2013-03-STM-AC-rpt - Laserfiche WebLink

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APPROPRIATION COMMITTEE REPORT TO THE MARCH 2013 STM Some of the capital projects that the Committee expects to seek CPA funding in the near future include: Cary Hall renovations, Community Center construction costs, Town pool renovations, and Town track renovations. A financial model created by Town staff indicates that these projects and a mix of smaller projects would still be financially feasible if the larger ones are financed by borrowing for terms of 10 (or more) years. The financial model did not include a contemplated renovation of the Police Station (eligible under the Historic Preservation clause) using CPA funds. Operatin6 Expenses The Municipal Facilities Study presented to the Board of Selectmen estimated that annual costs for the maintenance of this property and operating costs for a community center would be between $472,000 and $557,000, depending on the eventual renovations and usage levels of the facilities. In the future, these expenses could be partially or fully offset by usage fees for the facility. If this request is approved, the FY2014 budget request under Article 4 of the 2013 Annual Town Meeting will include a request for approximately $364,000 to cover annual costs, including new custodial staff for the new community center, and miscellaneous landscaping expenses. Costs for additional staff and pro- grammatic needs have yet to be determined. Conclusion Although it would entail a significant financial commitment, this acquisition would address a long- standing community need. Based on Town staff's analysis, the Committee believes the CPA fund can carry a significant portion of the acquisition costs of the Scottish Rite property, while retaining sufficient capacity to support other anticipated projects in the coming years. The Committee recommends approval of this request (9 -0). 4