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HomeMy WebLinkAbout2025-05-22-EDAC-minMay 22"d 2025 EDAC Meeting Minutes Attendees: Rick DeAngelis, Steve Kaufman, Adrienne Ortyl, Jingshi Hu, Dave Pronchick, Charlie Minasian, Justin Fleming Select Board: Jill Hai, Joe Pato Sandhya Iyer, lay Abdella EDAC Membership Updates and Changes The EDAC meeting began with Rick confirming a quorum and introducing new members, including JS (Jingshi Hu) and Steve Kaufman, while noting the resignations of Bridger McGaw and Lisa Murray. There is one open spot on the 8 -member panel. Via Lago Closure and Community Impact Rick discussed the closure of Via Lago, a long-standing restaurant in Lexington, due to rising costs and a lack of concessions from the landlord. He highlighted the impact on the community and suggested convening a meeting to engage stakeholders and explore economic development opportunities. Sandhya provided an update on the center's current state, mentioning new cafes and restaurants opening, as well as ongoing projects like wayfinding signage and landscaping. She expressed optimism about the future of the center and the town's efforts to revitalize it. Lexington Economic Development Committee Meeting The meeting began with Sandhya presenting current lab vacancy rates in Lexington, Cambridge, and Boston, noting that Lexington's rate is 11.5%, while Cambridge's is 18.6%. The group discussed economic development challenges, with Sandhya highlighting the need to address high vacancy rates and potential developer interest. New committee members were introduced, including Jingshi, Justin, Steve, Adrienne, and Charlie, each sharing their professional backgrounds and experience relevant to the committee's work on economic development and real estate in Lexington. Economic Development Advisory Committee Update The Economic Development Advisory Committee (EDAC) meeting focused on the committee's role and mission in supporting the town's economic development goals. Rick DeAngelis, a long- time resident and committee member, emphasized the importance of collaboration, cooperation, and commitment in achieving these goals. Jill Hai, the incoming chair of the Select Board, encouraged the committee to review and update its charge to better align with current town governance and needs. Joe Pato, a Select Board member, highlighted the committee's role in advising on large-scale development opportunities and the need for collaboration with other town committees. The meeting also touched on the current economic challenges facing the town and the potential for future opportunities in economic development. Lexington Town Center Development Updates The Economic Development Advisory Committee (EDAC) meeting focused on updates and discussions about Lexington's town center and commercial development. Sandhya presented an update on small businesses in Lexington, highlighting the town's efforts to revitalize the center and maintain its 6% commercial land use. Rick emphasized Lexington's advantageous geographic location, noting its proximity to major highways and its potential for future development. The committee discussed the "Journey Forward" report and considered ways to enhance the town center, including potential development projects and collaboration with other committees. Economic Development Charge Review Meeting The Economic Development Advisory Committee discussed updating its charge and goals, with Rick proposing a deep dive into the charge to align with the Select Board and economic development director. Jill suggested collaboration with the Lexington Vision Committee for a 5 - year community survey, while Steve raised questions about Lexington's economic development strategy compared to neighboring towns. The committee agreed to move their next meeting to June 26th at 8 AM due to Juneteenth.