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<br />Town of Lexington <br />Economic Development Advisory Committee (EDAC) <br />Minutes of Meeting June 21, 2017 <br />A meeting of the EDAC was held on Wednesday, June 21, 2017 at 8:00 a.m. in the Parker Room of the <br />Town Office Building. <br />Members Present: George Burnell, Rick DeAngelis, John McWeeney, Sig Tullmann, Narain Bhatia, <br />Kevin McGuire, Charles Minasian <br />Staff Present: Melisa Tintocalis <br />Liaisons Present: Charles Hornig, Joe Pato <br />Members Absent: Tom Dusel, David Pronchick <br />MOTIONS <br /> Motion to Approve Minutes from May 17, 2017 was postponed to the following meeting <br />MEETING NOTES <br />Review Data for Economic Development Summit <br />Melisa Tintocalis walked through the draft presentation prepared for the Economic Development Summit <br />scheduled for June 22, 2017 as a joint meeting with the Board of Selectmen and Planning Board. <br />Rick DeAngelis suggested that Town has many remaining barriers to development and that there remains <br />a perception in the development community that the Town of Lexington is a difficult place to get a project <br />accepted. Mr. DeAngelis referenced the experiences that Boston Properties has had with regard their <br />Spring Street property and their efforts to enhance an existing building and repave an existing parking lot <br />to attract new tenants. <br />George Burnell suggested the Town needs to make community-appropriate adjustments to their <br />regulatory process to allow for reinvestment. Mr. Burnell stated that there is no gold mine found in one <br />effort that will yield to a notable increase in commercial property tax revenue, but rather the Town should <br />consider smaller incremental efforts which could yield some silver. <br />Mr. DeAngelis added that the Town needs to reinvent its commercial areas. He stated that the current <br />stock of buildings is obsolete and the commercial areas need to be reimagined. <br />Charlie Minasian noted that his sense is that Planning Board and Board of Selectmen are coming from <br />two different places with regard to taking action and creating commercial opportunities for the Town. <br />Visitor Center Project Status <br />Ms. Tintocalis reported that the project was proceeding and could serve lead to additional <br />investment in the Center. <br />Adjournment: The meeting adjourned at 9:50 a.m. <br />th <br />Next Meeting: August 16 2017 (tentative) <br />Approved on: Aug. 16, 2017 <br />