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architects such as Walter Gropius. She said the Historical Commission "wholeheartedly" supported the project and noted its benefit to the entire Town by bringing national recognition to this important part of Lexington's history. In response to a question from Mr. Wolk, Ms. Fenollosa explained that the registration would not impose any restrictions or regulatory limitations on the properties involved, unless federal or state funds were used to undertake a project in the neighborhood, such as road construction. She said the registration had no effect on individual properties, and that it was an "honorary" designation. In response to a question from Mr. Cohen, she replied that the homes in the Moon Hill neighborhood were already on the Cultural Resources Inventory. Mr. McSweeney asked if there would be any effect on the market value of the homes involved. Ms. Fenollosa replied that their values might increase, due to the more widely recognized and valued historic nature of the neighborhood. 6. Merriam Hill Preservation —Warren Manhard, a resident of Stetson Road, met with the CPC to request $3,000 in CPA funding for the identification of homes in the Merriam Hill Neighborhood for possible inclusion on the Historical Commission's Comprehensive Cultural Resources Survey (the Inventory). Bebe Fallick, the Town Meeting precinct liaison to the Merriam Hill Neighborhood Association was also in attendance. Mr. Manhard explained that there are 469 homes in the Merriam Hill Neighborhood, of which 165 are already on the Inventory. He said the Board of Directors had voted to apply for CPA funds and to devote $500 of Association funds toward the project. The purpose of the CPA funding would be to hire a consultant to assess the remaining 304 houses, and ultimately to complete the paperwork in order to list up to fifteen of the most historically and/or architecturally significant homes on the Inventory. Mr. Manhard outlined the boundaries of the Merriam Hill Neighborhood, and said the impetus for the Neighborhood's application had been the demolition of a 1902 home at 31 Somerset Road and the threat to a home at 95 Meriam Street, designed by nationally renowned architect Charles Platt. He said the Neighborhood was concerned that other historically significant homes might be at risk. Ms. Fenollosa commented that the Merriam Hill Neighborhood is historically significant at the local level, and in fact is noted on tourist maps. She said the Historical Commission believes the homes on Merriam Hill should be documented and that the historically significant houses should be added to the Inventory. Ms. Fallick spoke to the issue of the Demolition Delay By -Law, noting that she had been one of the original authors of the By -Law. The additional homes expected to be added to the Inventory would be subject to the Demolition Delay By -Law. Ms. Kreiger commented that three hundred houses represented a large block of homes, and questioned whether other owners in the Neighborhood were unanimous in having their properties studied. Mr. Manhard said that the owners of all of the 304 houses had not been yet been contacted, since no determination had been made as to the buildings' eligibility for inclusion on the Inventory and notification was therefore premature. Ms. Kreiger asked if the owners would have a choice of being placed on the Inventory, to which Ms. Fenollosa stated that they 3