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COMPREHENSIVE PLAN ADVISORY COMMITTEE <br /> MEETING MINUTES <br /> July 30, 2019 <br /> The meeting of the Comprehensive Plan Advisory Committee (CPAC), held in Estabrook Hall, <br /> Cary Memorial Building 1605 Massachusetts Ave, was called to order at 7:22pm,by Co-Chair, <br /> Sarah Felton. CPAC members in attendance: Matthew Daggett, Sarah Felton, Leonard Morse- <br /> Fortier, Pat Sullivan, Hema Bhatt, Marilyn Fenollosa, Stacey Beuttell, Camille Goodwin and <br /> Christian Senna. The CPAC meeting was also attended by Town Staff Carol Kowalski and Molly <br /> Belanger, Robert Lent, HSH consultant Jeff Dietrich, Selectman Mark Sandeen and Planning <br /> Board member Ginna Johnson. <br /> ************GUEST SPEAKER- ROBERT LENT, TOWN ASSESSOR*********** <br /> Characterization of Lexington: <br /> • Bedroom community <br /> • More green than bricks—lots of open space <br /> • Roads/Traffic—usually Lexington residents <br /> • Few sirens—not too many major crises to respond to <br /> Responding to questions for Director of Assessing <br /> Question 1: With the need to build a new police station and high school, how soon does new <br /> commercial development value get into the Lexington tax base, on average? <br /> • Variety of ways to respond—depends on policies that are enacted <br /> • Commercial rents drive commercial value—it takes a while to establish new commercial <br /> and realize the taxes from the rents <br /> • Delay as policy is enacted—3-year cycle once policy takes effect <br /> Question 2: What is the difference in assessed value of commercial zoned land in Lexington <br /> Center vs. Hartwell Ave? <br /> What is the difference between assessed parcel values? <br /> • More expensive per square feet in Lexington Center than on Hartwell Ave <br /> • Estimated$200-300/sf downtown vs estimated$100-200/sf Hartwell—more capacity on <br /> Hartwell <br /> • Hartwell—lab/office development is higher value than just office space <br />