2013-08-30-Ad hoc Townwide Facilities Master Planning Committee (Final Report of Committee)

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WALDORF SCHOOL OF LEXINGTON Description The building, originally the Town's Adams Elementary School, was sold to the Waldorf School of Lexington Inc., and the land was leased to that school. The property has the following characteristics: LOCATION: 739 Massachusetts Avenue YEAR OPENED: 1980 (as the Waldorf School of Lexington) LOT SIZE: 10.0 acres BUILDING SIZE: 22,124 SF OWNER: Waldorf School, Inc. ZONING: RT (Two - Family Dwelling Residential District) CURRENT USE: School BUILDING ASSESSED VALUE (FY13): $669,000 LAND ASSESSED VALUE (FY13): $705,000 TOTAL ASSESSED VALUE (FY13): $1.37 million Previous Analyses None reviewed. Recent Action Under the existing long -term agreement, the building originally known as the Adams Elementary School was sold to the Waldorf School. The land on which it sits is being leased to them in 20 -year increments that are currently renewable through 2063. The Waldorf School's use will continue on the site beyond the period contemplated by the Committee's planning horizon. Recommended Actions In conjunction with its recommendation regarding the Stone Building, the Committee recommends that the Town consider approaching the Waldorf School, Inc. about allowing the expansion of its programming into the adjacent Stone Building. If that is a mutually acceptable use of the Stone Building and it is preferred by the Board, the further restoration and build -out of the building might become the responsibility of the school and potentially a source of revenue. Such a dialogue with the school should include a discussion of responsibilities for both the maintenance and any future capital requirements of the building. WALDORF SCHOOL OF LEXINGTON 739 MASSACHUSETTS AVE. TOWNWIDE FACILITIES MASTER PLANNING 27