2012-03-21-PB-min - Laserfiche WebLink

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PLANNING BOARD MINUTES MEETING OF MARCH 21, 2012 A regular meeting of the Lexington Planning Board, held in the Selectmen’s Meeting Room, was called to order at 7:30 p.m. by Chairman Richard Canale with members Greg Zurlo, Wendy Manz, Michelle Ciccolo and Charles Hornig and planning staff Maryann McCall-Taylor, Aaron Henry and Lori Kaufman present. ************************DEVELOPMENT ADMINISTRATION********************* Jefferson Union, Minor modification: Beverly and Michael Meadows, the applicants were requesting a modification to the special permit granted to Jefferson Union Trust on August 28, 2005. The applicants were requesting a reduction of the $200,000 payment to LexHAB specified in the special permit. It is believed that this sum might have been based on an estimate of the cost of a unit in 2005 but there is no record of how the figure was arrived at. DHCD did not approve the affordability restrictions for several years during which time the unit values have declined and the developer had to pay carrying charges much longer than anticipated. In addition to reducing the total amount, the applicant would like to pay with a combination of cash and in-kind services to the town. They are the successful bidder on some construction projects for the town so have a contract and have gone through the procurement process. Board Comments:  While not persuaded by the costs of the unit, there was sympathy regarding the overpayment of taxes as well as the hold up by DHCD for several years. Based on the current value of homes the amount of $150,000 would be acceptable.  There was no statement found on record about the methodology used to derive the $200,000 figure.  The Board was uncomfortable with a partial payment being made through services to the town.  There should to be consideration made to the increased cost since this is not going to market today and $160,000 would be acceptable. On a motion duly made and seconded, it was voted, 5-0, to accept this as a minor modification to the special permit.