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be optimal, even if it meant certain aspects of the actual document preservation had to be postponed to years 6 and 7. 3.LexHAB Set-Aside Funds – Mr. Kennedy, Chair of LexHAB met with the Committee to request $500,000 in “up front” funds for the acquisition of affordable housing. He said the proposal was similar to last year’s proposal, with a slightly higher dollar amount. Mr. Kennedy updated the CPC on the acquisition of the Wilson Road home, which LexHAB is in the progress of purchasing. Members were interested in the amount left in the LexHAB account after the purchase, which Mr. Kennedy said would be $45,000. There was a discussion of how this money would be used. It was generally felt that such funds would either go toward renovation costs or toward the acquisition of a future home in FY14, as long as the purchase price was below the $525,000 cap established by the CPC. The CPC questioned whether any of the FY13 funds, (if appropriated at Town Meeting), would be used for the possible construction of units on the Leary or Busa properties. Mr. Kennedy replied that in all likelihood, the funds would not be used for either of the two housing developments. Ms. Fenollosa inquired about the accounting of the LexHAB funds, to which Ms. Rice replied that the funds are held by the Town and expended as needed when LexHAB submits bills to be paid (or wire transfers in the case of a closing). All remaining funds, (i.e. the $45,000) remain in the Town’s accounts and are either expended for renovations in the present fiscal year or are available for use the following fiscal year. Any unspent funds in the LexHAB account continue to gain interest until withdrawn. 4.Greeley Village – Construction of Four Accessible Housing Units – Mr. Steve Keane, Director of the Lexington Housing Authority (LHA), met with the CPC to request $555,336 in funding for the construction of four accessible units. He explained that under DHCD (Department of Housing and Community Development) guidelines, Greeley Village should have 5% of its units accessible. He said none of the units were presently accessible, but that there was a demand for such apartments. There are other handicapped accessible units available in other LHA housing, he noted. In response to a question from Ms. Manz, Mr. Keane said the Housing Authority had made a formal request to the State for supplemental funding. He did not expect the request to be fruitful however. There was a general discussion of the construction costs of the units. The LHA is applying for $555,336 for FY13 and plans to apply for a similar amount in FY14. Mr. Kanter asked if only two units would be constructed the first year, to which Mr. Keane explained that all the units would be bid at the same time, and that construction would start on all four. He said there was an 2