HomeMy WebLinkAbout2016-12-08-CPC-min.exe Minutes of the Community Preservation Committee
Executive Session
Thursday, December 8, 2016
Parker Meeting Room
Town Office Building
1625 Massachusetts Avenue
5:25 PM
Committee Members Present: Marilyn Fenollosa (Chair), Norman Cohen, Charles Hornig, David
Horton, Jeanne Krieger, Robert Pressman, Sandra Shaw.
Absent: Robert Peters, Richard Wolk
Administrative Assistant: Elizabeth Mancini
Other Attendees: Carl Valente, Town Manager; Rob Addelson, Assistant Town Manager for
Finance. Wendy Manz, Capital Expenditures Committee liaison to the CPC and Melinda Walker,
Lexington Housing Authority were invited to stay for the Executive Session.
At 5:25PM, upon a motion duly made and seconded, it was voted by roll call (7-0) to go into
Executive Session under Exemption 6 to consider the purchase, exchange, lease or value of real
property and to reconvene in Open Session for the purpose of adjourning; the Chair declaring
that an Open Meeting might have a detrimental effect on the negotiating position of the Town.
1) Judge's Way Affordable Housing Restriction- Mr. Valente discussed a proposal to
acquire five units and the deed restrictions on all 16 units at the Judge's Way affordable
housing complex. It recently came to the Town's attention that 11 of the 16 units may
lose their affordability restrictions therefore removing them from the Town's affordable
housing inventory. The Town questioned the legal authority to remove the affordable
housing restrictions based on a similar case in Wellesley. The goal of the Board of
Selectmen and the Town is to maintain the affordable housing restrictions on all units
and acquire five rental units to be subsequently conveyed to the Lexington Housing
Authority or LexHAB.
Mr. Valente advised that the current estimate for the project was $535,000 and was
representative of the loss of fair market value to unit owners and the cost of acquiring
five units. He also confirmed that the current proposal did not include renovation funds
for the five units that the Town intended to acquire. Mr. Addelson mentioned that
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based on the expected cost, the Town had the capacity to finance the project with
available cash.
Mr. Valente reported that the Town expected to advance the proposal to the co-op unit
attorneys for review and consideration and the proposal still needed to be reviewed by
Town Counsel. The CPC voted in a straw poll (7-0) to support the project.
At 5:55 PM, after a duly conducted roll call vote, the Executive Session was closed and
the Committee returned to Open Session for the purpose of adjournment.
Respectfully submitted,
Elizabeth Mancini
Administrative Assistant
Community Preservation Committee
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