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2013-04-11CITY OF BEVERLY PUBLIC MEETING MINUTES BOARD OR COMMISSION: SUBCOMMITTEE: DATE: LOCATION: MEMBERS PRESENT: MEMBERS ABSENT: OTHERS: RECORDER: Economic and Community Development Council Charlene St. Jean, Don Fournier, Bill Howard, Mike Collins Thursday, April 11, 2013 Site visit to Brimbal / Sohier Road area Vice Chairman Neil Douglas Tina Cassidy Paul Guanci Mayor William Scanlon, Denise Deschamps, John Dunn Tina Cassidy Douglas calls the site visit (which starts at the Vittori - Rocci Post parking lot) to order. He distributes a handout to those present which contains an aerial photo of the general area, a map showing property lines, ownership and building footprints, and various other site specific maps. While at the Rocci Post Douglas points out that Santin owns the abutting property consisting of 50,000 sq. ft. of floor space and has plans /desire to redevelop the site for commercial space in the future. Santin also owns the property at 129 Brimbal Avenue space which is presently being leased to Symmetricom and Enzymatic Corporation. The parcel across the street owned by Brimbal Avenue Development LLC is already permitted for a commercial retail development and the owner is willing to "swap" land to make Phase I of the Brimbal Avenue overpass project possible. He is anxious to build and has identified a retail anchor for the site. Mayor Scanlon adds that the owner's representative (Steve Cohen) is very amenable to working with the City and the State to make both projects realities. He also says that the contemplated land swap with Brimbal Avenue Development LLC is essential to the future of Phase I. Douglas points out various other parcels in the area, noting that Appleseed's facilities on Tozer Road will soon be vacant and that the 35,000 sq. ft. facility formerly occupied by Kaiser Systems is also available. Next, members visit Bomac Road. There Douglas points out the 180,000 sq. ft. complex currently occupied by CPI; the ballfield owned by CPI; the building at the end of Bomac Road which was recently sold by CPI to Halistar; and the temporary access through CPI's property to Cell Signaling's site on Tozer Road. Douglas mentions Cell's desire for better access to Sohier Road, which could be effected via CPI's existing driveway or a new one to be constructed. There is also a desire to see a sidewalk constructed along a portion of Bomac Road to connect to a sidewalk on Sohier and possibly a new traffic signal at the Bomac / Sohier intersection. Final ECDC Site Visit Minutes April 11, 2013 Page 1 of 2 Next, members visit the property of Northridge Homes, Inc. Douglas explains that there are 98 1, 2 and 3 bedroom units in this development and that 75% of the units are affordable. The form of home ownership is cooperative, meaning every unit owner is a stakeholder. The affordability restriction on the affordable units is due to expire in two to three years and the owners are now considering their collective future course of action which could include selling to a for - profit developer. If this happened the value of the property would increase substantially (and therefore the real estate tax revenue) but the 75 or so affordable housing units would be "lost" from the City's inventory. There is the potential for an additional 60 -75 residential units on the property. The owners would like to see a new access point to the property from a newly- reconfigured roadway layout associated with Phase I of the Brimbal Ave. overpass project. There being no other business, the site visit concludes at approximately 4:10 p.m. Final ECDC Site Visit Minutes April 11, 2013 Page 2 of 2