MassDevelopment Board of Directors

Thursday, March 13, 2014, 10:00 a.m.

99 High Street, 11th Floor

Boston, MA

UPDATED AGENDA

[Secretary’s Note: This agenda includes walk-in items and any other changes at the Board meeting.]

MINUTES

1.  Minutes of February 13, 2014 Board Meeting –Vote

PRESIDENT / CEO REPORT

·  Monthly Update

Compensation Committee – Chair: P. McGovern

·  Report of March 13, 2014 Meeting re: CEO Reappointment

# Reappointment of MassDevelopment President CEO – Vote

[walk-in]

GENERAL MATTERS

2.  Interagency Agreement Regarding Housing Opportunities for Families with Children

3.  Approval of Updated Agency Debt Issuance and Management Policy – Vote

4.  Second Quarter Financial Update

STRATEGIC PLANNING

5.  Agency Business Planning:

·  Report on Board Strategic Planning Session – Summary of Ideas

[hand-out]

i.  Agency Role in Housing

ii.  Transformative Redevelopment Proposal [hand-out]

·  Report & Response – Board Members Recommendations [hand-out]

i.  Schedule of topics for Board strategic
discussions

6.  MassDevelopment Annual Business Plan (FY2014) (informational)

7.  MassDevelopment Strategic Themes, Strategies and Key Performance Indicators (informational)

ADVANCED MANUFACTURING FUTURES PROGRAM

Manufacturing & Defense Sectors Committee – Chair: D. Kanin

·  Report of March 11, 2014 Meeting

·  Review of Advanced Manufacturing Fund financials [hand-out]

8.  Minutes of February 11, 2014 Meeting (informational) [hand-out]

9.  Approval of Contract with Selected Respondent for Energy Procurement and Contract Management Services for a Manufacturing Sector Energy Buying Group – Vote [hand-out]

COMMUNICATIONS REPORT

10.  Media Report (February) (informational)

BOND TRANSACTIONS

11.  Bond Detail Memorandum (informational)

12.  Approval of Senior Underwriter List for the I-Cubed Program – Vote

·  Bonds: Official Action Approvals

Official Action Projects without Volume Cap Request

13.  The Fessenden School (West Newton) – $18,000,000 – Vote

14.  Brockton Neighborhood Health Center, Inc. (Brockton) – $6,000,000 – Vote

Official Action Projects with Volume Cap Request

15.  Wayne at Bicknell, LLC (Boston) – $14,500,000 – Vote

·  Bonds: Final Approvals

Final Approval Projects without Volume Cap Request

16.  The MATCH School Foundation, Inc. (Boston) – (OA/FA) – $24,000,000 – Vote

17.  Friends of the Pioneer Valley Performing Arts High School, Inc. (South Hadley) – $4,260,000 – Vote

18.  ServiceNet, Inc. (Various) – $4,000,000 – Vote

19.  Fifty Northern Avenue LLC and Eleven Fan Pier Boulevard LLC
(Boston) – I-Cubed – $42,500,000 – Vote [hand-out]

Final Approvals Projects with Volume Cap Request

20.  Walnut Washington Apartments LLC (Boston) – $9,640,400 – Vote

Low Income Housing Tax Credits (“LIHTC”) Bond Issuer Tax Code Findings

21.  Walnut Washington Apartments LLC (Boston) (Tab 20) – LIHTC – Vote

STANDING BOARD COMMITTEES

Origination & Credit Committee - Chair: G. Cohen

·  Report of March 11, 2014 Meeting

22.  Minutes of February 11, 2014 Meeting (informational)

23.  Revisions to Delegation of Authority for Loan Workouts – Vote [hand-out]

·  Lending

24.  Monthly Delegated Authority Report for Loan Approvals (informational)

·  Community Development

25.  Monthly Delegated Authority Report for January 2014 (informational)

·  New Markets Tax Credits

26.  TechParc Properties, Inc. (Choctaw, MS) – NMTC Restructuring – $5,000,000 – Vote

Real Estate Development & Operations Committee – Chair: D. Abromowitz

·  Report of March 11, 2014 Meeting

27.  Minutes of February 11, 2014 Meeting (informational)

28.  Devens and Devens Environmental Updates

29.  Statewide Real Estate Projects Updates

30.  Northampton – Approval of Sale of 35 Acre Residential Lot to Transformations, Inc. – Vote [Executive Session]

31.  Lawrence – Discussion of Potential Purchase of 284 & 286-288 Essex Street or 226-232 Common Street [Executive Session]

EXECUTIVE SESSION

·  Tab 30 – Northampton – Approval of Sale of 35 Acre Residential Lot to Transformations, Inc. [hand-outs (spreadsheets)]

·  Tab 31 – Lawrence – Discussion of Potential Purchase of 284 & 286-288 Essex Street or 226-232 Common Street

OPEN SESSION

·  VOTE on Tab 30 – Northampton – Approval of Sale of 35 Acre Residential Lot to Transformations, Inc.

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