Monday, June 18, 2018

Register O'Donnell Reports Low Inventory Drives May Real Estate Activity



Norfolk County Registry of Deeds

Register O'Donnell Reports Low Inventory Drives May Real Estate Activity

Mirroring trends seen across the United States, Norfolk County experienced reduced real estate sales for the month of May. Additionally, the reduced number of available housing stock inventory caused buyers to bid up real estate prices for both residential and commercial properties.

Register of Deeds William P. O'Donnell noted, "During the month of May, Norfolk County real estate sales totaled 1,631 compared to 1,706 in May 2017. These reduced real estate sales figures tell us there is a spirited competition for a limited number of properties. The result is an increase in both average sale price and total sales volume. It's good news for property sellers, but bad news for those trying to buy, especially for first-time homeowners."

The average sales price for May, combining both residential and commercial sales, was $837,777, a 9% increase compared to the previous year. Total dollar real estate sales volume increased by 6% for the month, coming in at $902 million. "If we continue to see low real estate inventory levels, there is no reason to believe that higher price increases will not continue," noted O'Donnell.

Regarding lending activity, a total of 2,348 mortgages were recorded during May, a 3% decrease from the previous year. However, total mortgage financing for the month was $1.7 billion, a whopping 55% increase year over year. This figure was impacted by a $325 million commercial mortgage taken out against a Holbrook property.

Register O'Donnell noted another new trend that can be an obstacle for potential homeowners. "We have seen a recent uptick in mortgage rates. It will be interesting to see the impact that it has on the overall lending market, especially if mortgage rates rise above 5%."

During May, Norfolk County homeowners continued to take advantage of the Homestead Act. A total of 1,106 Homesteads were filed during the month, a 4% decrease compared to the previous May. "The Homestead Act," stated the Register, "provides limited protection against the forced sale of a homeowner's primary residence to satisfy unsecured debt up to $500,000."

Foreclosure activity for the month of May was a mixed bag. The good news was the number of foreclosure deeds recorded in Norfolk County was 16, a 27% decrease year over year. However, the total number of Notice to Foreclose Mortgage recordings, the first step in the foreclosure process was 67, an increase of 11%.

The Register once again noted the Norfolk County Registry of Deeds continues to work with Quincy Community Action Programs, 617-479-8181 x376, and NeighborWorks Southern Mass, 508-587-0950 to help homeowners who have received a Notice to Foreclose Mortgage document. A third option is to contact the Massachusetts Attorney General's Consumer Advocacy and Response Division (CARD) at 617-727-8400.

Register O'Donnell concluded, "We are once again seeing the impact that low inventory has on the overall real estate market. Without an influx of available housing stock, these trends will likely continue."

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and instagram.com/NorfolkDeeds.

The Norfolk County Registry of Deeds is located at 649 High Street, Dedham. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities and others with a need for secure, accurate, accessible land record information. All land record research information can be found on the Registry's website at www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101, or email us at registerodonnell@norfolkdeeds.org.


Register William P. O'Donnell
Norfolk County Registry of Deeds

email: registerodonnell@norfolkdeeds.org
phone: 781-234-3336
Norfolk County Registry of Deeds, 649 High Street, Dedham,, MA 02026-1831

Sent by registerodonnell@norfolkdeeds.org in collaboration with
Constant Contact
Last Call to Celebrate Norfolk Deeds Registry’s 225th Birthday

Last Call to Celebrate Norfolk Deeds Registry’s 225th Birthday

Sunday, June 17, 2018

Franklin, MA: Joint Budget Subcommittee Agenda - June 18

June 18, 2018 - 7:30 AM

3rd Floor Training Room
Municipal Building
355 East Central Street


Agenda
1. FY 2020 and Beyond Budget Overview



Who is the "Joint Budget Subcommittee Meeting"? 
The committee is comprised of members of the Town Council, School Committee and Finance Committee supported by members of the Town Administration.

Why get started on the FY 2020 budget now?
If you recall the passage of the FY 2019 budget (which covers from July 1, 2018 to June 30, 2019) is starting out with a funding deficit of approx $1.4M as that amount was used from the Debt Stabilization fund to avoid a significant cut or an override this year. There is no way to avoid a serious discussion about what Franklin wants to do for the next budget. Hence, they are starting now.

