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Home My WebLink About1984-05-22-LEXHAB-min.pdf LEXHAB SFe< O 444 Minutes of the Meeting of May 22, 1984 *? ,9Aw Present Jean Gaudet, Don Wilson, Dave Eagle, Bill Hays, Bill Kennedy, �F Linda Conrad, Bea Phear Minutes Minutes of the following meetings were approved as amended. March 27, 1984 amend final line of first paragraph by changing "spend" to "use' April 23, 1984 no amendments April 24, 1984 Correct date to April 24; correct spelling of Margery Battin May 1, 1984 no amendments May 8, 1984 Correct date to May 8; insert James Lima's name in paragraph about "certification issues" Chairman's Report It was reported that Article 10 was not addressed at the past session of Town Meeting, and is expected to be first on the agendhon Wednesday, May 24 Jean Gaudet will not raise issues but will be prepared to address possible challanges It is expected that argument will come on the desirability of having Potter Pond mixed income and making the developer stick to his origional contract Response will argue that the money releasedwill enable the Muzzey units to have lower rentals and that without down payment, the Potter Pond units would have had to rent well above "affordable" levels Otis Brown telephoned Bea with a possible insurance program for LexHAB. Bea distributed a memo outlining his suggestions and price Meeting with Kirk Noyes Bill Kennedy and Dave Eagle reported on their meeting with the developer on May 9 They went throught the plans Noyes is using G.E and Carrier equipment, which are good. The energy option ($3,000) includes air conditioning hooked up, and triple glazing with new widows set inside old windows; the condensers will be on the roof and hidden in the shrubbery The heat pump option includes the control valve ($800) the unit and duct work will already be in all apartments. Some units will have supplementary electric baseboard heat, since they can't get ducts to all spots, but this will not have a major bearing on heating costs as all the heat is electric Kennedy and Eagle recommend taking both options The ceilings are twelve feet high, except in the kitchen and baths There was some discussion about whether the tin ceilings would be saved. They addressed availability to the job site Tocci will be the general job supervisor He is expected to object if LexHAB goes to the site during working hours, but will be told by Noyes that it is all right for LexHAB to check in the early morning and late afternoon. Noyes will give LexHAB a dollar figure per yard on carpet, and the decision to buy carpet can be made later Unit Selection After much discussion, it was tenatively decided to keep all units with children on the first floor units will be scattered throughout the building as much as possible price of the unit will be a major consideration, but will be balanced by concerns as to location, layout, access, and light. The following units were selected for further discussion Type Unit # Size Base Price Options* Total Price 3 bed 104 1,400 $80,500 $6,000 $86,500 2 bed 106 1,130 76,500 5,600 82,100 2 bed 109 1,075 74,750 6,500 81,250 2 bed 116 1,030 77,500 5,800 83,300 1 bed 221 700 45,000 5,600 50,600 1 bed 224 580 35,000 5,750 40,750 1 bed 226 665 40,500 5,500 46,000 1 bed 347 625 36,500 5,600 42,100 1 bed 349 655 39,000 4,600 43,600 1 bed 358 575 39,000 5,850 44,850 Total Price $601,050 * Energy - varies with unit Heat Pump - $800 Kitchen - $1,800 Rental List There was discussion about the possibility of tenants being selected on a first come basis within a previously established rent structure. The question was raised about giving preference to Town employees and teachers, and to Lexington residents It was felt that such preference would be allowed since no federal or state dollars were being used. Financing Bill Hays pointed out that even if Article 10 is approved, the money realized from Potter Pond would probably not come through in time to purchase He suggested continuing the mortgage campaign, and presented a draft letter to Bank of Boston/ Middlesex, which was approved to be sent. Hays said he had talked with the Boston Five, which is willing to lend up to 75% of value for three years at 14-14 1/2% but had suggested going to local banks for a better deal. Dave Eagle said that Lexington Savings was interested in the whole thing Hays suggested asking four local banks to share the load, and reduce the percentages by a point or so as a gesture of civic participation It is unlikely that the banks would object to early payment if they weE lending below market rates. Officers Dave Eagle was elected Treasurer of LexHAB; Don Wilson nominated; Bill Kennedy seconded; voted unanimously u Planning Board Bill Kennedy reported that Ellie Klauminzer had asked him if a LexHAB representative would like to come to the Planning Board's Housing Advisory Committee meetings Bill Hays is already a member of that committee's advisory board and attends meetings when he can Hays said they are focusing on broader issues of housing patterns and their concerns are not very close to those of LexHAB's at this time_ There was discussion about the Town's contrary behavior of voting for fair housing and diversity, but making it difficult for developers to construct lower cost developments through zoning restrictions Next Meetings Meetings were scheduled for Wednesday, June 6 at 8 00 pm, room 111 (Lexpress Office) Wednesday, June 20 at 8 00 pm, room G-15 (downstairs) Respectfully Submitted, Beatrice Phaar