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PLANrTTNG BOAPD M E, 7TG March 5a 1962 A regular meeting of the Lexington Planning Board was held in its office in the Town Office Building on Monday, March 5, 196?_ at 7:45 n.m. Present were Chairman Soule, members Bryson, Grindle, and Meyers and Planning Director Snow. Town Counsel Stevens met with the Board and presented a cops* of his letter of F2a.rch 5, 1962 to ARLEX the Town Clerk setting forth the fact that there had REALTY now been obtained from the Arlex Fealty Trust, Inc. TRTTST a grant of utilities that had been installed in the - Grant Estates Lexington, Mass, subdivision. All GRANT matters annearing to be in order, noon motion duly ESTATES made and seconded, it was unanimously - BFSSFTTE VOTED: to release the performance bond, dated Octo- ber 9, 19591 filed by Arlex Realty Trust, Inc,, as Princi_nal, and Continental Casualty Comnanv, as Surety, In the sum of twelve thou- sand and 00/100 dollars --V" 12,000.00) --to se- cure the performance by the subdivider of his agreement In the form of an ap-ollcation for approval of a definitive elan, Form C, dated June 16, 1959, to complete the work to be ner- formed by the subdivider as shown on the sub- division nlnn entitled "Grant Estates Lexing- ton, Mass.", and dated June 151 1969. Messrs. Meyer and Soule filed with the Board their majority report with reference to the public REZONI"TG hearing held by tre Planning Board on February 27, PROPOSAL 1962 in regard to the nronosal to rezone the land of - the Lexington Investment Trust. (See addendum; see REPORTS also minutes of Planning Board meeting of said date.), Mr. Stevens was asked if the action which the Planning Board had taken at its special meeting on February 27 was legal, namely, the two -to -one vote and the nreparation of majority* and minority reports In re?ard to a rezoning nronosal 'heard on said date. mr. Stevens indicated that it was. He also said, how- ever, that the new nlanning board duly constituted after the annual town election being concluded that eveni_nt likewise had the right to act on said rezoning nronosal and prenare a report if it wished to do so. ' TIr. Soule left the meeting at 8:15 n.m., his five-year term havinp; exnIred. Vice -Chairman Gr-ndle then rnr.esided for the remainder of the meeting.