1986-02-BOS-min - Laserfiche WebLink

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Selectmen's Meeting February 11, 1936 -5- maintenance of the proposed commuter bikeway. He reported that each of the involved Towns has been asked to make a commitment for maintenance and policing of their sections of the bikepath. He felt that the suggested fora letter to the State DPW was too broad and also saw a need to spell out more precisely what the'Town's responsibilities will include. In order to expedite the matter, Mr. Eddison was authorized to pursue this matter with the State, with telephone calls to Board members, if necessary. Also, the State DPW will be asked to be specific about its Maintenance responsibilities. KATAHDIN WOODS DEVELOPMENT The planning Board meet with the Board by appointment for d i scuss i on , of PON the proposed Katandin Woods development, the intent of the Selectmen being to arrive at a position to be transmitted in a statement to the Board of Appeals. Mr. Ullian, Boston Investment and Development Company was present and the Housing Authority and Conservation Commission were represented. It i o was noted that it would be within the Board's right o go into Executive Session with the Planning Board and Hou.sing Authority for discussion of real estate net+a �:�:�:�� and that any findings arrived at would be disclosed in } r �� W 1r s�4 L►� / Mr. Mars:all noted receipt that night of a letter to the Selectmen and the Planning Board from Arthur Ullian, Who was asked to summarize its contents. Mr. Ullian displayed a site plan showing the 128 units proposed. He outlined six issues which were referenced in the letter and which BICD asked to have included in the Board of Appeals' comprehensive permit. 1. "The Cutler Farm House" on the Cosgrove property. If the Cosgroves do not move the house, as indicated, BICD will move it to an appropriate site within Lexington or on the site for use as a clubhouse. 2. The 26 units to be designated for low /moderate income families, BICD agreed to provide more 3- bedroom and fewer 2- bedroom units than originally proposed. The 102 non - designated units will be rented at market rates under the terms of the TELLER program. 3. Distribution of the 1- and 2- bedroom low income units will be distributed evenly throughout the development. 4. Financing of construction and permanent financing of the Project will be through sale of tax exempt bonds by the Housing Authroit y under guidelines of the TELLER Program. 5. Per Teller Regulations, the minimum "Lock -In" period for low /moderate income units is 14 years, with a 10-year "Lockw-In" period for the market rate un S. BICD's right to convert the non -- designated units to condominiums after the close of the "Lock -In" period and the Town's option to purchase the Z b l o w/ mod erat e i nco me or one of the five 2 1/2 story buildi and details of costs f such purchase by the Town, If the Town choses not to