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9-11-58 Mr. Tropeano further stated that when once zoned as an A l district either garden apartments or a hotel could be located within the district. He said, however.. that the Vine Brook Realty Trust was only interested in constructing apartment buildings. He then described the displayed site plan for the development stating that the plan was only a suggestion or preliminary sketch and not the final plan which would have to be approved by either the Planning Board or the Board of Appeals. Mr. Tropeano also described the displayed sketch of a proposed ten unit apartment building. He said the entire development would cost between 01,250,000 and $1,500,000, the assessed value being between $k,9000 and $5,000 per apartment.' In the question and answer period which followed Mr. Tropeano's presentation the following points were made in regard to the plans: Site -plan - All apartment buildings would face a private road; all driveways would be located off said private road;• access to the private road would be from Worthen Road; the Trust would deed to the Town a 70 -foot right -of- way for Worthen Road or would build an access road to of hands who were in favor of or opposed to the proposed amendment to Section 5 (g) of the Zoning By-law. Thirty- four persons indicated they were in favor of said pro- posal, two opposed. At 8:22 p.m. Mr. Jaquith read the third proposal R 1 to A 1 to amend the Lexington Zoning By-law as said proposal REZONING was set forth in the notice of the Planning Board hearing PROPOSAL published in the August 28, 1958 issue of the Lexington - Minute -man. Mr. Jaquith then called upon Mr. Alfred P. VINE Tropeano, attorney for the Vine Brook Realty Trust, to BROOK present said Trust's proposal for a garden apartment and REALTY hotel district to be located on Waltham Street. TRUST Mr. Tropeano gave a brief histary of apartment building zoning in Lexington stating in particular that on February 28, 1955 there had been held a public hear- ing on the Lexi.ngton Estates Trust proposal to rezone some of its land for a garden apartment and hotel dis- trict, said proposed district including some of the area described in the present notice. He said that the earlier proposal included land on both sides of the pro - nosed location of Worthen Road and contemplated also the erection of a hotel. He pointed out, however, that the proposal was withdrawn because it was found that there was a defect in the title to the Lexington Estates Trust land. He noted also that banks did not believe the site was a good location for a hotel and would not loan the money for its construction. Mr. Tropeano further stated that when once zoned as an A l district either garden apartments or a hotel could be located within the district. He said, however.. that the Vine Brook Realty Trust was only interested in constructing apartment buildings. He then described the displayed site plan for the development stating that the plan was only a suggestion or preliminary sketch and not the final plan which would have to be approved by either the Planning Board or the Board of Appeals. Mr. Tropeano also described the displayed sketch of a proposed ten unit apartment building. He said the entire development would cost between 01,250,000 and $1,500,000, the assessed value being between $k,9000 and $5,000 per apartment.' In the question and answer period which followed Mr. Tropeano's presentation the following points were made in regard to the plans: Site -plan - All apartment buildings would face a private road; all driveways would be located off said private road;• access to the private road would be from Worthen Road; the Trust would deed to the Town a 70 -foot right -of- way for Worthen Road or would build an access road to