1983-02-14-STM-min - Laserfiche WebLink

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-ci (WARRANT - SEE WARRANT FILE) SPECIAL TOWN MEETING - FEBRUARY 14, 1983 The meeting was called to order by the Moderator, Lincoln P. Cole, Jr. 8 P.M. and immediately recessed subject to the call of the chair. The meeting reconvened at 8:10 P.M. There were 170 Town Meeting Members present. The invocation was offered by Rev. Ted Petterson, Rector of the Church of Our Redeemer. 8:12 P.M. Town Clerk, Mary R. McDonough read the warrant for the meeting until further reading was waived by the meeting. 8:13 P.M. The Town Clerk read the Constable's Return of the warrant. 8:13 P.M. Article 2. MUZZEY CONVEYANCE Presented by Selectman Chairman, Alfred S. Busa. MOTION: That the Selectmen be and they hereby are authorized to (For convey the Muzzey Junior High School property on Massachusetts adopted Avenue consisting of the building and the land immediately ad- motion joining, but excluding the so- called soccerfield, to Sydney -Noyes see Associates for the purchase price of $238,000 plus the construction page of a senior center and on such other terms as the Selectmen shall 199.) determine; and that the Selectmen be and they are hereby authorized to petition the General Court for an act to establish a non - profit housing corporation to provide affordable housing in the Town and to accept funds from the sale of Muzzey Junior High School and any other available funds for such purpose. 8:15 P.M. Mr. Busa spoke of the work of the Muzzey Conversion Committee. He said that the committee had received 37 letters of interest and 12 proposals. Three developers were asked to present final pro- posals and Sydney -Noyes Associates was the developer accepted. He then asked that R. Kirk Noyes be recognized. 8:18 P.M. Article 1. The Moderator stated that Article 1 would be open throughout the meeting for committee reports. 8:18 P.M. Article 2. (The following was filed, plus the plan, with the Town Clerk on (Cent.) February 14, 1983 at 4:16 P.M.: MEMORANDUM OF UNDER STANDING This Memorandum of Understanding dated February 3, 1983, by Sydney Noyes Anderson Associates Inc. (the Developer) sets forth the Developer's proposal to the Town of Lexington (the Town). WHEREAS, the Town desires to sell to the Developer the land, buildings and other improvements located on Massachusetts Avenue, Lexington, Mass. and known as the Muzzey Jr. High School (the Property). WHEREAS, the Town desires to have the Property renovated and converted to residential condominiums and possibly a Senior Center (the Conversion); WHEREAS, the Town desires to maximize the extent to which the condominium will be and will continue to be affordable housing; WHEREAS, the Developer desires to purchase the Property and to undertake the Conversion; NOW, THEREFORE, in consideration of the premises, one dollar ($1.00) and other good and valuable consideration, the Developer and the Town agree as follows: