Jlus implementation Committee Meeting Lakeside Offices Jane Jacobs Conference Room May 13, 2011

How the purchase price will be determined, and whether it will include Goodwill

Whether their debt will be paid in full, and

Whether there will be

1. 
   new loan considerations
   
2. 
   relocation considerations
   
3. 
   tenant considerations
   
4. 
   considerations for business expansions
   
5. 
   business & building permit processing considerations
   
6. 
   and whether there will be considerations for tax & attorney consultations
   

The Vice Chair indicated that these issues will not be addressed until we have progressed much further.

The general question discussed was how to achieve that balance between property rights and protecting the health, safety and welfare of those living or working in the safety zones. One property owner indicated that even if he gets bought out that he still has to go through a number of processes to get a new business going.
The Vice Chair explained that the specifics can always be negotiated. The committee would expect that resources to assist property owners in the clear zone will be available.
It was clarified for the property owners that currently, nothing in the clear zone is impacted; we are just studying what needs to be done. However, the desire is to clear it. Property owners will be compensated. In the APZs there will still be permitted uses; however, the goal is to limit density to minimize the number of people concentrated there without creating a hardship to the business.

Information Sharing Presentation by Jim Estepp	Presentation by Jim Estepp was postponed. He will give a presentation on the business Roundtable at a future meeting. Staff will follow up. Next meeting will be June 10, 2011 @9:00 at Lakeside. Ms. Cavitt announced that it may be her last meeting as Vice-Chair due to appointment of new members of the Planning Board.
Adjournment	Vice – Chair adjourned the meeting at 10:35am.