2009-11-19-CPC-min - Laserfiche WebLink

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st the CPC deadline of November 1. The vote was 8-0 in favor of accepting the late application, with Ms. Krieger abstaining. 3. LexHAB Purchase of Two Properties – Mr. Bill Hays, Chairman of LexHAB, met with the Committee to present LexHAB’s request for $695,000 for the purchase of two properties. One property is located at 454 Marrett Road, across from the Old Reservoir. It has three bedrooms, 1 bath, a sizeable yard and is located on a commuter bus route. The home is priced at $400,000, and LexHAB will do $30,000 in repairs and upgrades (at their expense) prior to renting the property. The second property is located in Emerson Gardens, (#142) and has a purchase price of $295,000. It is a two-bedroom unit, which Mr. Hays described as an “up and down”. In response to a question from Mr. Adler, Mr. Hays explained that the home on Marrett Road had been tested for lead, and that some levels were detected in the kitchen, which will be renovated. The exterior of the building is vinyl siding and is stable, and will therefore not need any remediation. Unrelated to the lead issue, Mr. Hays noted that the owner will replace the roof prior to completion of the sale. Mr. Hays stated that LexHAB was seeking the full purchase price of the two buildings because LexHAB had been able to qualify for 100% lending from their bank. (Historically the CPC has funded 80% of the purchase price after LexHAB has made a downpayment.) There was a lengthy discussion of the funding of the units, with Mr. Hays explaining LexHAB’s rationale for seeking full support. He said he had kept the number of units to two this year, (as opposed to three last year), and noted that LexHAB wants to be in a position to be able to buy units at Katahdin Woods when they become available. (He updated the Committee on the likelihood of being able to do so, noting that the report from their lawyer was due shortly.) 4. Busa Query – Ms. Weiss notified the Committee that the Busa farm neighborhood group had contacted the Community Preservation Coalition, to see if the use of CPA state matching funds triggered Massachusetts General Law, Chapter193 for the preservation of agricultural land. Ms. Weiss referred the Committee to an email she had received from Stuart Saginor of the Coalition, which stated that CPA matching funds were considered to be those of the municipality’s rather than the state’s, and therefore did not trigger Chapter 193. The meeting was adjourned at 5:42 pm. Respectfully submitted, Nathalie Rice Administrative Assistant Community Preservation Committee 4