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2012-09-12CITY OF BEVERLY PUBLIC MEETING MINUTES BOARD OR COMMISSION: Economic and Community Development Council SUBCOMMITTEE: DATE: Wednesday, September 12, 2012 LOCATION: Beverly Public Library — Staff Conference Room MEMBERS PRESENT: Chairman Paul Guanci, Tina Cassidy, Charlene St. Jean, Don Fournier, Mike Collins MEMBERS ABSENT: Vice Chairman Neil Douglas, Bill Howard OTHERS: Mayor William Scanlon, Economic Development Planner Denise Deschamps RECORDER: Eileen Sacco Guanci calls the meeting to order at 5:30 p.m. 1. Discussion: Update on Brimbal Avenue/Route 128 Overpass Improvement Proiect (stakeholders meetings, progress on proiect funding) - Mayor Scanlon Mayor Scanlon addresses the ECDC and reports that the City submitted a MassWorks grant application for $5,480,000 to the State last Friday. He notes that in order to get started on the project they are looking at it in two phases. The $5,480,000 MassWorks application would cover the cost of construction of the first phase of the project. Scanlon reports that area businesses are willing to invest in their businesses and mentions in particular CEA Group representative Steve Cohen, who is ready to invest $20 million in his site across from the Vittori -Rocci Post and has an anchor tenant already identified. He also notes that the City has reason to believe that Beverly Hospital is willing to invest $95 million in a new building on its site. Scanlon projects that Phase 2 might cost an estimated $19 -20 million. Guanci asks if Phase 1 could happen without phase 2. Scanlon states that it is possible, but without the overpass in Phase 2, both the North Shore Music Theater property and the former Parker Brothers property now owned by Cummings will always be difficult to access and develop meaningfully. Cassidy says she does not expect funding announcements anytime before the election in November. Deschamps adds that there were letters of support for the project submitted with the grant application from several communities and from the North Shore Alliance for Economic Development. Final ECDC Meeting Minutes 9112112 Meeting Page I of 3 St. Jean asks about the possible taking of the gas station on Brimbal Avenue. Mayor Scanlon explains that using the gas station property for the access road would have resulted in the project going through a wetland and MassDOT does not want to do that. Guanci notes that Phase 1 will have no impact on the residents. There being no further discussion on this matter at this time, Councilor Guanci thanks Mayor Scanlon for the update. 2. Approval of Minutes The minutes of the June 6, 2012 meeting were presented for approval. Guanci asks if there are any corrections. There are none. Fournier: motion to approve the minutes of the ECDC meeting held on June 6, 2012 as amended, seconded by St. Jean. All members in favor, the motion carries 5 -0. 3. Update from Planning Director Tina Cassidy on Development Projects and "Development Scorecard" Kelleher — Vacant lot now owned by Flatley, currently being marketed with abutting property. MBTA Garage — Next T hearing is October 2012. Site work to start late October 2012. 232 -234 Essex Street — Withdrawn from consideration early summer 2012. Former Infiniti Building_ Construction complete and building is fully rented. Wellington /Oak Heights Modification — Denied by Planning Board; new one lot application pending in Wenham. Corner of Dodge and Conant — approvals granted summer of 2012. Construction under way. 79 Rantoul Street — Public Hearing started in June 2012. Ongoing. Black Cow — Cassidy reports that BPM appealed the Chapter 91 License and it could take a year to solve, but the Attorneys are confident that the City will ultimately prevail. Cassidy reports that there are no new projects to report on at this time. 4. Proposed Residential TIF District Cassidy explains that at the request of Beverly Main Streets the City Council is considering whether to create a tax increment financing district for residential projects in an area along Rantoul Street near the Depot. She explains the process for adopting a TIF district and the Final ECDC Meeting Minutes 9112112 Meeting Page 2 of 3 benefits of this process for the area. Cassidy requests that a letter of support from ECDC would be helpful to present to the City Council. Fournier states that he is comfortable with this and could support it. He suggests that Cassidy contact Douglas for input on the letter since he is not in attendance this evening. Collins: Motion that the ECDC send a letter of support to the City Council for the proposed residential TIF district. Fournier seconds the motion, all in favor. The motion carries 5 -0. 5. Next Meeting The next meeting of the ECDC will be held on December 5, 2012 at 5:30 p.m. 6. Adiournment Guanci asks if there is any other business for the Council to conduct at this meeting. There is none. Collins: motion to adjourn, seconded by Fournier. All members in favor, no one in opposition. The motion carries 6 -0. The meeting is adjourned at 6:30 p.m. Final ECDC Meeting Minutes 9112112 Meeting Page 3 of 3