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<br />PLANNING BOARD MINUTES <br />MEETING OF AUGUST 5, 2015 <br /> <br />A meeting of the Lexington Planning Board, held in the Selectmen’s Meeting Room, was called to <br />order 7:01 p.m. by Chair, Nancy Corcoran-Ronchetti, with members, Tim Dunn, Charles Hornig, <br />Richard Canale, and planning staff Aaron Henry and Lori Kaufman present. Ginna Johnson was <br />absent. <br /> <br />*********************************STAFF REPORTS***************************** <br />General updates: <br />The following documents on the table are items for the Board: <br />1. Updated meeting schedule; <br />2. The Board of Selectmen (BOS) preliminary goals framework for FY 2016/2017. The <br />st <br />meeting to discuss the goals is set for August 31, which the Planning Board has been <br />invited to attend; and <br />3. Zoning Board of Appeals updates show three new cases and comments were made <br />internally. <br /> <br />*********************ZONING & LONG RANGE PLANNING*********************** <br />Center Banking Moratorium <br />Melisa Tintocalis, Economic Development Officer, explained that Town Meeting voted to approve <br />a bank moratorium in the CB District (Center) at the 2015 Annual Town Meeting. Ms. Tintocalis <br />has been having trouble getting a meeting together over the summer to get more analysis that the <br />Planning Board requested. <br /> <br />Connie Nevell from Sperry Van Ness Commercial Real Estate Firm and a Lexington resident <br />presented a brief overview for a basic understanding on current conditions of tenanting. A handout <br />was submitted and placed in the Planning Board packet for this evening. Ms. Nevell works with <br />landlords and tenants and the primary considerations for tenanting are zoning uses allowed, <br />parking, build out costs, financial security, wear and tear on property, and having non competing <br />businesses in a building. Banks are preferred since mom and pop shops only have 15% success <br />rate. Landlords favor banks since they are well financed, provide corporate type long term leases, <br />and will pay a premium in a Town like Lexington. <br />Board Comments: <br /> <br />