Franklin voters have two realistic choices. (1) Let the Town Council and School Committee make significant cuts to existing services OR (2) consider an override to appropriately fund the operational expenses of Franklin. This is why the discussion is starting with the Joint Budget Committee. They get to start working out the details on what to bring forward for our eventual decision.

Pay attention to the FY 2020 budget discussion. 
It will have a major effect on our daily lives and when the time rolls around to vote for it (assuming we do an override), you will have been informed, and had a chance to make your case.


The agenda can be found online
http://www.franklinma.gov/sites/franklinma/files/agendas/joint_budget_subcommittee_meeting_agenda.pdf

The FY 2019 budget collection can be found here
http://www.franklinmatters.org/2018/04/town-of-franklin-ma-budget-collection.html

Franklin, MA: Joint Budget Subcommittee Agenda - June 18
Franklin, MA: Joint Budget Subcommittee Agenda - June 18

Town of Franklin Applies for Cultural District Status to the State of Massachusetts

Thanks to a multi-year effort by the Town of Franklin and a group of its citizens, an official application to establish a Franklin Cultural District was submitted to the Commonwealth of Massachusetts through the offices of the Massachusetts Cultural Council on June 8, 2018. The Franklin Cultural District (FCD) will be a demarcated region within the town that encompasses the cultural facilities, activities, and assets that lie in a compact, walkable area. 

Franklin’s vibrant cultural atmosphere is already home to the nation’s first public library, the Franklin Historical Museum, Dean College School of the Arts, over 25 other performing and visual arts and dance studios, and a variety of restaurants and cafes. Establishment of the FCD will likely attract additional arts and cultural organizations in the future, driving economic development.

Cultural District status will make the FCD eligible for a variety of state grant programs, state economic development opportunities and monies, strategic planning and historic preservation assistance, and marketing through the Massachusetts Office of Travel and Tourism.

"Arts and Culture have become an extremely important and vibrant economic engine for the Town of Franklin," says Deputy Town Administrator Jamie Hellen. "Designating the Town as an official Cultural District will only enhance those opportunities and establish Franklin as the premier arts and cultural hub in the southern MetroWest region.”
https://twitter.com/franklinculture
https://twitter.com/franklinculture

This effort has been years in the planning, beginning with the Franklin Cultural District Steering Committee, who were tasked with gauging interest in the project and starting the organizational efforts necessary to begin the application process. The Steering Committee met with potential partners, the Massachusetts Cultural Council (MCC), and Town of Franklin administrators to determine the needs, geographic area and types of businesses to be included, and the roles and responsibilities of the District itself. 

That Committee went on to create the Franklin Cultural Festival, which ran for three years and created a strong basis amongst the partners and evidence for the State of the vigor of the arts and culture community in Franklin. A preliminary site visit with the MCC and the Town resulted in a decision to move forward with the formal cultural district application.

On June 28, 2017, the Franklin Town Council passed Resolution 17-45, which endorsed the FCD’s cultural district goals, namely to “attract artists and cultural enterprises; encourage business and job development; establish the district as a tourist destination; preserve and reuse historic buildings; enhance property values; and foster local cultural development.”

In November 2017, seven Franklin residents were appointed to the Franklin Cultural District Committee, an official Town committee which took over for the initial Steering Committee, to make the formal application to the State and then oversee the new district. Part of the application included letters of endorsement and intent from the many cultural assets in town, establishing them as official partners of the District, including the Franklin Public Schools, Dean College, Franklin Downtown Partnership, the Franklin School for the Performing Arts, Franklin Performing Arts Company/THE BLACK BOX, the Franklin Historical Museum, the Franklin Art Association, the Franklin Cultural Council, and many more. Some of the partners were involved in the FCD initiative from the very beginning, others, such as Drummer’s Studio, Encore Music Academy and Feet in Motion School of Dance, have signed on more recently as the momentum for establishment of the District increased.

During the first quarter of 2018, the Franklin Cultural District’s Goals were refined during Cultural District Committee public meetings. These Goals combine the aims for the State's cultural districts, existing planning initiatives (including Franklin’s 2013 Master Plan cultural resources goals and objectives), and input from Committee partners. The FCD partners will meet with the Committee quarterly, starting June 19, to discuss marketing, cross-promotional events between the partners, and ways to enhance the District. An FCD website, complete with a local arts calendar, is being established to provide a single source of arts and cultural information for town residents and visitors.

