1982-03-BOS-min - Laserfiche WebLink

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- 2 - r� .r- Board that the proposed bikeway plan called for a "right-of -way" that would go through the bank since the Depot Square building spars the former rail- road tracks. He state that if the bikeway were approved, he would request that the land be deeded back to the bank., instead of being used for the bikeway. M r. Walton brought up the question of "stop" sins on the crossings, He indicated that no information had been presented relative to how the problem would be handled. The Manager pointed out that there would be problems as with any other project and stated that the Town has not committed itself to any expenditure of funds at this point. Mr. Busa and Mr. Polit felt that action on the proposal should be postponed until a later date when more citizens who were not fully aware of the proposal could be heard. Mr. Politi made a motion that action be deferred until a later date which was not seconded. Upon motion duly made and seconded, it was voted -1, Mr. Busa voting in the negative, that the Board approve the concept of the bikeway with the Board later looking into the maintenance costs. The Board met with four developers w h submitted proposals to the Muzzey School Conversion Committee for conversion of the school. The hir- ma.n explained that each would be given a ten - minute time frame in which to present the proposal.. Thereafter, there would be a twenty - minute question period by the Board who would them go into Executive Session for the pur- pose of discussing the transfer of the real estate. The following proposals were presented Developer: The Codman Company, Inc. Architect: Amsler Hageaah MacLean, Architects, Inc., Landscape Architect: Matara Design Construction and Permanent Financing: Winchester Savings Bank Concept: Condominiums Mr. .James M. Grossiman, senior Vice President, presented the proposal which would convert the school into sixty-two market rate condominiums de- signated as "Earls Crossing" with an additional unit for the superintendent. The proposal would allow for the construction of a separate building for the senior center. Small units were designed so that they could be sold at a price that would make there affordable to a broader spectrum of the market place. M r. Charles Hagena.h, the architect, explained the concept to the Board including landscaping and parking facilities. Price range for the units would be from $60,000 to $150,000. Opera- ting costs for the common area for landscaping, electricity, snow removal, insurance, payroll etc. would be approximately $1,000 per year. There would be eighty -one parking spaces for the sixty -two units and seven addi- tional if the Town did not want a senior center. Ir. Robert Nickerson, President and senior Leading officer of the Win- chester Savings Bank stated that the bank has been involved with Codman on similar project in Winchester an had a. high regard for C odman profes- sionalism, design and construction. They are interested in supporting the o max proposal. for Mu