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-3- <br /> Mr Patterson also pointed out that at the dollar level included in the <br /> present form of Policy 6, development cost would be increased by approximately <br /> $17/sq ft or a good 25% This could prove unrealistic for developers It <br /> would surely have significant impact on rental levels Mr Bowyer pointed out <br /> that the cost of providing parking is a normal development cost in areas outside <br /> the CBD <br /> Ms Nichols noted that the Town cannot simply expand the CBD without pro- <br /> viding for the impact on the residential surround <br /> Chairman Battin requested the formation of a subcommittee to tackle the <br /> language of the Policy and appointed Mr Sacco, Mr Trani and Mr Patterson to <br /> work with Mr Bowyer on this problem. She also restated her judgment that some <br /> stepping forward of the business community, such as Policy 6 in an improved form, <br /> is a political necessity in seeking Town Meeting approval for the Meriam Street <br /> lot improvement <br /> (2)c Annual leases of private lots and minor improvements <br /> Mr. Bowyer presented the attached <br /> The next meeting is scheduled for December 7, 1982 at 12 00 Noon <br /> Respectfully submitted, <br /> Henry Patterson <br />