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The Trust discussed a proposed Town Meeting article that would authorize, but not require, the Select Board to sell, lease, or otherwise convey the Lincoln School Apartments property while keeping it as affordable housing. Members said the approximately $1.3 million capital reserve could be fully depleted by urgent building-envelope repairs, and a possible expansion could add about 30 affordable units and a second elevator.
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The meeting focused on how to fund major repairs and possibly expand the Lincoln School Apartments. The proposed article would allow the Select Board to seek private ownership or a long-term lease, but no transfer was approved at this meeting. Residents raised concerns about affordability protections, senior housing, development scale, traffic, parking, transparency, and the pace of the process. The meeting ended with a 5-0 vote to adjourn.
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