FII BOARD MINUTES
SEPTEMBER 2, 2000
COMMUNITY CENTER

1. CALL TO ORDER:

The meeting was called to order by  President Thomas at 4:20 P.M.

President Thomas presented a brief outline of the FII property policy to the FII Stockholders attendees.

2. ATTENDANCE

Present were Diane Babineau, Steve Comley, Dave Decker, Dick Giggey, Carl Hommel, Fritz Mueller, Oleg Svetlichny, Mark Thomas and General Manager Rich Roedner. Bill Gately was excused.

3. CONSIDER BIDS ON THE FOLLOWING LOTS

1.                  Lot 913

Giggey reported on the bid from Stacey and Jane Hall, Lot 914, for $5,500 for Lot 913 as a Privacy Lot. Lot 913 is on Paddock Lane. This was discussed at a meeting of the Real Estate (RE) Committee, which made recommendations presented by Giggey.

It was MOVED and SECONDED that Lot 913 be sold to Stacey and Jane Hall as a Privacy Lot, per the FII Property Policy, for the sum of $5,500, subject to the condition that the closing date be at least one year after the date of their purchase of Lot 914, and subject to the provision that the deed for Lot 913 be issued in the same name as is Lot 914.

Svetlichny MOVED, and Hommel SECONDED, an amendment to this motion, that the proceeds from the sale be used only for repairs to the Frye Island Ferries. The amendment FAILED by a vote of 1-7.

The original motion was PASSED by a vote of 6-1-1.

The abutters will be notified of this motion, and it will be posted and published in the next two issues of the FINS. Final action on this offer will be made at the next scheduled meeting of the FII Board. 

The Hall’s down payment will be held until closing.

2.                  Lots 1653 and 1654

Giggey reported on the bid from Daniel O. and Linda P. Seaward, 2 Chauncey Creek Road, Kittery Point, ME 03905, for $129,000, for Lots 1653 and 1654. This was discussed at a meeting of the RE Committee, which made recommendations presented by Giggey. These lots are on the shorefront on Ridge Road. They are contiguous lots owned by FII, which must be merged into one lot per the State Minimum Lot Size Law.

It was MOVED and SECONDED that the Seaward’s offer, as delineated in their letter of August 25, 2000, be accepted, with the following exceptions:

The second condition in the Seaward letter is rejected, and the following change proposed: “This offer is subject to the Buyer obtaining proof that the lot passed a Septic System Soil Test within 30 days following acceptance of the bid”.

The fourth condition in the Seaward letter is rejected.

The first sentence in the fifth condition in the Seaward letter is rejected, and the following change proposed: “This transaction shall be closed with sixty (60) days from the date of the acceptance of this offer by the Seller at a place mutually agreeable to the parties”.

Motion PASSED unanimously.

The abutters will be notified of this motion, and it will be posted and published in the next two issues of the FINS. Final action on this offer will be made at the next scheduled meeting of the FII Board. 

3.                  Lots 76 and 77

Giggey reported that the FII had received a bid for $132,000 for Lots 76 and 77, Leisure Lane, contingent on determination that Lots 76 and 77 (combined) create a buildable lot, and pass a perk test.  These are shorefront lots adjacent to Beach 5, which the bidder had chosen from examination of the Island maps in the Town Offices. Since the abutters had not yet received notification of the bid per the FII Property Policy, the Real Estate Committee has not acted on the bid. However, the  RE Committee felt that Lots 76 and 77 should not be sold because of possible need for expansion of beach 5 due to rapid growth of north end of island resulting in a possible need of more beach area.

5.                   Lots 1387 and 1388

Giggey reported that the FII had received a bid for $12,000 from John Wetson for Lot 1387, contingent that the lot is resurveyed for 100 ft frontage, and passing of a perk test, and a bid from William Tyack for $12,000 for Lot 1388, contingent that the lot is resurveyed for 100 ft frontage, passing of a perk test, and possibly passing papers in March, 2001 (will pass papers anytime if this is a problem). These lots are on Oak Circle. Since the abutters had not yet received notification of the bid per the FII Property Policy, the RE Committee has not acted on the bid.  It was noted that both Lots are presently nonconforming, as they are under the minimum lot size required by the present zoning ordinance, and that Lot 1388 is additionally  nonconforming, as it does not have 100 feet of road frontage. However, the zoning changes, proposed by the Town Zoning Board will make the lots conforming as to size, if the ordinance changes are adapted at the October Town Meeting. Therefore, the RE Committee will recommend that the offers should be made contingent on the zoning changes being accepted. However, the proposed zoning changes do not address the road frontage problem of Lot 1388. The RE committee will recommend that Lot 1387 should be split into two roughly equal portions, and one portion combined with  Lot 1386 and one with Lot 1388 to form two conforming lots. Since both Lots would be roughly 32,000 sq ft in size, the RE Committee will propose that a counter offer be made to the bidders for a higher price for each lot. Also, that the offers be accepted with the contingence that the buyers would bear the cost of upgrading Oak Circle to meet minimum Town road standards, and that buyers will bear cost of having power brought to the sites and the Town will provide water at the road in front of each Lot, from which point the buyers can arrange hookups, at the usual Town rate.

6.                  Palli Offer

Giggey informed the board that the RE committee had reviewed a letter from Mr. Palli concerning his request for an exchange of his land and cottages off Rt121 in Raymond for a waterfront lot on FI. Mr. Palli's thinking is that his properties could be used for an off season office. The RE committee asked the General Manager Roedner to look into the values and condition of the properties and report back to the committee.

4.  DISCUSSION OF PROPOSED BALLFIELD CONSTRUCTION

Before discussion started, General Manager Roedner, acting in his role of Town Manager, suggested that any members of the Town Planning Board who were present, should leave the meeting, in order to remain unbiased on the project. Oleg Svetlichny left the meeting at this time.

Comley reported on the status of his negotiations  with the Purell Family. A commitment  letter has been received from them, agreeing to swap Lot 800 for Lots 1088 and 1089, on the condition that the FII pay for the transfer charges, and they agreed to pay for the perk test. Comley also reported that the perk test on Lot 1088 was successful.

Comley MOVED and Hommel SECONDED that the Purell offer be accepted. PASSED unanimously.

There was a general discussion of the ballfield project between the FII Board and FII Stockholders who were attending the meeting.

MOVED and SECONDED that the meeting be adjourned. PASSED unanimously. The meeting was adjourned at 5:45 PM.