Canton, Massachusetts · Saved source text
20220301T162317
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Source page 1
3 JOINT •AFFORDABLE HOUSING TRUST/ SELECT BOARD MINUTES TUESDAY, FEBRUARY 15, 2022 Salah Meeting Room — Canton Town Hall 801 Washington Street, Canton, MA 02021 5:30pm Housing Trust Members Present: David McCarthy, Laura Smead, Mike Loughran, Lisa Lopez, and Charlie Aspinwall Housing Trust Members Absent: John McSweeney and Randy Scollins Select Board Members Present: Tom Theodore, Chris Connolly, Mike Loughran, Lisa Lopez and John Connolly ITEMS: The purchase of 47 Turtle Brook Rd. for the purpose of preserving its affordable housing restriction, and reselling to an eligible buyer. • Lisa Lopez (Chair of Housing Trust) called the meeting of the Housing Trust to order. • Charlie Aspinwall recommended that the Select Board first approve the in -lieu of borrowing for the unit, so the Trust doesn't need to seek outside financing. • Charlie Aspinwall recommended that the Trust first make a uniqueness determination for the unit, so the property can be purchased without an RFP. 47 Turtle Brook is the only unit eligible to be purchased in order to be preserved on the subsidized housing inventory. • Tom Theodore (Select Board) moved and Chris Connolly seconded approving the in -lieu of borrowing report. No further discussion. Passed 5.0.0. • Lisa Lopez (Housing Trust) made a motion that the Trustees decide that the acquisition of the unit is unique for the purpose of waiving advertising requirements. Seconded by Mike Loughran. No further discussion. Passed 5-0-0. • Tom Theodore (Select Board) asked for clarification about the purpose of the motions. • Lisa Lopez (Housing Trust) explained that the first motion was to allow for the Trust to get the financing for the housing unit from the Town, rather than an outside bank. The second motion was to allow the Trust to purchase the unit without first using an RFP and advertising it. Because the property is so unique due to its affordable housing restriction, that the Town is only interested in purchasing this property at 47 Turtle Brook.
Source page 2
• Tom Theodore (Select Board) moved that with Select Board approval, The Canton Affordable Housing Trust (Trust) is authorized to acquire the Real Estate located at 47 Turtlebrook. No further discussion. Passed 5-0-0. • Lisa Lopez (Housing Trust) made a motion that the Trust vote to acquire 47 Turtlebrook. Seconded by Mike Loughran. No further discussion. Voted in favor 5-0-0. • Tom Theodore (Select Board) made the motion that the Trust is authorized to borrow funds from the Town to acquire the property at 47 Turtlebrook provided that a permanent affordable housing restriction be placed on the property by the Trust and that any proceeds from the sale of the unit by the Trust be used to repay the borrowing from the Town. Seconded by Chris Connolly. No further discussion. Passed 5-0.0. • Tom Theodore (Select Board) moved that the Board direct the Treasurer to transfer funds from the General Fund to the Trust. Chris Connolly seconded. No further discussion. Passed 5-0-0. • Lisa Lopez (Housing Trust) moved that with SB approval, the Trust do borrow the acquisition funds from the Town. Mike Loughran seconded. No further discussion. Passed 5-0-0. • Lisa Lopez (Housing Trust) moved that the Trust do acquire the property at 47 Turtlebrook, and accept the deed, and approve a uniqueness determination, and with Select Board approval, place a permanent affordable housing restriction on the property. Mike Loughran seconded. No further discussion. Passed 5-0-0. • Tom Theodore (Select Board) moved that the SB do vote to allow the Trust to sell the property to income qualified purchasers as marketed by CHAPA and to approve the permanent affordable housing restriction. Chris Connolly seconded. No further discussion. Passed 5-0-0. • Lisa Lopez (Housing Trust) moved that the Trust do declare the property surplus and to sell the property to income qualified purchasers with a marketing process managed by CHAPA, and transfer the deed to the new owner, and transfer the sale proceeds back to the Town. Mike Loughran seconded. No further discussion. Passed 5-0.0. • Lisa Lopez (Housing Trust) made a motion to adjourn the meeting of the Housing Trust. Mike Loughran seconded. No further discussion. Passed 5-0-0.
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Addendum Motions as drafted by Town Counsel: SB (Select Board) Vote — I move that With SB approval, The Canton Affordable Housing Trust (Trust) is authorized to acquire the Real Estate located at 47 Turtlebrook Trust Vote — I move that the Trust do vote to acquire 47 Turtlebrook SB vote — I move that the Trust is authorized to borrow funds from the Town to acquire the property at 47 Turtlebrook provided that a permanent affordable housing restriction be placed on the property by the Trust and that any proceeds from the sale of the unit by the Trust be used to repay the borrowing from the Town. SB vote - I move that the Board direct the Treasurer to transfer funds from the General Fund to the Trust Trust vote — I move that with SB approval, the Trust do borrow the acquisition funds from the Town Trust Vote - I move that the Trust do acquire the property at 47 Turtlebrook, and accept the deed, and approve a uniqueness determination, and with Select Board approval, place a permanent affordable housing restriction on the property. SB Vote - I move that the SB do vote to allow the Trust to sell the property to income qualified purchasers as marketed by CHAPA and to approve the permanent affordable housing restriction Trust Vote - I move that the Trust do declare the property surplus and to sell the property to income qualified purchasers with a marketing process managed by CHAPA, and transfer the deed to the new owner, and transfer the sale proceeds back to the Town.