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<br />4.LexHAB Purchased of Three Properties <br /> <br />Mr. Bill Hayes spoke to this project, explaining that LexHAB’s project had <br />changed over the course of the three months since the last public hearing. He said <br />that one of the properties, the Ross Road property, had not been suitable for sale, <br />and another property at 1001-1003 Massachusetts Avenue had been substituted in <br />its place. He said that the request before the CPC had changed to $845,000 from <br />its initial request of $797,500. The request for $845,000, he noted represented <br />80% of the purchase price. There were no questions on this project. <br /> <br /> <br /> <br />5.Administrative Budget Overrun <br /> <br />Ms. Weiss explained that due to increased salary costs and legal fees associated <br />with the review of projects, there would be an overrun of the Administrative <br />budget in the present fiscal year. The initial appropriation for the Administrative <br />Budget had been $50,000. She did not specify the amount of the overrun. <br /> <br /> <br />The Public Hearing was adjourned at 8:40 pm. <br /> <br />The CPC met after the public hearing and discussed the Leary project with <br />representatives from the Conservation Commission, and members of the public. <br />The plan of the land showing the 30,000 sq. ft. lot was reviewed, and there was <br />considerable discussion of the options regarding affordable housing. The <br />Committee also discussed the allotment of the purchase price that would be <br />devoted to the affordable housing “bucket”. At their meeting the previous day, the <br />Committee had decided to allot $720,000 for the 30,000 sq. ft. lot, but after <br />additional discussion, the Conservation Commission and the Committee agreed <br />upon the figure of $600,000. The CPC voted 5-0 to: approve the Leary <br />acquisition; to accept the present plot plan which showed 30,000 square feet being <br />potentially devoted to affordable housing; and to change the allotment of <br />$720,000 to $600,000 for the affordable housing portion of the purchase. <br /> <br /> <br />The meeting was adjourned at 9:10 pm. <br /> <br />Respectfully submitted, <br /> <br />Nathalie Rice <br />Administrative Assistant <br />Community Preservation Community <br /> 6 <br />