These two documents written by the appraiser for the School Committee were recently obtained through a Freedom of Information Act request. They offer an even more optimistic view of the market rental value than our own expert opinion.
Other – SC – 111122 – Foster Rental Value Analysis
Other – SC – 111122 – Foster Rental Cash Flow Analysis
The cash flow analysis also shows a larger stabilized net income ($1.67M per year) than we predict in our financial analysis, but also assumes year-round rental of units which we do not.
These are the executive session minutes where the School Committee voted 5-2 not to even talk with the tenants about the settlement agreement they ended up accepting. These minutes also make it clear that the School Committee had seen this email from Pat McNally. They were obtained via a freedom of information act request.
Other – SC – 111103 – Executive Session Minutes