2018-02-28-PB-min - Laserfiche WebLink

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Page 4 Minutes for the Meeting of February 28, 2018 housing; it is not ready for prime time and is being removed and replaced with accessible housing. The ownership of open space, and vehicular traffic direction will remain as is for now. Individual Board Comments:  Are the financial considerations actual or your own assumptions? Have you spoken with developers? Yes.  Using 1.5 is not feasible why use it? The numbers do not work. Give some options and the numbers are from the applicant’s perspective.  Are there any builders that would stand up with this and says it works? The 1.5 does not work and will always get conventional and the 2.0 does not give enough incentive for builders to do.  Have you done anything with a higher multiplier? No that should be a PD.  If this does not work, it will just have developers build more 2 million dollar homes.  Disappointed that age-restricted was removed.  There is a lot to support here which saves SSD, and if goes to three times proof should be a PD. Do not agree that the numbers do not work believe they are viable options. I support this proposal.  Support the proposal.  Legal fees might be greater for the Shared Benefit Developments and do not agree and am not concerned about how profitable it is.  Concerned there is no motion ready and Town Meeting is in a month and concerned with getting a 2/3 vote. This seems to be an interim policy and will see if things are feasible and would be more comfortable making a test drive. There is a concern that Town Meeting may not approve Audience Comments:  This is a good plan and would allow us to down size to stay here.  Are the affordable units always the smallest and would they be dispersed through the development? Yes.  The Board should have the option on every development, for the open space, the Town should have the right of first refusal.  This is a step in the right direction and the current bylaws do not provide enough benefit to the Town.