2004-04-07-PB-min - Laserfiche WebLink

Browse Search

Minutes for the Meeting of April 7, 2004 Article 12, Amendments to Standards for RD Districts, and Article 13, RO to RD Metropolitan State Hospital Site by AvalonBay The Board agreed to put off discussion of Article 12 as it will only be considered if Article 13 is passed and they thought it was more important to continue their efforts to clarify their position on Article 13, the rezoning of Metropolitan State Hospital property. Mr. Harden reported on his conversation with Mr. Michael Roberts, AvalonBay, Communities, Inc., the developer, about redrafting the fiscal impacts report using the figure of 114 school -age children. Mr. Larry Koff, who had performed a peer review of AvalonBay's projected revenue neutrality, found that with 386 units andl14 school -age children, the expected fiscal impact of the AvalonBay community would be minus $40,000, which could be considered revenue neutral within the ratio of .95 to 1.05. However Mr. Roberts was asked to adjust the unit mix to come up with a fiscal impact projection of 1.0 or less. There was discussion of a revenue neutrality guarantee. Mr. Kastorf reported that at the meeting with DCAM the previous week there had been some discussion of a guarantee but it was in return for no tax assessment until the Certificates of Occupancy were issued. Ms. Dawn McKenna who was at the DCAM meeting had said she was not sure that the Board of Selectmen could support the project without a guarantee. At that meeting Ms. Jeanne Krieger had said that her position was to reach a comfort level with the projections and that that would be the guarantee. Mr. Galaitsis said that while an ongoing guarantee might not be within the zoning powers, a temporary relief -valve for an extraordinary project could be valuable. Mr. Davies said he was troubled by Lexington seeming to tax children. Mr. Kastorf asked if having insurance about the school -aged children was a make it or break it issue for the Board. While a guarantee would be great to have in trying to leverage the vote at Town Meeting he felt he could still support the development without a guarantee. Mr. Kastorf also reported that at the meeting with DCAM there had been no indication of what DCAM would do with the site if AvalonBay's proposal is turned down by Town Meeting. * * * * * * * * * * * * * * * * ** PLANNING BOARD ORGANIZATION, SCHEDULE * * * * * * * * * * * * * * * * * ** Meeting Schedule: The Board agreed to meet at 6:00 p.m. on Monday, 7:30 p.m. on Tuesday and 7:00 on Wednesday of the week of April 12. On a motion duly made and seconded, the Board voted unanimously to adjourn at 7:55 p.m John L. Davies, Clerk