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121 <br />PLANNING BOARD MINUTES <br />MEETING OF APRIL 4, 1983 <br />The meeting of the Lexington Planning Board, held in Room G-15, Town Offices, was <br />called to order at 7:05 p.m. by the Chairman, Mrs. Smith, with members Flemings, <br />Nichols, Sorensen, Uhrig and Planning Director Bowyer present. <br />67. APPROVAL OF MINUTES <br />On the motion of Mrs. Nichols, seconded by Mr. Sorensen, the minutes of the meeting <br />of March 21, 1983, were approved unanimously as written. <br />SUBDIVISION OF LAND <br />LO 68. Kitson Park, off Concord Avenue; Reduction of Surety, Acceptance of Surety: <br />N It was agreed to take up the reduction of surety which had been placed on the table <br />® (see Minutes 2/28/83, Item 30). The Board was in receipt of a memorandum from <br />Q Francis X. Fields, Town Engineer, dated February 23, 1983, recommending that the <br />M surety for the subdivision be reduced from $190,000 to $60,000. On the motion of <br />LLJ Mr. Sorensen, seconded by Mrs. Uhrig, it was voted unanimously to reduce the surety <br />Q from $190,000 to $60,000. <br />In the proposed surety agreement, Mrs. Smith noted a disparity between the comple- <br />tion dates in the document. After discussion of the meaning and effect of the <br />schedule of construction contained in paragraph 4 of the proposed agreement, the <br />Board agreed to delete the schedule and to have paragraph 4 end with the words <br />"....release a specified sum." On the motion of Mr. Sorensen, seconded by Mrs. <br />' Flemings, it was voted unanimously to approve the surety presented by the developer <br />in a document entitled "Performance Secured by Funds Retained by Lender," dated <br />March 30, 1983, signed by William H. Hamilton, the developer, and Theresa C. <br />Campbell for the Merchant's Cooperative Bank, as such document was amended by the <br />Board, and endorsed such document by the signatures of each member of the Board. <br />As this document was the first use of the new standard form for the provision of <br />surety with funds held by a lending institution (see minutes of March 14, 1983, <br />Item 46), in view of the issues raised by the construction schedule in the fourth <br />paragraph, it was agreed to delete that schedule from the standard form. <br />69. Simonds Estates, off Grove Street; Release of Lots: Mr. Bowyer explained that <br />the developer, Oscar Cormier, sought the release of two lots in the subdivision <br />which already had frontage on a public way and had utility services. Mrs. Smith <br />noted that the Release of Lots form submitted by the developer referred to the pre- <br />liminary subdivision plan, rather than the definitive, and did not show the book, <br />page and plan reference of the recording of the definitive subdivision. On the <br />motion of Mr. Sorensen, seconded by Mrs. Nichols, it was voted unanimously to <br />release lot 1, with frontage on Grove Street, and l-ot 16, with frontage on North <br />Emerson Road, because the municipal services required to serve those lots are <br />already installed, and to have the Planning Director hold the Release of Lots form <br />until the information on book, page and plan reference is entered. <br />ARTICLES FOR 1983 ANNUAL TOWN MEETING <br />70. Signing of Reports: The Board signed its reports on Articles 10-16 and the <br />1983 Report on the Housing Policy Resolution. <br />