Planning Board Minutes 1992-09-09

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PLANNING BOARD MINUTES MEETING OF SEPTEMBER 9,1992 The meeting of the Lexington Planning Board held in Room G-3, Town Office Building, was called to order at 7:40 p.m. by Vice-Chairman Domnitz, with members Davison and Wood, and Planning Director Bowyer present, Mr. Williams and Mr. Grant were absent. ************************ PLANNING DIRECTOR'S REPORT *********************** 128. Staff Reports. a. Tracer Lane LitiEation. Mr. Bowyer reported on the rehearing of the Tracer Lane case in the Land Court on Friday, August 28, when he again testified for the Town. b. Staff Assignments Mr. Bowyer reported that Assistant Planner Marino is doing some work for the Assessing Department and will be working with other Town officials in the new computer network which is being installed. Due to the departure of Assistant Town Manager, Deb Radway, to take another position, Mr. Bowyer will spend more of his time than usual in preparing the Capital Improvements Program for the Town Manager. c. John Sellars Land. Mr. Bowyer described a meeting held earlier in the day involving representatives of the Planning Board, the Conservation Commis- sion and the Board of Selectmen and the Town Manager to review the various issues in the development of land off Concord Avenue now owned by John Sellars. ***************** ADMINISTRATION OF LAND DEVELOPMENT REGULATIONS ************ SUBDIVISION OF LAND 129. Taylor Lane: Mr Bowyer reported that he had received the signed surety documents and the bank passbook from the developer. The Board discussed the wording of the standard motion used for setting surety. On the motion of Mrs. Wood, seconded by Mrs. Davison, the Board voted 3-0 1) To set the amount of surety for the Taylor Lane subdivision at $29,500, which is the total remaining "Cost to Construct," plus contin- gency, escalation deposit, and administrative costs, as the amount necessary to hold until the completion of the community facilities and the subdivision; 2) that this level of surety is determined to be sufficient through September 9, 1993 only. If the subdivision is not completed by that time, the amount of surety needed may be re-evaluated to determine its relationship between the then applicable construction costs and the work remaining to be completed. If little or none of the work that remained at the time this surety was posted is completed by September 9, 1993, and the current costs of the amount of work to be completed have increased, the amount of surety will be increased to reflect the costs of completing the work and the developer will be required to furnish additional surety to the Planning Board;