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Novembe- ec- -r�te, ';hor es Cole '. . „tt -�:thaw-r:un: YI
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At..l"8 meet in 'l Ci:i,t:3,911.
t•; '.n" :..av o'_ ,i.; and .0j0' 15 aith,, .i art.ala d
gr Ma:-:% eloo,:e 1o':F_ to the ,gyms ?Thor hi renewsc. ?I"•'D.Ii'.Ple" ,boy
proposal
gr',rtaalljl n respen4e to a Citai .en ,a by a 1110- ,e at an car1ic-
Comnicaioln ina.e4,:fag no oemonr nat. a need or to, and anode,ate•
income housing i7. the Town, Ms haton .uvtted t.cr obe-'L i Toward
of ;csco taeai Est-te to .tend and :o dens,: ,tie the cu' rent real
estate mail:nt in Loy ngLom, -(r'.?j po: nt s i:t ' {o:nrd°s present-
,
ation iete 'ti' 3 there ace 20 comes fr)r sale a: one qua-Lo- e,
one pe'Scent of :he homes in the Town; (2) of 'those.. the e ere
two in the range of $30,000 :o $40,000; s: at S4l0,60UO to ;;50 000;
and foul each at $50,m0 aro $60 000. 0O,U00 to $ 0 GOO and over
$70.000; (3) there ere no apm'talents fret t.`,nt via 'e.^ estate
(c') :here are no :este homes, end an'; atlLt upped, a:'e
taken h shin ttouwo 'it high *en; (5) moi>rpage Mans :usE 8 :7e-
cent to 9 perc:entb and a buve- riiuy need to canv.a nine of c.elh
lending 4nnstitutiens (6) up i:e 95 percent of the v l.(e o. a home
may be borrowed eel fol te':1'IIs to 25 years and zbe:'e are very fit.
defaults (7) :I= lots rostsy less than oI^7---half acre are for
sake in 1se%ingten at pr .ced from W,500 to $39,000; .0) for
tw&ve l:owms in the muI'r..pl.e lisi)og •atun the average sale
price of homes 5`+s $45,.10.0 in 3972, E''_er^eas it 3 $4C 000 fo
the ti.-s't ten months Of 973; '9) he d.13.ects youn{' peo=pae
1 retieed people, oa rrscrs of l i„ M'ed income to tW i tngton,
„i1Le-'ice.and Woburn Is added that iller ,c now has a popula-
tion ion g:eate- than 4.0.000 (-t)) he bei, .eves :hat neopie rant to
live an Lexington because of he schools, can -eaaiion. conserve,
tion, convenience to Route 128 and the rg."eeab .,e ^eput,,ion or
the Town and (1 ) he bel eves there is a need fo: conctoriuithus
apert!tmentst and other rentals,.
Ito r-a'tou described the situation of several persons who wish to
live in Lexington and who C'.nd - difficult f.nancially, including
a ratined business man; a young family who have gone co Woburn
his son, Robert.; and himself. He cited an at isle in !orzune,
Zovember 1973, that is iiL:rp?'li agave,
As to the 3ubcommitteeo Nt° Eaton said they propose to issue a
questionnaire on housing needs, and have solicited the cooper.ation
eg &tperitntet dent o$: Gchoois 'I<'obert and 'Tot:! 'f.ranage:x 0 Connell
With respect to Tann employees Mr O'Connell wants to assure
that there is no connection made between the questionnaire and the
Town's four' tile 'residency requirement for 2i:eMea0) The Sub•
committee vrAe meet again in wacunry 39749 hey nropose a public
meeting in the first: quarter of 7976 at. which Tom At!C.uis meaibe-:s
of WA, and reattora :>i.l:l attend, They etre also leaking into
the idea of t! day seminar en hoals'tu i to cinch Town 'Swing nemhncs
end others will he in's tecl,
It, .'ells'mam oTmc' ved 21, L. tin t't¢'.cess .ty to accoamoJAate more
aenpie.,, toseL:e: with '...he desi-e to prase -cin open aPtCC$ tafnl28
that housing density tmtst increase Ga f)f 'e sa*c..t :e ha no
sywi'a,2hit foc the ;'....gop'.e 'atm e. ± naive.--841
prob.iem to mane ertd> Ileut s `+71;tj)c-.t_,.C,L7C; C grog" m is La'
housizi& those in the 3.'C:1,... %wad, such as 'the LJoc s c72CE t,de 'ja
He noted that. Mr Horard s ,u e, do not Incl tde pr t;L?te ales
or builder's safes,
�` said ta" z S s 9 c ,n" i attend (���;.r.)�...
EiF "..1Su0 Gti..,. '4:3_ L Ls gay v8A1.V_s.'lt.. x., 111t�0 ,4�' 'i0 �!�. aFt::.it n_j.
Co1P.0 Lion isct.sgs for the Jcesem. and be •shed that ".".." •»..._, ,_
ego Cla7:te 41't9'±te ,m *. te.::tt,cte student. 7+2 ,, L' .c. ..Ce ' reed to
do so