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Select Board signs release of age restriction on Linden Chambers, approves tax-exemption agreement and grant terms for redevelopment
Summary
The Select Board voted Feb. 25 to sign documents implementing Town Meeting’s May 2024 decision to release Linden Chambers’ age-restriction, to formalize tax-exemption terms tied to ongoing affordable-housing use, and to set reimbursement-based grant conditions for town funding.
The Select Board voted on Feb. 25 to sign three legal instruments needed for the Linden Chambers redevelopment, carrying out Town Meeting’s May 2024 decision to release a deed restriction that had limited the property to housing for the elderly.
Town Counsel K. Fitzpatrick explained the documents to the board: a recorded release of the age-restriction recites Town Meeting’s Article 41 vote to remove the limitation; a separate written agreement establishes that the property and specified affiliated entities (including the Needham Housing Authority’s development corporation and prospective ground lessees) will not be subject to local property or personal taxes so long as the site is used…
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