for the purchase of a property located on
Surfside Road be funded with the affordable deed restrictions
for the property to remain permanent, and
That the request of the Affordable Housing Trust Fund in the
amount of $21,878 for staff salaries be funded, and
That the request of the Affordable Housing Trust Fund in the
amount of $88,277 to fund the gap financing program of the
Affordable Housing Trust Fund be funded, with the proceeds only
to be awarded to applicants who fall within the 100% of AMI
guidelines for Nantucket, and
That a Loan Program Grant Agreement incorporating the terms
outlined in the email from Stuart Saginor of the Community
Preservation coalition be entered into between the Trust and the
CPC, such documentation to be initially drafted between the
parties without the use of external counsel, and
That mutually agreeable reporting procedures as to the
expenditure of the funds be agreed upon between the parties, and
That the last two items be achieved before September 15, 2010.
The vote taken on this motion was: 6 yes, 1 no, and 1 abstain
OLD BUSINESS:
NEW BUSINESS:
OTHER BUSINESS:
ADJOURMENT: Motion to adjourn by Mr. Kopko and seconded by Ms
Williams
The meeting was adjourned at 4:14pm.
The next regular meeting will be held on Tuesday, August 17,
2010 at 3:15pm at 1 India Street, Nantucket Atheneum, Great
Hall.