2020-10-14-AC-min - Laserfiche WebLink

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10/14/2020 AC Minutes In response to questions, Ms. Fenollosa commented, as follows: • Two factors likely influenced LexHAB's decision not to purchase the house. ➢ New housing is preferred over managing the uncertainties of rehabilitating older homes. ➢ LexHAB is currently focused on developing the Leary Land on Vine St. and was concerned that its bandwidth would be insufficient to take on the project. • The present owners would like to see the house preserved, but it is not known whether the Purchase and Sale Agreement will include any restrictions to that effect. Without such restrictions, the Town would not control the future of the house, although it would be subject to the one-year demolition delay by-law. • Mr. Bartenstein inquired whether the land appraisals contained a"before and after analysis," i.e., whether they take into account the potential for an enhancement of the value of the house lot if the Town purchases the surrounding property for conservation land. Ms. Fenellosa said that she would provide the Committee with copies of the appraisals. • This article is scheduled to come before the STM on November 9. It was decided to postpone taking a position until the Committee has had an opportunity to review the appraisals and additional members are present. Mr. Parker reported that the Capital Expenditures Committee is supporting this article with one opposing vote. There was a brief review of the mechanisms for this Committee to communicate during the STMs. The meeting adjourned at 7:07 p.m. Respectfully submitted, Sara Arnold Approved: October 29, 2020 Exhibits • Agenda,posted by Mr. Parker, Chair • Remote Meeting Prologue 2