2010-04-20-CPC-min - Laserfiche WebLink

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lot values represent the “top of the market”, which she felt was too high, and she suggested that there would be little harm in waiting on the proposal. Mr. Cohen expressed his opinion that the matter was being “over analyzed” and that the parcel had important conservation value to the Town. Members then discussed the next steps relative to the vote of Town Meeting, th which Mr. Cohen said could be as early as April 28. Mr. Kanter reiterated his concern regarding the legality of the acquisition and whether the CPC could approve a project cost for more than the appraised value. (The appraisals came in at $4,400,000 and $3,700,000 and the negotiated price was $3,800,000.) Ms. Krieger assured Mr. Kanter that this question had been researched by Town Counsel, and that the CPC could approve an appropriation at $3,800,000 (within the value given in the higher appraisal). Mr. Kanter also posed whether a multi-use package was out of the question because of the wording of the motion, (which identified the purpose of the proposed acquisition as being only for conservation.) Ms. Krieger responded that this was correct, and that the parcel could only be purchased for conservation purposes. Mr. Cohen and Mr. Kelley addressed this issue, stating that in the beginning phases of the negotiations, the parcel had been considered only for conservation, and that this language therefore, had been used in the writing of the motion. Ms. Fenollosa raised the issue of bonding the $3.8 million dollars for the project, and informed the Committee that she had requested bonding scenarios from Mr. Addelson. She said he would get this information to her in the next few days. Ms. Kay Tiffany, a Lexington resident, spoke in support of the project, stating that the land was “very important, and a lovely viewscape”. Ms. Weiss questioned Mr. Kelley about why the configuration of the lots was different than in 2008, to which he replied that there was a desire to control a greater swath of land back to the adjoining conservation land. 2.Town Office Building Preservation Project - The Committee discussed the Town Office Building project, and confirmed the receipt of a 27-page document from Mr. Barrett, Facilities Project Manager. Ms. Rice explained that the document was not generated after the 7-page document was received th by the CPC on March 11, but was in fact the basis for the compilation of that report. It was the feeling of some members of the CPC that there had been too little information too late on the project, and that such action had put the CPC in a difficult position. Ms. Weiss stated that she had repeatedly th asked for the longer report, starting at the March 11 meeting when the condensed version was presented to the CPC. There was a lengthy discussion 2