HomeMy WebLinkAboutAHTMeetingMinutes_08.31.15 North Andover
Affordable Housing Trust
Meeting Minutes
Monday August 31,2015
Town Hall, 1St Floor Conference Room
Present: George Koehler, Laurie Burzlaff,Tracy Watson, Rob Bernardin
The AHT meeting was called to order at 6:50 p.m.
A special meeting of the North Andover Affordable Housing Trust was called to select a member and vote to authorize
that Trustee to sign any and all documents necessary for the project at 64-66 May Street on behalf of the North Andover
Affordable Trust.
MOTION: L. Burzlaff made a motion which was seconded by R. Bernardin to authorize George Koehler to execute on
behalf of the Trust any and all documents related to the grant/loan to Bread &. Roses Housing, Inc. in the amount of
$400,000.00 for the purposes of purchasing 64-66 May Street. (The vote was 4-0, unanimous in favor.)
Meeting adiourned at 6:55 p.m. (L. Burzlaff motioned to adjourn.T. Watson seconded the motion.
(The vote was 4-0, unanimous in favor.)
NEXT MEETING: September 15, 2015 @ 4 p.m. in Town Hall.
MEETING MATERIALS: DRAFT Mortgage (8 pages), DRAFT Promissory Note (4 pages), DRAFT Grant Agreement (10
pages), DRAFT Affordable Housing Restrictive Covenant (5 pages)
Page 1 of 2 August 11, 2015