|
Lexington Home Page
|
Help
|
About
|
Browse
Search
2012-10-23-AC-min
Breadcrumb Navigation:
TownOfLexington-Public
>
WEB PUBLISHED-PUBLIC DOCUMENTS
>
MINUTES-REPORTS-COMMITTEES ARCHIVE
>
Appropriation Committee-AC
>
Minutes
>
2010-2019
>
2012
>
2012-10-23-AC-min
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/2/2022 3:28:40 PM
Creation date
2/5/2013 4:28:22 PM
Metadata
Fields
Template:
Archives
Year
2012
Department
Town Clerk
Keywords or Subject
Minutes - AC - Appropriation Committee
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
October 23, 2012 <br />Minutes <br />Town of Lexington Appropriation Committee <br />October 23, 2012 <br />Place and time: Stone Room, Cary Hall, 7:30 p.m. <br />Members present. Glenn Parker, Chair; Joe Pato, Vice Chair; John Bartenstein, Vice Chair and <br />Secretary; Alan Levine; Richard Neumeier; Robert Cohen; Mollie Garberg; Rob Addelson (non- <br />voting, ex officio) <br />Members Absent: Eric Michelson; Jonina Schonfeld <br />Other Attendees: Carl Valente, Town Manager; Pat Goddard, Director of Public Facilities; <br />Margaret Coppe, School Committee Chair; Mary Ann Stewart, School Committee; Andy <br />Friedlich, TMMA; David Kanter, Capital Expenditures Committee <br />The meeting was called to order at 7:34 p.m. <br />1. Liaison Reports: Robert Cohen reported that Carl Valente's negotiating team for the <br />Vistaprint tax increment financing (TIF) proposal met with Hobbs Brook, owner of the <br />properties called Ledgemont 2 and 3. Vistaprint is currently leasing the Ledgemont 2 building <br />and is interested in leasing the proposed Ledgemont 3 facility. The discussion at the meeting <br />with Hobbs Brook focused on the role Hobbs Brook might play in helping to keep Vistaprint in <br />Lexington. Hobbs Brook stated that they plan to build the Ledgemont 3 building whether or not <br />Vistaprint decides to lease it, and that all other facilities in their portfolio are fully occupied and <br />thus unavailable to Vistaprint. It was noted that Vistaprint is expanding rapidly and needs an <br />additional facility as soon as possible. It was also noted that Vistaprint is the kind of business <br />that fits well in Lexington. <br />2. Special Town Meeting Article 6, Estabrook School: Margaret Coppe provided a broad <br />overview of the financial aspects of the project to replace Estabrook School, and she and Pat <br />Goddard explained why the construction estimates for the project now exceed the $31.0 million <br />previously approved. It was noted that it is too early to use any of the contingency funding to <br />make up the difference. <br />Margaret Coppe reviewed the process and considerable efforts taken by the School Committee <br />and Permanent Building Committee (PBC) to reduce the gap and added that the scope of the <br />project has not changed. The School Committee plans to ask Special Town Meeting to <br />supplement the original appropriation by an amount somewhere between $2.0 -2.8 million. This <br />amount is needed to avoid project cuts that the School Committee found untenable and should be <br />sufficient to prevent the project from going over budget. <br />The PBC will be meeting on November 8, 2012 to make a recommendation for the exact amount <br />of the request, and the School Committee will be meeting on November 13, 2012 to vote on that <br />recommendation. <br />
The URL can be used to link to this page
Your browser does not support the video tag.