HomeMy WebLinkAboutmin brd of selectmen 03/06/00 Exec
Board of Selectmen
Minutes
March 6, 2000 Executive Session
The Executive Session was convened at 9:30 PM
Present: Chairwoman Royle; Clerk Wills; Selectmen Amoruso, McCarter and Wills.
Town Manager D'Agostino; Town Counsel Mangiaratti; Attorney Dan
Bailey of Rackemann, Sawyer & Brewster; Attorney Mark Roberts of
McRoberts & Roberts.
The proposal on the table received from the Great Waves proponents was reviewed
(copy attached), with each of the attorneys present offering their advice and
opinion to the Selectmen.
Selectmen discussed the pros and cons of the proposal and suggested various
monetary incentives as a counter-proposal. Consensus was reached on the following
as a counter-proposal to be presented to the proponents by Attorney Mangiaratti.
1. All of the current benefits offered by Great Waves; plus
2. Great Waves to give the Town of Mansfield the following amounts:
$125,00 per year for the first five (5) years
$150,00 per year for the next five (5) years (years 6 through 10)
$175,000 per year for the next five (5) years (years 11 through 15)
$200,000 per year for the next five (5) years (years 16 through 20)
Roll call vote to go out of Executive Session was taken at 10:45 PM.
Royle - aye, Amoruso - aye, McCarter - aye, Robinson - aye, Wills - aye
Executive session was adjourned and the Selectmen returned to open session as
Light Commissioners only to adjourn.
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Date of Approval
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GREAT WAVES
MANSFIELD ECONOMIC PACKAGE
THIS COMPREHENSIVE PROPOSAL PROVIDES SIGNIFICANT DISCOUNTS TO
MANSFIELD RESIDENTS, AS WELL AS PROVIDING A DIRECT I;I~ANCIAL
BENEFIT TO THE TOWN - IN EXCHANGE FOR SUPPORT OF OUR PLAN.
UNDER THIS PROGRAM, RESIDENTS WILL BE ABLE TO PURCHASE
TICKETS TO GREAT WAVES AT A HUGE DISCOUNT. THIS IS I~
RESPONSE TO CONCERNS OF CITIZENS THAT THEY WOULD I.IKE TO BE
ABLE TO AFFORD THIS EXCELLENT FAMILY RECREATION, SINCE IT
WILL BE LOCATED IN THEIR OWN TOWN.
THE SAVINGS WOULD REPRESENT A DIRECT FINANCIAL IMPACT TO
MANSFIELD RESIDENTS OF ABOUT $325,000 PER YEAR.
IN ADDITION. GREAT WAVES WILL CONTRIBUTE TO THE TOWN OF
MANSFIELD $1.00 PER ADMISSION ON THE FIRST 100,000 PERSONS TO
ATTEND THE PARK EACH YEAR.
THE TICKET DISCOUNT PROGRAM WOULD WORK AS FOLLOWS. AND
ASSUMES A $30 ADMISSION:
RESIDENT
PAYS
RESIDENT
SAVES
RESIDENT
BENEFIT
10.000 ALL DAY PASSES $10
$20
$200.000
5,000 AFTER 2:30 PASSES 5
25
125,000
RESIDENT TICKET BENEFIT
$325.000
CASH PAYMENT TO TOWN
lOO, &80 /J-J, ,(ì'LJ
TOTAL ANNUAL BENEFIT TO TOWN & RESIDENTS
~OOO
'¥' '+,)7.) (r'Vù
THIS PROGRAM WOULD REMAIN IN PLACE FOR 20 YEARS FOR A TOTAL
BENEFIT TO THE TOWN OF ABOUT $-8,5GD,QOO. E::¡qtOOOrOOO
ASSUMING A FIRST YEAR ATTENDANCE IN THE 300,000 RANGE. THIS
WOULD EQUATE TO A BENEFIT TO THE TOWN OF ABOUT il.42 PER
ADMISSION. ~/,SO
IN ADDITION, GREAT WAVES WILL COMMIT TO PRIORITY HOLDING OF
AT LEAST 150 SEASONAL JOBS FOR THE YOUTH OF MANSFIELD. THIS
EQUATES TO AN ADDITIONAL $360.000 POSITIVE ECONOMIC IMPACT TO
THE CITIZENS OF MANSFIELD. BHINGING THE TOTAL DIIŒCT
ECONOMIC IMPACT TO THE TOWN TO ABOUT $2.60 PER TICKET.
THIS PIWPOSAL IS CONTINGENT UPON GREAT WAVES BEING ABLE TO
OPEN FOR BUSINESS FOR THE 2002 SEASON.