MassDevelopment Boardof 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)]
  1. MassDevelopment Executive Session June 11, 2015 Meeting – Voice Vote

PRESIDENT / CEO REPORT

  • Monthly Update

GENERAL MATTERS

  1. MassDevelopment FY2016 AgencyOperating and Capital Budget Updates – Voice Vote [Handout (cover memo)]
  1. Presentation on Agency IT Security Defenses

STRATEGIC PLANNING

  1. MassDevelopment FY2016 Strategic Themes and Business Plan Goals (informational)

MARKETING/COMMUNICATIONS

  1. Media Report (June) (informational)

BOND TRANSACTIONS

  1. Delegated Authority Report (informational)
  1. Bond Detail Memorandum
  • Bonds: Official Action Approvals

Official Action Projects without Volume Cap Request

  1. The Residences at Fifty West Broadway, LLC (Boston) – $46,194,716 – Vote
  1. Dexter Southfield, Inc. (Brookline) – $39,234,000 – Vote
  1. Trustees of Clark University (Worcester) – $19,000,000 – Vote
  1. Holyoke Medical Center, Inc. (Holyoke) – $15,000,000 – Vote
  1. Malden Catholic High School (Malden) – $5,300,000 – Vote
  1. Marbury Terrace, Inc. (Boston) – $4,370,000 – Vote

Official Action Projects with Volume Cap Request

  1. Olde English Village Preservation, L.P. (Gardner) – $12,789,000 – Vote
  • Bonds: Final Approvals

Final ApprovalProjects without Volume Cap Request

  1. Babson College (Wellesley & Needham) – (OA/FA) – $67,000,000 – Vote
  1. Noble and Greenough School (Dedham) – (OA/FA) – $27,000,000 – Vote

[See Secretary’s Note]

  1. Chelsea Jewish Green House, Inc. (Chelsea) – (OA/FA) – $17,050,000 – Vote

[See Secretary’s Note]

  1. The Trustees of Hampshire College (Amherst) – $15,000,000 – Vote
  1. Five Colleges, Incorporated (Hadley) – $9,500,000 – Vote
  1. The Cambridge School of Weston, Inc. (Weston) – (OA/FA) – $9,000,000 – Vote
  1. North Shore Heritage Associates, Inc. (Various) – (OA/FA) – $4,537,000 – Vote
  1. The Malden Young Men’s Christian Association (Malden) – $3,875,000 – Vote

Final Approval Projects with Volume Cap Request

  1. Finicky Pet Food, Inc. (New Bedford) – $5,500,000 – Vote
  1. Port Landing Tenant LLC (Cambridge) – $4,900,000 – Vote
  1. Harborlight House LLC (Beverly) – $4,500,000 – Vote

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

  1. Port Landing Tenant LLC (Cambridge) – (Tab 25) – LIHTC –Vote
  1. 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.)]
  1. Minutes of June 2, 2015 Meeting (informational)

Manufacturing & Defense Sectors Committee – Chair: D. Kanin

  • Report ofJuly 7, 2015 Meeting
  1. Minutes of June 9, 2015 Meeting(informational)
  1. 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 ofJuly 7, 2015 Meeting
  • Lending
  1. Monthly Delegated Authority Report for Loan Approvals(informational)
  • Community Development
  1. Monthly Delegated Authority Report (informational)

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

  • Report ofJuly 7, 2015Meeting
  1. Minutes of June 9, 2015Meeting (informational)
  1. Devens and Devens Environmental Updates (informational)
  1. Devens – Contract Extension – Compass Facility Services, Inc. – Vote
  1. Statewide Real Estate Projects Updates
  1. Transformative Development Initiative (TDI) – Equity Investments /Technical Assistance Updates
  1. TDI – Award of Owner’s Project Manager (OPM) House Doctor Contracts – Vote
  1. Devens – Sale of 105 Walker Road to Salad Bowl Farms, LLC – Vote[Executive Session]
  1. Village Hill, Northampton – Sale of 4.7 Acre Lot on Ford Crossing to The Pecoy Companies– Vote [Executive Session]

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