2008-10-29-PB-min - Laserfiche WebLink

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Minutes for the Meeting of October 29, 2008 Page 5 and make the 10% reduction meaningful and not take advantage of it. Audience Comments and concerns: ?? Was there anything in the PSDUP to prohibit parking spaces from being converted to office space or a Ledgemont Four? Mr. Nichols said the documentation was clear that any expansion would require a Town Meeting action. ?? Regarding trees why did you choose 12 inches as opposed to 24 or 36 inches and when would we be informed about the six inch trees? Mr. Larson said the survey showed a few eight- inch trees between the wetlands and the larger trees would have a greater impact when removed. The number of trees six inches and greater would be available early next week. ?? The assessed value should represent a fair market value. Why, if the construction cost of this building would be an estimated $45,000,000, the final value would be only $22,000,000? Mr. Grant said Mr. Connery used methodology that was used in the past and had done many rezoning financial analysis prior to this and he would be the one to ask. Mr. Hornig said the Town sets the value not the owner ?? Abutter concerns were that the process was very rushed, it would be the highest building in Town, and on a steep slope. The Traffic Mitigation Plan would not have Town seeing any portion of the monies from the escrow account. Other things to consider would be taking a floor off the parking, change the location, meet with the neighbors, and think about bringing this to Spring Town Meeting. Mr. Nichols said reducing the parking amount would make it hard to be competitive in this market. ?? Those who live adjacent to the commercial developments understand the desire to increase the commercial base and revenue, but feel the abutters’ acute pain. Other considerations should include conducting a traffic study first to determine capacity and tolerance; not telling the residents you would figure it out later; putting the monies from the traffic mitigation funds to a specific mitigation for the area, not just in a general fund; and extending the period for the performance measures. ?? The walkway from the proposed building to Ledgemont Two should be shielded. Mr. Gloski said that haven’t gotten that far, but would apply the same standards. The hours of operation are 6:00 a.m. until 11:00 p.m. but the lights remain on all night long. ?? The provision on page four in the PSDUP was to divide the site into separate lots - why and how would it impact on the densities? Mr. Nichols said it was because of financing purposes and the limits were for the property as a whole. ?? Who would be in charge in case conditions were not being met? Mr. Hornig said you would go to