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12-8-58 <br />' <br />In discussing the proposal further it was <br />stated that the developers would construct the <br />15 <br />proposed section of Emerson Road, building single <br />. 42 8or <br />family houses fronting on the northeasterly side <br />Number of 3 bedroom units <br />of the road and the apartment buildings on the <br />18 <br />southwesterlNr side as well as constructing the <br />private road extending along the southwesterly <br />Number of t bedroom units <br />boundary of the proposed A 1 district. It was <br />10 <br />noted that the private road would give access to <br />parking areas in the rear of the apartment build- <br />122.50/mo. <br />ings, and together with said road provide space <br />c. 1 bedroom units . <br />for approximately 150.automobiles. In addition <br />it was pointed out that the whole layout would be <br />such as to create a park -like setting for the <br />Est. cost of development <br />buildings, play areas being conveniently located <br />Est. valuation for assessment <br />to all apartment units. <br />In summarizing the proposal Mr.Cole stated <br />that it was proposed to finance the project on the <br />F.H.A. mortgage basis, the plans being drawn to <br />meet F.H.A. requirements. He then furnished the <br />Board with the following preliminary information <br />under this proposal: <br />Number of buildings� <br />15 <br />Number of units/bldg <br />. 42 8or <br />10 <br />Number of 3 bedroom units <br />18 <br />Number of 2 bedroom units <br />88 <br />Number of t bedroom units <br />10 <br />a. 3 bedroom units .$135.00/mo. <br />b. 2 bedroom units . <br />122.50/mo. <br />c. 1 bedroom units . <br />100.00/mo. <br />Total number of units <br />116 <br />Est. cost of development <br />. $1,500,000. <br />Est. valuation for assessment <br />(over) <br />$ 5001000. <br />The Board explained the mechanics in asking <br />for a change in the zoning by-law including adequate <br />description of the proposed district, petition by <br />applicants for a public hearing and a petition for an <br />article or. the warrant for the annual town meeting. <br />Messrs. Berglund, Ippolito, Longo and Cole <br />left the meeting at 10:10 p.m. <br />-2- <br />Mr. Snow discussed with the Board a plan <br />which he had prepared, said plan showing Vine Brook WORTHEN <br />Realty Trust, Colonial Development Corp. and adja- ROAD <br />cent lands, Mr. Snow's recommendations for the re- <br />location of Worthen Road across said lands., and also <br />his recommendations for the residential subdivision <br />