The application filed on June 8, 2018, included narrative on the FCD's goals, marketing plans, partners, cultural assets, and State-required metrics to measure the FCD's impact, as well as the official FCD map. In addition, hundreds of pages of supplemental materials were submitted showing examples of arts and cultural events and programming within the proposed District.Once the MCC has reviewed the application, a site visit will be scheduled with the Town, the FCD committee and the FCD partners. Only then will the State render a verdict on the application.

To learn more about the Franklin Cultural District, their partners, and upcoming activities and events, visit their website at www.franklinculturaldistrict.org, or follow them on Facebook(www.facebook.com/FranklinCultureMA), Twitter (@FranklinCulture), and Instagram(@franklinculture).

Children of Eden - at FHS - Jun 22 - 23

Children of Eden
Presented by The Theatre Institute and Theatre at the Hockomock Area YMCA

Franklin High School
Friday, June 22nd 7:00 PM
Saturday, June 23rd 1:00 PM and 7:00 PM


"From musical theatre greats, Stephen Schwartz and John Caird, comes a joyous and inspirational musical about parents, children and faith... not to mention centuries of unresolved family business! Schwartz himself describes the show as one of his favorites he has written. We hope you'll join us to see this amazing cast sing some incredible music!"

For more about the show you can read here https://www.mtishows.com/children-of-eden or
here  https://en.wikipedia.org/wiki/Children_of_Eden

Download the flyer here
https://drive.google.com/file/d/0B0wjbnXDBhczdkZGQkdsX2JfSjJNYy1CbURmMGhiWDBzRHBZ/view?usp=sharing




Children of Eden - at FHS - Jun 22 - 23
Children of Eden - at FHS - Jun 22 - 23

In the News: Wayland to see school start time alternatives; MetroWest student Film Festival starts

From the Milford Daily News, articles of interest for Franklin:
"After years of discussion, the (Wayland, MA) School Committee will finally have a choice of possible solutions for a later start time at the middle and high schools. 
The discussion dates back to at least 2004, when a town task force concluded students aren’t getting enough sleep, but that getting to the point of a later start time is “complicated.” 
Superintendent Arthur Unobskey is expected to present the solutions at Monday’s School Committee meeting. 
“I anticipate the School Committee will choose one of the options,” Unobskey told the Daily News. 
Options will call for an 8:30 or 8:45 a.m. start time at the middle and high school. Currently, the opening bell is 7:35 at the middle school and 7:30 at the high school."

Continue reading the article online (subscription may be required)
http://www.milforddailynews.com/news/20180617/wayland-school-committee-to-see-options-for-school-start-times

Franklin also has a School Start Times Advisory Committee working to put a similar proposal together. If accepted it would be start no earlier than Sep 2019. The link to the Committee's page for meeting agendas, research, etc. 
http://franklinschool.vt-s.net/pages/FranklinCom_StartTimeAdvCom



"The next Martin Scorsese or Steven Spielberg could be among us, and a new film festival next spring could be where they’re found. 
It’s billed as the first film festival for students in MetroWest, and it’s appropriately called the MetroWest Student Film Festival. 
It’s coming next April 4-7 to The Center for the Arts in Natick (TCAN), 14 Summer St., and organizers said it will be an annual event. 
“It gives young people an opportunity to showcase their talents and passion for the arts,” said Kerry Fraser, marketing coordinator for TCAN."

Continue reading the article online (subscription may be required)
http://www.milforddailynews.com/news/20180617/student-film-festival-coming-to-metrowest

FHS baseball plays in the Super 8 final Monday, June 18

In the Super 8 tournament, Franklin, the lowest seed to make it to the final, is also the only team left with no losses. Central Catholic needs to beat FHS twice while Franklin can win outright with a single victory on Monday.


Complete MIAA bracket info can be found online http://miaa.statebrackets.com/tmenu.cfm?tid=4853

MIAA Super 8 or Div 1A  bracket for 2018
MIAA Super 8 or Div 1A  bracket for 2018

School Committee Newsletter- June 2018

You can also find and read the School Committee newsletter
https://www.smore.com/5utvw