1988-08-BOS-min - Laserfiche WebLink

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- 2 - She was pleased with the set -up of goal's present in the Traffic Management plan and applauded the fact that the Town will have control of ■o traffic mitigating measures, funded by the developer, Jacqueline Davison, South Lexington Association, noted lunch time traffic mid -day, in addition to a.m. /p.m. traffic peaks and asked that thought be given to provision of a cafeteria in the new addition. Upon motion duly made and seconded, it was voted to authorize the Town Manager to continue negotiations with Boston Properties on the mitigating measures recommended by the Planning Board and on an increase in its financial commitment to traffic improvement. It was also voted to allow Boston Properties to use various public ways associated with its application if Planning Board requirements are met and the Town Manager's negotiations produce results that are in the best interest of the Town. PINE MEADOWS Mr. white noted that on Friday, at the Registry of Deeds, Moore Homes, Inc. will be offered a check for the purchase of the Pine Meadows land, He reported on issues relative to bonding of the funds and restrictions now imposed under the Tax Reform Act. He noted that bonding of over Flo million in one year would be subject to a significantly higher non - municipal rate of tax. The Act would also prohibit the leasing with a profit incentive clause, of any land bonded since 1985. Regarding the operation of the Golf Course, he had previously proposed to engage a management firm which would operate the course on a long term basis and would share with the Town the profits realized. The Tax Reform Act would prohibit sharing of profits by a separate entity under a profit incentive contract, which would mean that the Town would be responsible for all debits and credits and would pay the management firm a guaranteed amount. He suggested that Town Meeting be asked to approve the establishment of an Enterprise fund for this purpose. Mr. White said he would like to see the appointment of a Committee as soon as possible to review issues relative to the operation and management of the golf course. He listed a number of possible candidates for the committee, which would be headed by Joan Halverson, Recreation Director and himself. He felt it to be important to gear up no in preparation for Spring '89 and will provide information of progress with the R.F.P. process in the near future, MTNTITFS Upon motion duly made and seconded, it was voted to approve, as presented, the minutes of Selectmen's Meetings on August 8, August 11, August 12, 1988 and the minutes of the Executive Session on July 25, 1988. RESIGNATIONS TRANSPORTATION ADVISORY COMMITTEE & CABLE TV /COMMUNICATIONS COMMITTEE No