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HomeMy WebLinkAbout03-02-1972 _ � 7rCSR...aa,..,.,.,�..a..�..,. NLIRS?TT];a �.,,...a...,.�.w.,.�. 2 March 1972:, . ....,. :u -*-f ,t•, NEXT MEETING - 6 April Town Office Building 3 00 p m 4 4- .;..;- °;a: A regular me tiag of the Commission was held on 2 Mar.°ch 197P. at 8 00 porn, pt the, Towr. fire Bui!_ding. Pres ;nt we •e E.Ii, 03arle E. T. Clarke? u''1-'ian. McLaughlin I icheiman, Eiffin, Coo Ivey Swot. and Tatman. Also present wore Mesdames 1.-,e.1.se and Bach. and Mos;;..'s Hooray Spauir'.t,ng, and 'W:cnin. Mr. Spaulding briefly described the proposal. for BEDwOR construction of multiple )endominiums off. BedforL Sti et, SrTRis7'i, which will encompass some housing f u. families of nodor= HOUI:X Atte income. Subsidized unity will be so30 , the a re- :PROPOSAL striction on re-sale for two years. Discussion centered around the problem of: how to maintain these as subsidized units a, to prevent speculation and keep the cost within moderate income range Sever: L possibilities fere put forward increase the restriction to fJur.' voa s" as Gas been done elsewhere; .ry to persuade owners co voluntarily renew the restriction yearly, select oriers whose income is unlikely to rise for a numbs. of ,rears (handicapped, el widows with children, for example ) ; provide for first refusal by a non-profit agency which could then subsidize rental or purchase by a moderate income family. After departure of the developer^, it was agreed to support the project ae n first : iciz tow=ard demonstrating that mixed income groups can live togethe .. It was unani rnously VOT71: To take action in favor of the Article t1nd to work for sprengtheni.ng the deed .n.st:"ictions regarding re-sale. Mr. Miehclrnan will draft a stater: nt fo: approval by othsi Commission members, to be publicized and presented at Town Meeting. LOSR initiated, this article approves participation 3T.LC.LIs 99 of the Housing, Authority in development of hous: rig for, families of low or moderate income. Mr. a.Lehelman reported meecing with the Appropriations Committee y which has recommended favorable action and an appropriation of ()500 It was felt that more money might be needed to hire someone to cacry out research, investims tion and negotiations with funding agencies Ai . Michelmarz talk further with the a. C. chairman and try to determine the position of the housing Authoritjt itself Planning Board Initiated, this authorizes the AR.'TICL.E 83 Selectmen to convoy tax title lands at below market value to public agencies or non= profit corporations. 6On ., ' s4 2 Mr. Micholman will, meet with the Planning Board to dis— cuss wording of the motion under this article. It was felt that the proposal should be rendered less general; more specific: a clear. sharply defined proposal with minimal options is more likely to receive TM approval., According.. lyg it was sugge4tod that locs he limited in nurube_ and size single family units on. parcels of frfN no more than. 30,000 square foot, and meeting the raquiremeni;s of the Lexington Zoning By—law for buildable lot (±xentago, etc. ) Perhaps the propsal should also be limited to owner hin units, thus obviating involvement with federal programs, and making for slower turnover It was felt that the price rf the lend should be kept low so that comparisons :could not he made with the pr''iice of tar title lots sold at fair market value; but, that perhaps the motion should specify somu minimum figure. The meeting Fld.jouraed at 9. 58 is m.