HomeMy WebLinkAbout2006-03-06-CCB-minLexington Condo Conversion Board
Minutes. of Meeting 31G106
Present-Members- J,Mcweeney, M. Derby, A.Zabin, J.Hawkinson, Town Counsel Ryan Pace,
Representatives ofHamilton Atty B. Shadrawy, C. Valeri, President of Hamilton.
Location: DPw lunch room
The mtg was posted by Town Clerk. The meeting was opened at 8:30 AM. The Board advised
the representatives that it was active and was the sole license authority.
The Board indicated that its mission was to work to insure that existing tenants especially aged
or financially limited were given consideration: and the Board encouraged rental unit diversity
in its housing stock by fostering the purchase of same units for rental .J. Hawkinson provided
demographic info from the Street List of Residents Book.
The Hamilton representatives indicated that they have a good reputation in conversions -that
residents are treated fairly and with concern for their welfare.
They indicated this was a process that would take place over time-a number of years. They view
Lexington as a community with continuing appreciation.
Rent increases, since their purchase, have been modest in the range of $251 mo, The units are in
goad shape- modest remodeling would take place-fixture and possible cabinet replacement.
Estimated market prices at this time would be $350-400,000 range. The garden units would be
less than the upper floors,
Upon question, Mr. Valeri said existing rents were approximately$1 ~OOlmo.
Mr. Valeri said he would forward to the Board a sample notice letter which would illustrate the
straightforward direct and clear language they use to explain the process to existing residents.
The goal of the company was to work with the Board.
Mr. Derby provided a worksheet of what a moderate income household might be able to pay for
a unit as a discussion piece. Mr. Derby also provided background of Lexhab and indicated they
could be a potential purchaser of units. Mr. Valeri said he had no problem integrating rental units
into condo project, that there was na bias against it.
Subsequent to the discussion, the Board voted to approve the draft Application Forms prepared
by Counsel and to request him to forward them to Mr. Shadrawy. The Board also designated a
sub-committee of Messrs Zabin and Derby to continue discussions with Mr. Valeri. Mr. Derby
indicated that the Lexhab Board had an upcoming mtg and he would speak to them and report
back.
The meeting was adjourned sine die at 10:00 AM.
Respectfully,
Jahn. J. Nlcweeney, Chair
LE~IN~T~N CUND~VIINIUM CUNVERSIUN B~lARII
CCND~MINIUiVI CDNVERSI4N LICENSE APPLICATION
Chapter 144 of the Code of the Town of Lexington
To the Lexington Condominium Conversion Board:
The following applicant wishes to convert the housing accommodations in the Town of
Lexington identified below into condominium or cooperative units, The applicant hereby
requests a candominium conversian license for such conversion.
Applicant name and address:
^ Dwner ^ Purchaser
Address of accommodations to be converted:
In accordance with Section 144-4 of the Lexington Code, the applicant attaches evidence
of the following to this application:
^ Notif cation to the Lexington Housing Authority of the planned conversion.
^ Notif cation to the Lexington Housing Assistance Board of the planned conversion.
® Notification to all affected tenants of the planned conversion in accordance with
Section 4 of Chapter 527 of the Acts of 1983 and evidence of the applicant's
compliance with the requirements of Section 4 of Chapter 527 of the Acts of 1983.
The applicant has also paid the candominium conversion license .ling fee required under
Section 144-9 of the Lexington Code.
Signature of Applicant
Date
BOS 111 11741944.1
LE~INGT[~N C[~NI}I}MINIUIVI CC~NVERSI[lN B[~A.RD
C~ND~MINIUM EVICTION LICENSE APPLICATION
Chapter 144 of the Code of the Town of Lexington
To the Lexington Condominium Conversion Board:
The following applicant wishes to evict the tenant in the housing accommodation in the
Town of Lexington that is identif ed below in conj unction with the conversion of the housing
accommodation into a condominium or cooperative unit. The applicant hereby requests a
condominium eviction license for such conversion.
Applicant name and address:
^ owner ^ Purchaser
Address of accommodation where eviction is planned:
In accordance with Section 144-5 of the Lexington Code, the applicant attaches evidence
of the following to this application:
^ The condominium conversion license for the planned conversion.
^ Evidence of the applicant's compliance with the requirements of Section 4 of Chapter
527 of the Acts of 1983, specifically including written evidence that the
condominium or cooperative unit was offered for sale to the tenant and that the tenant
has waived his or her right to acquire the unit, and evidence of the applicant's
compliance with any other applicable federal, state and local laws and regulations.
The applicant has also paid the condominium eviction license filing fee required under
Section 144-9 of the Lexington Code.
Signature of .Applicant
Date
BOS 111 11741946.1