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<br />TownofLexington <br />EconomicDevelopmentAdvisoryCommittee <br />December2,2010 <br />LegionRoom,CaryHall1605MassachusettsAvenue <br />Lexington,MA <br />8:00am9:30am <br />AGENDA <br />LdladqrOqdrdms9Bg`hq+IngmLbVddmdx+UhbdBg`hq9M`q`hmAg`sh`+\[ğǞƩĻƓĭĻ{ƒźƷŷͲ <br />{źŭƒğƩǒƌƌƒğƓƓğƓķWƚĻœźƓƉ <br />Staffpresent:MaryannMcCallTaylor,andSusanYanofsky <br />MinutesofNovember19,2010wereapprovedonamotionbyL.Smith(secondS.Tullmann) <br />CommitteeengagedinadiscussionoftheHartwellAreareport.Committeethoughtthereportisbackground <br />informationforaHartwellstrategy.Reportwillberenamedtosuggestthis. <br />N.BhatiaaskedwhatthevisionisforHartwell,istogetmoneyoutofHartwell,havewedoneenoughtoachievethis? <br />Hartwellstrategydiscussion <br />1218HartwellAvenue,HartwellSquareProposal.ColinSmithofColinSmithArchitectswaspresent.TheCommittee <br />wasinreceiptoftheFiscalImpactAnalysispreparedforLexingtonManagement.N.Bhatiaaskedwhatthebreak <br />pointwasonrent.C.Smithresponded$30to$35.L.Smithaskedifthesitehadbeenmaxedoutforretail.C.Smith <br />respondedthatparkingwasalimitingfactor,theyareat5spacesper1000forparking.J.McWeeneysuggestedthat <br />thePlanningBoardwillhavetodecideiftheTMODplanwiththemediancanaccommodateretail.J.Zinksuggested <br />thattheshellcostseemedhigherthanwhatwastypicallyneededforretailandthismaynotberealistic,theymaynot <br />havetospendthatmuch. <br />OnamotionbyL.Smith(secondS.Tullmann)theEDACrecommendsthe1218HartwellproposaltotheBoardof <br />Selectmenbecausetheprojectspresentseconomicgrowth,andausethatiscompatibleanddesirableforthearea. <br />TheEDACencouragestheapplicanttoworkwiththePlanningBoardontheTMODinfrastructureissues.Thisisan <br />obsoletebuildingthatneedscapitalinvestment.TheprojectintroducesretailandtheEDACisinsupportofthe <br />conceptofbusinessretail.Fouraffirmativevotesandoneabstention. <br />9:30amAdjournment <br />FutureMeetings: <br />January6 <br />February3 <br />March3 <br />Z:\\EDAC\\EDAC Minutes\\Minutes 12-2-10.doc <br />