2008-07-23-TAC-min - Laserfiche WebLink

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Google Transit ➢ Town Manager signed agreement required to initiate this program developed by Danny. Traffic Demand Mitigation (TDM)Updates ➢ Starwood's one -time payment of $200,000 was received. Town Meeting must appropriate to an interest bearing account. ➢ Patriot Partners occupancy will be monitored given Shire's emerging presence. When 50% capacity is achieved, annual TDM payment increases by $10,000 (added to original $10,000 with recognition of the accrued CPI adjustments to date). ➢ Watertown Bank at 1025 Waltham Street opened July 1. Annual TDM payment is $3,500 with an annual CPI adjustment. ➢ Lahey Lexington at 16 Hayden TDM agreement will be reviewed by town counsel regarding extension of TDM payments as suggested by the Traffic Mitigation Group. The TDM document specified annual payment of $4,000 for a "minimum of 10 years." This period expired in January, 2008. Transportation Mitigation Group (TMG) Updates ➢ Economic Development Officer is composing a letter to the MBTA requesting added service on Hartwell Ave. Businesses on Hartwell Ave met to discuss starting bus shuttles to and from regional transportation hubs. ➢ Selectmen have endorsed the Route 4/225 corridor as a candidate for CTPS high traffic volume study. Location of Hanscom and possible Cyber Command Center on Route 4/225 were to be emphasized. ➢ Lexington is working in conjunction with Lincoln, Waltham and Weston to develop a regional traffic mitigation program. It is hoped that Bedford and Burlington will join this effort. The impetus is several proposed Waltham developments projected to generate an added 100,000 trips per day along Route 128. ➢ Planning Board appears to have made little progress in crafting a revised Traffic Demand Mitigation (TDM) policy as highlighted at Town Meeting. Prepared by Gail Wagner, July 30, 2008