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Page 2 <br />Minutes for the Meeting of October 22, 2008 <br />resulting in $609,000 revenue per year, with an average annual net of $472,000. The transportation <br />mitigation plan consists of a fixed amount of money, including an annual allocation for Lexpress, along <br />with a performance-based component. <br /> <br />Mr. Grant, responding to Mr. Sandy’s TMMA letter, said if the FAR were calculated using the total gross <br />floor area and the entire area of the site, it would be 0.6428. He said that the answers to Mr. Mehr’s <br />questions on fiscal analysis and abatements were confidential information as per State law and would <br />have no relevance to the assessed value on a yearly basis. Regarding trees, there was no meeting with the <br />tree committee because they do not have jurisdiction. Those with jurisdiction are the Planning Board <br />because of the PSDUP, the Zoning Board of Appeals due to the special permit and Conservation <br />Commission because of wetlands. Mr. Mehr wanted to know the number of trees removed. Mr. Larson <br />explained that because the building would be built over the existing road, which is on 14-15 feet of fill, <br />there would only be secondary growth removed, no major trees. The total count of trees 12-inches or <br />larger is 235-240, and 35 of these would be removed. The building is set 200 feet from the nearest home, <br />which is on Spring Street. <br /> <br />Audience comments/questions/concerns: <br />Audience comments, questions, and concerns are summarized below. Italicized text at the end of <br />sentences shows responses by petitioner or Planning Board. <br />?? <br />The balloons that were supposed be to mark the high corners of the proposed Three Ledgemont <br />building were not there as of today. Mr. Nichols said there were now stakes in the ground and the <br />balloons would be there this weekend for the site walk. <br />?? <br />Did the calculated FAR of 0.64 exclude the wetlands area from the denominator. Mr. Gloski said <br />it was the gross floor area over site area. <br />?? <br />Someone observed that the site has many unused parking spaces and wondered why more are <br />needed. Mr. Nichols said they were still in the lease-up period for Ledgemont One and offices <br />were only now starting to be occupied. <br />?? <br />Would construction affect moisture in the lower areas? Mr. Nichols said a thorough storm water <br />analysis was done and there would be no water runoff onto Munroe Road. It would flow toward <br />the wetlands below the Ledgemont Two building area. <br />?? <br />Someone suggested to turn the building 90 degrees to lessen the impact. Mr. Nichols said that in <br />2003 that concept was presented and they had been told that it was not desirable. <br />?? <br />An increase in commercial development would lower the quality of life with impacts such as <br />increased traffic; other hidden costs would reduce the revenues from the development; the <br /> <br />