In a recent meeting in Danvers, officials discussed the completion of a covenant related to a significant construction project that has been pending due to outstanding conditions. The covenant, which includes 23 conditions, was identified during due diligence and must be resolved to secure title and financing for the project.
The conditions are divided into two categories: construction conditions, which were applicable at the time of the original construction in the 1970s, and continuing conditions that remain relevant even after the roadway is built. The project team reported that several construction conditions have been completed and requested the planning board to direct the town's engineering department to review these completions and report back at a future meeting.
Among the ongoing conditions is a stipulation that limits access to the development site, requiring that any new development exceeding 554 units must undergo review and approval by the Danvers Planning Board. This is particularly relevant as the existing developments in the area total 554 units, triggering the need for board oversight.
The meeting also highlighted the importance of traffic safety considerations as outlined in the covenant. A detailed traffic impact assessment study has been submitted, focusing on the implications for Trask Lane and surrounding areas. Planning staff suggested that peer reviews be conducted on nearby interchanges to address potential traffic concerns stemming from the project.
The project representatives emphasized that while the planning board's authority is limited to traffic safety considerations, the project will undergo extensive review through the Massachusetts Environmental Policy Act (MEPA) process, where the town has already submitted comments. The meeting concluded with a request for a presentation on the traffic study findings, indicating the project's potential impact on local infrastructure and community dynamics.