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CPDC Minutes of 3/9/2009 <br />Design Guidelines established by the town, give the town some control over the design of structures <br />built in the district. Also, the CPDC would still review all construction proposed for the district. An <br />additional benefit of establishing a 40R district is the money it would bring from the State in the form <br />of financial incentives. <br />A member of the audience asked if the incentive funding was guaranteed by the State. Ms. Eleanor <br />White answered the 40R is not funded through a typical appropriation but instead was established as <br />a trust fund. The monies for the trust fund come from the sale of State-owned lands. Ms. White added <br />there is enough money in the trust fund to make incentive payment to all 40R applications approved <br />to date. <br />Next, GK presented a brief slideshow of how various properties might develop within the proposed <br />40R district. The Town Planner noted there are two projects ready to start if the zoning passes: the <br />redevelopment of both the Atlantic Supermarket site and the M.F. Charles Building. GK said there is <br />still much to be determined regarding design standards and he solicited feedback from the public. He <br />outlined the issues of developing the downtown: <br />• No one is using the Mixed-Use zoning <br />Many parcels in the downtown are non-conforming (residential) <br />• Some parcels are beyond the control of the town (e.g. Post Office) <br />• Land is not being optimally utilized. <br />• Need to maintain Reading's character and identity. <br />He noted the concerns of using the existing Mixed-Use and proposed 40R zoning: <br />• Building height <br />• Increased traffic and parking <br />• Maintaining historic buildings <br />Next, the Town Planner introduced Ms. Eleanor White and Mr. Chuck Eisenberg of Housing <br />Partners, Inc. the consulting firm hired by the town to help develop the bylaw language for the <br />downtown 40R. Mr. Eisenberg noted the key difference between the recently established Gateway <br />40R district (Addison-Wesley site) and the proposed Downtown 40R is that the former was driven by <br />a developer and the latter is being driven by the town. He then described the process and timeline for <br />approval of the Downtown 40R: <br />• Language of 40R Bylaw is drafted <br />• Public Hearing is scheduled to review draft language <br />• Submit draft and application to Department of Housing and Community Development <br />(DHCD). The DHCD reviews the bylaw language to see if it conforms to the law. <br />• If the DHCD does not approve the bylaw's language, it comes back to the town for changes. <br />• If the DHCD approves the bylaw's language, then Town Meeting votes on it. <br />• If Town Meeting approves the bylaw, it goes back to the DHCD for final approval. <br />Next, Mr. Jason Schrieber of Nelson\Nygaard, the consulting firm hired by the town to review traffic <br />and parking, discussed parking issues. Mr. Scheieber said many parking spaces are underutilized and <br />overall the town does not have a parking problem. At peak, only 60% of parking spaces are being <br />used. Most of the time most people find parking easily. He said there is an issue with employee and <br />noted some employees are using two-hour zones to park for eight hours. <br />Page 2 of 5 <br />