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HomeMy WebLinkAboutAtty Ubelis Ltr to ZBA 2004.10.6 - Correspondence - 0000 Meetinghouse Road 10/6/2004 SMOLAK & VAUGHAN LLP Attomicys at Law Jefferson Office Park 820 Turnpike Street, Suite 208 North Andover, Massachusetts 01848 } Telephone 978-327-5220 Facsimile 978-327-5219 John T.Scnolak,Esq. Dircet 978-327-5215 Email:jsms�lak��Sn�alakV�agiian.com ', October 6,2004 VIA FAX AND E-MAIL Thomas J. Urbelis,Esq. Urbelis&Fieldsteel, LL.P 155 Federal Street Boston, Massachusetts 02110 RE: Approval.of Form of Regulatory Agreement and Deed Rider Comprehensive Permit, dated May 24,2002 Project: Meetinghouse Commons Property: South Bradford Street, North Andover Applicant& Owner: Meetinghouse Commons LLC Dear Attorney Urbelis: Thank you for your prompt response to my September 24,2004 letter which included a proposed form.of Regulatory Agreement, Deed Rider and Monitoring Services Agreement. The following;are my comments in response to your October 1, 2004 letter: 1. With respect to the Monitoring Services Agreement,you have recommended to (lie Board of Appeals to increase the limit on the amount the Monitoring Agent should spend for enforcement of the Regulatory Agreement from $2,000 to $20,000. As you requested,we have made this change. Also note that we have also made several additional changes to Paragraph 2 of the Monitoring Services Agreement based upon the request of CHAPA. Those changes relate to the way CITAPA's initial fee would be paid, and the amount that CHAPA would be paid upon the resale of each Affordable Unit. 2. Paragraph 1(b)of the Deed Rider is a standard provision within Deed Riders because one cannot expect an owner or lender to agree to hold onto an affordable unit for months or years if an eligible purchaser could not be found and that is why this provision is included as a standard provision in Deed Riders for all the various affordable housing programs (Le., New England Fund, Housing Starts). Please note, however,that the Town is protected in that if an eligible purchaser cannot be located, then the difference between the Market Sale Price and the defined Maxtmu n Resale Price must be paid to the Municipality. Please note that this provision includes exactly the same language your office had previously approved in Regulatory Agreements for both the Kittredge BOARD OF APPEAUS SMOLAK& VAUGHAN LLP Thomas J. Urbelis, Esq. October 6,2004 Crossing Project,as well as the Coachman's Development Project located off Haverhill Street in Andover. 3. Paragraph 12 of the Meetinghouse Commons Comprehensive Permit Decision appears to include the same requirements as to term which were imposed on the units for the Kittredge Crossing Project. The provisions related to the term of affordability set forth in the Deed Rider for this Project include the identical term of restriction approved by you in the Kittredge Crossing Project. Accordingly,we feel the 99-year term should be sufficient in this circumstance and there is no reason to treat this Project differently from the Kittredge Crossing Project since both were approved using identical subsidy programs. 4. The condominium documents are in the process of being prepared by the Applicant but have not yet been completed, As soon as the same are completed, we will forward the.same to you for your approval as to form. The approval requirement is a precondition to the issuance of a certificate of occupancy and is not a precondition to the issuance of a building permit, 1 have enclosed a compare version of the Monitoring Agreement which identifies the changes made as discussed above. Once again, that you for your response to our September 24,XNA letter to you, and please contact me at your earliest convenience should you have any questions regarding these matters since the Board will be holding a meeting on this matter next Tuesday,October 12. Very truly yours, John T.Smolak JTSJ ` cc: Town of North Andover Zoning Board of Appeals Thomas D. Zahoruiko,Manager,Meetinghouse Commons, LLC 1