Plymouth Secures $32.7 Million Loan While Targeting 407 New Affordable Housing Units

Key Points

  • Select Board authorizes $32.7 million in short-term borrowing at a 2.456 percent interest rate to fund various town infrastructure projects.
  • Town Manager appoints Lauren Lynn as Assistant Town Manager for Planning and Development as part of a proactive department realignment.
  • Board adopts a formal strategy to create 407 affordable housing units to reach the 10 percent state threshold and achieve safe harbor status by 2030.
  • Plymouth Philharmonic designated as Orchestra in Residence at Memorial Hall with a 30 percent discount on rental rates.
  • Shallop Pond Estates residents petition for town road acceptance citing unfair maintenance burdens caused by neighboring high-density developments.

Plymouth officials are charting a dual course toward fiscal modernization and housing stability, as the Select Board authorized a $32,746,912 general obligation note to fund a suite of town-wide projects. During the Tuesday night session, Treasurer Anne Marie Barrett reported that the town’s AA+ credit rating helped secure seven competitive bids, resulting in a net interest cost of 2.456%. The short-term borrowing will cover critical infrastructure, including school roof repairs, pond dredging, and water system upgrades. Barrett noted that the note matures in April 2027, explaining that this year the borrowing will be $32,746,912. We received seven bids... Our S&P rating is a double A+. Motion Made by K. Canty to authorize the borrowing consistent with the language provided in the packet. Motion Passed (4-0-0).

The financial authorization arrived alongside a sweeping reorganization of town hall functions. Town Manager Derek Brindisi announced the appointment of Lauren Lynn as the new Assistant Town Manager for Planning and Development, a move intended to shift the town from a reactive posture to a proactive strategy regarding economic growth. Brindisi described the move as a realignment of functions rather than a traditional shuffle, emphasizing a direct connect between the assistant town manager and the planning and development department. While Member Richard Quintal expressed concerns that the town has historically made it difficult for businesses to settle in Plymouth, stating the town has a mentality all the time that when a business comes to town they need to pay for everything, the board ultimately backed the plan to streamline the permitting process. Motion Made by K. Canty to approve the reorganization proposal. Motion Passed (4-0-0).

A central pillar of this new planning focus is the town’s aggressive push to reach the state-mandated 10% subsidized housing inventory (SHI) threshold. Chair Kevin Canty proposed a formal strategy to add approximately 407 units of affordable housing, which would grant Plymouth safe harbor status from 40B developer overrides until the 2030 census. This would give us until the 2030 census comes back safe harbor to prevent 40Bs from overriding local zoning, Canty said. The board underscored this priority by specifically renaming the newly created housing division to include the word Affordable. Member William Keohan championed the name change, arguing that it's important that when people look at our town, they see that the town has this as a major priority. Motion Made by W. Keohan to include the word "Affordable" in the title of the Housing and Community Development division. Motion Passed (4-0-0). To support these efforts, the board accepted a $270,000 grant from Beth Israel Deaconess to fund a bilingual Community Health and Housing coordinator. Member Deborah Iaquinto noted the importance of the position, asking for details on how it would help residents navigate and access affordable housing. Motion Made by K. Canty to approve administrative notes 1 through 6, including the grant. Motion Passed (4-0-0).

The meeting also featured a significant debate over the independence of the Conservation Commission. Member Keohan argued that the commission should be a standalone department to ensure the integrity of the Wetlands Protection Act, noting that the board has been understaffed for a year. However, Assistant Town Manager Lauren Lynn countered that keeping conservation within the planning umbrella provides one-stop shopping for residents and better staff coverage. Everett Morrison, Vice Chair of the Conservation Commission, warned that the current workload leaves no room for proactive work. We really don't have enough people to do enforcement, Morrison said. If part of our charge was any planning whatsoever, there's no planning. We're just strictly a reactionary board right now. The board reached a consensus to implement monthly coordination meetings between the Town Manager and the Conservation Chair to address these bandwidth issues.

Residents of Shallop Pond Estates brought a long-standing grievance to the board, petitioning for the town to accept their 40-year-old subdivision roads. Resident Michael Herz argued that the town failed to enforce developer requirements decades ago and is now unfairly burdening residents while allowing those same roads to serve as access points for massive new 40B developments. This problem was created by a breakdown in the town's oversight, Herz told the board. Why is this specific neighborhood expected to absorb infrastructure costs that are typically distributed across the tax base? His neighbor, John Joseph, added that the town has offloaded the responsibility to provide safe public access to the residents of Shallop Pond Estates. Despite the residents' pleas, the board opted to wait for a formal road acceptance policy being drafted by the Department of Public Works. Member Quintal noted, I am not going to vote positive tonight until I hear from the DPW director... We're not saying no, we're just saying let's get the information we need.

In a move to support local culture, the board designated the Plymouth Philharmonic as the official Orchestra in Residence at Memorial Hall. The three-year agreement includes a 30% reduction in rental rates to help the non-profit manage venue costs that have spiked 178% since 2018. Executive Director Kara McCurdy emphasized the partnership's mutual benefits, stating, We want to be the hall; we are the hall. Virginia Davis of the League of Women Voters also spoke during the meeting, endorsing the town's focus on attainable housing and encouraging zoning options like accessory dwelling units. Motion Made by W. Keohan to establish the three-year residency agreement with the Plymouth Philharmonic. Motion Passed (4-0-0).

The board concluded with discussions on potential new policies, including a proposal from Member Iaquinto to create a public censure policy or code of conduct for town officials following a recent incredibly inappropriate comment made by a town meeting member. Chair Canty also looked toward the future of the town's budget, suggesting that a potential $1 million increase in state aid should be used to lower the tax levy rather than increase spending. If we don't need to use it, why should we be? Canty asked. I think it's better for everybody to lower our levy amount.