Salem News article.
Feoffees to sell land for $32.5M
Salem News article.
Salem News article.
This is the proposed settlement agreement reached by the Feoffees and the School Committee in the Probate Court.
Probate – Feoffees – 111220 – Agreement for Judgment
It would:
1) Put into effect the settlement agreement of the Superior Court case which the Feoffees signed without consulting the School Committee on December 24th, 2009. In it the Feoffees agree to sell Little Neck to the tenants for $29.15M if certain conditions can be met and get a release of claims for themselves.
2) Require the tenants to pay nearly $3M in back rent for their occupancy since the legal battle started, and allow these payments to be made via a 5-year unsecured note.
3) Grants the town an easement over the portion of Pavilion Beach that would be owned by the tenants.
4) Reorganizes the Feoffees in a similar manner to that of the School Committee counterclaim, with the exception that the 7th member is selected by the Life Feoffees rather than Town Meeting.
5) Grants immunity (release of claims) to the Feoffees.
Ipswich Chronicle article.
This motion was filed at the courtroom on the morning the Agreement for Judgment (settlement) was announced. As was anticipated in the Amicus Brief, it asks the court to allow parent representatives of the beneficiaries to be added as parties to the suit since the School Committee has stopped representing their interests. The parent group would be expanded to 15 members over the next 10 days.
Probate – Interveners – 111220 – Motion_to_Intervene
These are the executive session minutes for the “emergency” non-public meeting of the School Committee where 4 members (Loeb, Dietz, Gresh, O’Flynn) voted to sell Little Neck. Three members (Bauman, Hopping, Roesler) were opposed. The minutes were obtained via a freedom of information act request. This meeting was reported to be 3 1/2 hours long, so we are obviously not getting the full picture here.
These are the executive session minutes for the School Committee where they first discuss the settlement agreement they would accept two days later. They were obtained via a freedom of information act request.
These are the depositions of the lifetime Feoffees, their accountant, the Little Neck Legal Action Committee leaders, and appraisers that were taken by the School Committee.
Clasby (Accountant) Deposition
LaChance (LNLAC Appraiser) Deposition
Since these depositions were taken by the Feoffees, they are categorized as such.
This is the last category of trial exhibits; those which the Feoffees were not allowed to enter into evidence, decided not to, or did not get to before the trial ended.
141 – March 29, 2007 School Committee minutes as revised April 26, 2007
142 – August 16, 2007 email from R. Korb to S. Smith et. al
151 – December 4, 2008 School Committee minutes
152 – December 2008 Press Release
153 – December 9, 2008 FinCom-BOS-SC minutes
158 – September 10, 2009 email from Fay to Loeb
159 – October 15, 2009 email from Fay to Loeb
161 – November 19, 2009 School Committee minutes
164 – December 2, 2010 School Committee minutes
165 – November 12, 2008 email from Richard Allen to William H. Sheehan III
167 – December 2, 2008 email from William H. Sheehan III to Richard Allen with attachments
171 – December 8, 2008 email from William H. Sheehan III to Richard Allen with attachment
172 – December 9, 2008 email from Richard Korb to fincom-at-town.ipswich.ma.us with attachment
183 – Poll of tenants expecting to use seller financing
185 – January 2010 Press Release
193 – December 5, 2006 Tri-Board minutes
194 – November 10, 2009 emails exchanged between Richard Korb, Richard Allen and Jeffrey Loeb
These are the very few contested exhibits of the Feoffees that were allowed to be admitted as evidence in the trial before the trial ended.
147 – October 16, 2008 School Committee minutes as revised November 6, 2008
148 – November 11, 2008 Working Group of the Feoffees minutes
149 – November 20, 2008 School Committee minutes
150 – December 1, 2008 email from Richard Allen to William H. Sheehan III
151 – December 2, 2008 email from William H. Sheehan III to Richard Allen with attachments
152 – December 10, 2008 emails exchanged between William H. Sheehan III and Richard Allen
153 – January 15, 2009 School Committee minutes
154 – February 11, 2009 memo from Arsenault to BOS
155 – March 19, 2009 School Committee minutes
156 – May 7, 2009 School Commitee minutes
157 – November 18, 2010 School Committee minutes
158 – November 9, 2010 FinCom-BOS-SC minutes
159 – Defendant School Committee’s response to plaintiff’s admissions in this action