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1 <br />C� <br />1 <br />7-22-57 -2- <br />VOTED: that the definitive subdivision plan <br />entitled "Battle Green Village <br />Section Two Lexington Massachusetts", <br />dated May 21, 1957, submitted to the <br />Board on June 7, 1957, accompanied by <br />an application for approval of <br />definitive plan, Form C, dated May 29, <br />1957) be and hereby is disapproved for <br />the reason that the applicant has not <br />submitted a bond in accordance with <br />the Lexington subdivision rules and <br />regulati_ ons. <br />At 8:45 Mr. Grindle left to attend a confer- <br />ence with the Selectmen and at the same time Mr. <br />Stevens came to the meeting to discuss with the <br />Board an application for approval of a definitive <br />plan entitled "Hawthorne Acres Section One" sub- <br />mitted by Esco Builders Corp. Even though the <br />applicant had not submitted a bond, it was decided <br />that no definite action could he taken upon said <br />application until the 45-dav period in which the <br />Board should act expired July 25, 1957• <br />Mr. Stevens stated that Mr. Tropeano, attorney <br />for Esco Builders Corp., insisted on a two-year <br />bond. It was understood that in accepting a bond for <br />two years there would be a chance that, in the event <br />of non -completion of the required work in the sub- <br />division, the bond would be of an insufficient amount <br />to cover said work because of a possible increase in <br />the cost of construction. However, it was thought <br />that the penal sum of said bond might be adequate to <br />finish uncompleted work in the subdivision in that <br />Esco Builders Corp. were under agreement to construct <br />by June 1958 a road leading into the Junior High <br />School site and that in fulfilling this agreement said <br />corporation would have spent about $30,000 in complet- <br />ing this amount of work. The Board decided to approve <br />a two-year period for the completion of the work in <br />view of the fact that the approval of the subdivision <br />was related to the acquisition of land for a new <br />Junior High School and it was desired not to have any <br />further delav in passing title for said land which <br />might be incurred should the Board insist upon a one- <br />year requirement for completion of the improvements <br />within said subdivision. It was also decided to hold <br />a special meeting on Wednesday night, July 24, 1957, <br />in order that the subdivider might arrange for the <br />necessary bond and that Mr. Stevens would so notify <br />Mr. Tropeano. <br />HAWTHORNE <br />ACRES <br />