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HomeMy WebLinkAbout1962-12-18-CEC-min.pdf Dec. 180 1962 Meeting of Capital. Eupenditures Committee With Assessors Present* R. Gary0R. Longley; D. Noyes, V. Boughton. R. Sauna J. Connell, Gnash. C. Cronin (Clerk), B. ;Zrwin, Building Inspector 4 0 n1'n Prelimin.wy Estimate of 1963 valuations — .945 million increase 140 new houses — avg. 0030.000 Systems development — about $2000000 Kexneeet* 80% finished t in erseso in Richards property —about $8000000 Trends 1957 217 houses 1958 233 " 1959 269 " 1960 246 " 1961 166 " 19&`1 140 0 1963 Ret ; 9 to 390.000 Maple St. Apts Presents 7300 buildings (dwellings). .+ 100 Cormeroial pr©pe.{r'ties Raytheon $3.11 ,000 '—Val. top off4fl + 25 acres) 140.000` val. tor 75 ac-rne) Edison $5.303.000 meetly personal p,operty) Telephone 1.607.000- mostly personal) (01500000 real) Gas 751.000 +20% allowed -in 1960 Undergrounds pipes and conduits taxable. overhead free Railroads B & M val $60000 for E. Lex. Station- (that will be wiped \ out this year) RJR. stip. free. taxed only if rented. 3. Total valuation of all industrial properties as of 1/1/04 Raytheon $3.9 million Itch 2.6 Systema. 0ev. .136 Kennecott .107 Total commercial properties 000102110110 $10.380.400 industriai properties —20,0#40.20 0,590 fi000 ktOSIA 11.8860400 Total valuation $1580500*000 real estate 8400,000 personal property $164.700.000 Potential increeses 1/1/64 Emerson Gardens (3 under constbuction now. 4 more permits already issued !?`,.Tice building behind Ste & Shop Land — 002201000 Houses lost to National ParJ $S.pA x about 7 homes = 456.0t4 lost to Rte. 1MB more lost to rte. 2