12/08/2022 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

Home Browse Search

4 Community Preservation Committee Minutes December 8, 2022 William Huldidi) Mash)e 130 Sholas Inc., 31 Ashumet/474 Main Affordable Housing c Aw_cuisition (continued) The property is identified as follows; 31 Ashumet Road: 58,297 square feet 2023 Assessed Value: $558,600 Vacant Commercial Development Land with well pit on lot Map 27—Parcel 2 1 B 474 Main Street: 40,441 square feet 2023 Assessed Value: 387,500 Vacant Commercial Development Land Map 27—Parcel 21A Mr. Huldig indicated the properties were purchased a number of years ago. During this time the properties were advertised for sale. The asking price was $800,000. Several businesses inquired. During the review process it was discovered the area was once a dumping site for stumps, wood and other debris. It is estimated that$75,000 to $100,000 is required to clear the land. The soil is course sandy loam. Evan Lehrer,the Town Planner indicated that historic aerial photographs show the lot was previously cleared and it has revegetated over the dumping fields. There is a septic plan on file and boring samples have been examined by previous commercial interest. It is the recommendation of the Town Planner to conduct soil testing to ensure there is no site contamination. In the Town Planner's opinion, if the property is able to be remediated,the site may be a reasonable opportunity to develop a small affordable housing project such as apartment buildings. A portion of the property abuts condominium units. Mr. Huldig indicated he is now retired and wishes to place his estate in order after a recent divorce settlement. To remain fair Mr. Huldig revised his CPA funding request from$500,000 to $250,000. Discussion followed with respect to the site location adjacent to the landscape supply company. The front portion of the property (27-21A)with frontage on Main Street lies within a C3 zone. The rear portion of the property (27-21B)lies within an R5 zone. All properties are situated in a Zone II water protection district. With a nitrogen reduction plan it is possible to construct 10 bedroom units at the site location. It is recommended the applicant seek letters of support from the Affordable Housing Committee, the Planning Board and others who may be stakeholders in this property. A Request for Interest (RFI) may be considered to further review the affordable housing development potential. It was agreed that additional information would be gathered for the next meeting.