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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