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4-7-58 _�- <br />land. He stated that he had bought the land for the <br />purpose of building a new residence, had hoped to sub- , <br />divide it as proposed on the plan, selling a suffi- <br />cient number of lots to pay for all the land and realiz- <br />ing a profit for paying for part of a new house. He <br />said that on February 18, 1958 that he had paid the <br />City of Cambridge $7700.00 for the land, and that he <br />now had a $4000 mortgage on said land. <br />It was understood that the gentlemen tentatively <br />agreed to sell to the Town for $6,000, a 70 -foot wide <br />strip located across the land from Weston to Lincoln <br />Streets and contiguous to Route 128. Mr. Cataldo <br />stated, however, that if the 70 -foot strip was to be <br />located anywhere else other than as previously <br />described, he would not want to sell less than the en- <br />tire parcel it was proposed to subdivide. He said <br />that they had refused a firm offer of $18,000 for the <br />land provided the Board of Appeals granted the variance. <br />He said they wanted $21,000 for the entire parcel. <br />It was suggested that they consider further a <br />prieeibr which they would be willing to sell all the <br />land or a parcel thereof to the Town. They were in- <br />formed that the Board would consider the matter fur- <br />ther also and discuss the possible obtaining of an <br />option with the Selectmen. Thereupon, Messrs. Cataldo <br />and Corr left the meeting at 8:t5 p.m. In discussing <br />the matter afterwards, the Board requested that Messrs. <br />Grindle and Snow meet witty the Selectmen the following <br />evening, reporting what information the Planning Board <br />had obtained in its meeting with Messrs. Cataldo and <br />Corr. <br />DeFELICE The. Board next considered the application of <br />Frank DeFelice for approval of a definitive sub - <br />LIBERTY division plan entitled "Part of Liberty Heights" <br />HEIGHTS and dated Jan. 29, 1958. Approved was the draft of <br />a letter to Mr. DeFelice informing him that the <br />Board would be in a position to approve said plan <br />upon his filing with the Board a bond and informing <br />him also of the wording of the proposed vote of <br />approval. (See addendum.) <br />LORITTG Mr. Snow gave a report of his conference during <br />HILL the past week with Mr. Nylander in regard to the <br />ESTATES Loring Hill Estates Section Two definitive plan, <br />SEL% 2 showing the Board the Loring Road study profiles <br />which Mr. Nylander had prepared after said confer- <br />ence. It was decided that in this instance only the <br />Board would approve the study profile showing a <br />leveling area at the foot of Loring Road and a uniform <br />grade of 10.53% for said road. Mr. Snow was asked to <br />notify Mr. Nylander of this decision. <br />