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PLANNING BOARD MINUTES <br /> MEETING OF APRIL 13,1992 <br /> The meeting of the Lexington Planning Board held in Room G-15, Town Office <br /> Building, was called to order at 7 34 p.m. by the Chairman, Mr. Williams, with <br /> members, Davison, Wood, Planning Director Bowyer, and Secretary Tap present. <br /> Mr. Grant and Mr. Domnitz arrived during Item 66. <br /> 62. Review of Minutes The Board reviewed the minutes for the meeting of <br /> January 21, 1992. On the motion of Mrs Wood, seconded by Mrs. Davison, it <br /> was voted 3-0 to approve the minutes, as written. <br /> The Board reviewed and corrected the minutes for the meeting of April 6, 1992. <br /> On the motion of Mr. Grant, seconded by Mrs. Davison, it was voted 4-0 to <br /> approve the minutes, as amended. Mrs. Wood abstained from voting as she was <br /> not present for that meeting. <br /> ************************ PLANNING DIRECTOR'S REPORT *********************** <br /> 63. Planning Director <br /> a. Land Use Law Article: Mr. Bowyer distributed and commented on <br /> copies of an article in the current issue of "Land Use Law and Zoning <br /> Digest". The article commented on three cases dealing with regulatory <br /> takings which are before the US Supreme Court in this term. Land use <br /> law commentators believe Lucas v. South Carolina Coastal Councilmay be <br /> a potentially landmark case in which this conservative, pro property <br /> rights court may alter some of the currently accepted practices in <br /> zoning law. <br /> ************** ADMINISTRATION OF LAND DEVELOPMENT REGULATIONS ************* <br /> SUBDIVISION OF LAND <br /> 64. Royal Circle Mr. Bowyer reported that Barry Caouette,the developer of <br /> the Royal Circle subdivision, wishes to renew the level of surety held by the <br /> Town in order to have the remaining lots released. He said that the level of <br /> surety for the Royal Circle Subdivision was set at $30,000 by vote of the <br /> Board on October 29, 1990. The Board also voted at that time that the level <br /> of surety was sufficient through October 29, 1991, at which time, the level of <br /> surety may be reevaluated to determine its relationship with the then applica- <br /> ble construction costs and the work remaining to be completed. As of this <br /> date the work that remains consists of the top coat of the road and sidewalks. <br /> The total cost for completion of the community facilities and the subdivision <br /> is approximately $6,500. <br /> On the motion of Mrs. Wood, seconded by Mr. Grant, the Board voted unanimous- <br /> ly• <br /> 1) To renew the level of surety for the Royal Circle subdivision at <br /> $30,000, which is 15% of the original cost to construct, the minimum at <br /> which the surety may be set, as the amount necessary to hold until the <br /> completion of the community facilities and the subdivision. <br />