MassDevelopment Board of Directors
Thursday, July 9, 2015, 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. MassDevelopment June 11, 2015 Meeting – Voice Vote [Handout (amended minutes)]
2. MassDevelopment Executive Session June 11, 2015 Meeting – Voice Vote
PRESIDENT / CEO REPORT
· Monthly Update
GENERAL MATTERS
3. MassDevelopment FY2016 Agency Operating and Capital Budget Updates – Voice Vote [Handout (cover memo)]
4. Presentation on Agency IT Security Defenses
STRATEGIC PLANNING
5. MassDevelopment FY2016 Strategic Themes and Business Plan Goals (informational)
MARKETING/COMMUNICATIONS
6. Media Report (June) (informational)
BOND TRANSACTIONS
7. Delegated Authority Report (informational)
8. Bond Detail Memorandum
· Bonds: Official Action Approvals
Official Action Projects without Volume Cap Request
9. The Residences at Fifty West Broadway, LLC (Boston) – $46,194,716 – Vote
10. Dexter Southfield, Inc. (Brookline) – $39,234,000 – Vote
11. Trustees of Clark University (Worcester) – $19,000,000 – Vote
12. Holyoke Medical Center, Inc. (Holyoke) – $15,000,000 – Vote
13. Malden Catholic High School (Malden) – $5,300,000 – Vote
14. Marbury Terrace, Inc. (Boston) – $4,370,000 – Vote
Official Action Projects with Volume Cap Request
15. Olde English Village Preservation, L.P. (Gardner) – $12,789,000 – Vote
· Bonds: Final Approvals
Final Approval Projects without Volume Cap Request
16. Babson College (Wellesley & Needham) – (OA/FA) – $67,000,000 – Vote
17. Noble and Greenough School (Dedham) – (OA/FA) – $27,000,000 – Vote
[See Secretary’s Note]
18. Chelsea Jewish Green House, Inc. (Chelsea) – (OA/FA) – $17,050,000 – Vote
[See Secretary’s Note]
19. The Trustees of Hampshire College (Amherst) – $15,000,000 – Vote
20. Five Colleges, Incorporated (Hadley) – $9,500,000 – Vote
21. The Cambridge School of Weston, Inc. (Weston) – (OA/FA) – $9,000,000 – Vote
22. North Shore Heritage Associates, Inc. (Various) – (OA/FA) – $4,537,000 – Vote
23. The Malden Young Men’s Christian Association (Malden) – $3,875,000 – Vote
Final Approval Projects with Volume Cap Request
24. Finicky Pet Food, Inc. (New Bedford) – $5,500,000 – Vote
25. Port Landing Tenant LLC (Cambridge) – $4,900,000 – Vote
26. Harborlight House LLC (Beverly) – $4,500,000 – Vote
Low Income Housing Tax Credits (“LIHTC”) Bond Issuer Tax Code Findings
27. Port Landing Tenant LLC (Cambridge) – (Tab 25) – LIHTC – Vote
28. Harborlight House LLC (Beverly) – (Tab 26) – LIHTC – Vote
STANDING BOARD COMMITTEES
Audit & Administration Committee – Chair: P. McGovern
· Report of July 9, 2015 Meeting [Handout (contact info.)]
29. Minutes of June 2, 2015 Meeting (informational)
Manufacturing & Defense Sectors Committee – Chair: D. Kanin
· Report of July 7, 2015 Meeting
30. Minutes of June 9, 2015 Meeting (informational)
31. Grant to City of Chicopee and Westover Metropolitan Development Corporation for Improvements at Westover Air Base – Vote
# Walk-in. Contract for the Roosevelt Group – Vote [Handouts (Memo & Vote)]
Origination & Credit Committee – Chair: G. Cohen
· Report of July 7, 2015 Meeting
· Lending
32. Monthly Delegated Authority Report for Loan Approvals (informational)
· Community Development
33. Monthly Delegated Authority Report (informational)
Real Estate Development & Operations Committee - Chair: D. Abromowitz
· Report of July 7, 2015 Meeting
34. Minutes of June 9, 2015 Meeting (informational)
35. Devens and Devens Environmental Updates (informational)
36. Devens – Contract Extension – Compass Facility Services, Inc. – Vote
37. Statewide Real Estate Projects Updates
38. Transformative Development Initiative (TDI) – Equity Investments /Technical Assistance Updates
39. TDI – Award of Owner’s Project Manager (OPM) House Doctor Contracts – Vote
40. Devens – Sale of 105 Walker Road to Salad Bowl Farms, LLC – Vote [Executive Session]
41. Village Hill, Northampton – Sale of 4.7 Acre Lot on Ford Crossing to The Pecoy Companies – Vote [Executive Session]
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