5/31/18 Somerville Redevelopment Authority Meeting Notes Reply

5/31/18

SRA Meeting

Present: Gage, Ercolini, Bonney, Busnach, staff

Bottom Line on Top. Pardon any errors.

US2 has completed closing with USAA.  Voted authorization to escrow relocation package for Mr. Francis Fahey, gives person 30 days to move out. Many new stores opening in Assembly Square. Special permit for Assembly’s Edge granted. 5 Middlesex Xmbly before PB next week for master plan. Executive session to discuss litigation: Prospect Iron & Steel, Mr. Fahey. Voted on Prospect Iron & Steel, I do not know result.

Next SRA meeting June 28.


Approval of 4/26 minutes (postponed to June meeting)

McGettigen: Sue recorded last meeting, minutes didn’t include motion to accept annual report. Moved and seconded and voted in.

Union Square Update

US2 has completed closing with USAA. Launching new project website. Increasing marketing to commercial tenants. International buyers conference next week. Started design on D2. 80 people at neighborhood meeting. Start construction Q4. Draft application to go to SRA in July.

McGettigen: You’ve got 15 days to review 400 pp. application. Review it immediately. Submit to McG. She’ll compile them.

US2 talking with other developers. Starting infrastructure implementation. 4 seasons of work.

Gage: traffic really bad.

A: traffic bad everywhere.

Bonney: Union Sq. traffic is hit or miss.

Ercolini: Some people are changing their routes partly due to spill by the Mystic.
Gage: Helpful if someone would coordinate all these projects.

A: Got group meeting every week. City web site describes ongoing construction.

McG: Vote authorization to escrow money, gives person 30 days to move out. Mr. Francis Fahey relocation. Busnach to sign it, will be given to lawyer ASAP.
Moved and voted.

Busnach: Very long process.

Assembly Square Update

Cycle Bar under construction. Montage residence is 60% leased. Hotel due to open in August. Ralph Loren opened. Smoke shop opening July. Many others.

Special permit for Assembly’s Edge granted. Mobilizing to break ground later this year. 5 Middlesex Xmbly before PB next week for master plan.

Next SRA meeting June 28.

Executive session starts to discuss litigation: Prospect Iron & Steel, Mr. Fahey.

[Note: I had to leave, but after the executive session was a vote on a settlement with Prospect Iron & Steel. I will add a link to the formal minutes when they appear.]

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