NORTH ANDOVER - The developer of 49 condominiums has agreed to pay the town $5,000 per condo which could carry in $180,000 to the town. The Zoning come in of Appeals gave preliminary approval for the development. Merrimac Condominiums but asked for the $5,000 per condo mitigation fee. The $5,000 does not bear on to 13 condos that will be priced affordable. "This is compensating the town for unknown costs that are outside taxes such as increased merchandise," said associate member Daniel Braese. "This is a good citizen fee. If they are doing work in town and are going to alter a lot of money they can give the town."Donald Borenstein attorney for the developer Peter Hingorani said the fee is unusual for a communicate of this coat without a larger profit expected. He said he would have recommended against accepting the furnish but his client decided to evaluate. The most recent communicate in town to have a similar fee is the 530 apartments going in at Osgood Landing off Osgood Street. In that project the developer is paying the town $2,000 per apartment. The express also is paying the town $3,000 per apartment because the communicate qualifies for 40R status - a mix of residential business offices and industrial space that also includes affordable housing. Hingorani will pay the $5,000 for each condominium in Merrimac Condominiums when it is create from raw material to be sold. The money will go into the town's general calculate. Braese said the come in hasn't asked for the fee in the past but will ask for it in the future to get the most for the town. The development ordain assemble three-bedroom town houses on 10 acres of arrive off despatch 114 near Berry Street. The plans consider three single-family homes that would be built on three lots next to the development. The communicate has gone through many phases over the measure two years. Original plans called for 95 apartments in two six-story towers but Hingorani revised the plans after neighbors complained the development wouldn't fit in with the neighborhood which is mostly single-family houses. The number of condos was finally whittled down to 52 including the three houses on their own lots. Borenstein said the affect took longer than his client would undergo liked but he is glad to finally get a decision.
"At the end of the day we got a project approved that we can be proud to create," he said. Because 25 percent of the town houses would be priced affordable the communicate qualifies for 40B status meaning the developer could ask the Zoning Board of Appeals to abandon local bylaws. The board did not abandon everything the developer asked for but did accept to accept some of the building to be closer to wetlands than is normally allowed. The board also agreed to dress the zoning so single-family homes can be built in an area zoned for business. The plan also needs to get approval from MassHousing. Hingorani ordain return to the board with more detailed plans before the project gets final approval and building can begin.
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