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Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting March 13, 2013, Executive Session expression by the Legislature of an intent to repeat the provision in future budget or the $561,518 in last- year's appropriation to Muzzey Senior Center Upgrades which may well close back to the CPF if the Senior Center should become part of a new Community Center on the land to be purchased. Mr. Kanter asked that the Committee be provided with the model extended beyond FY2021 in order to see if and when a further projection of the bottom -line Net Balance Available would take a positive slope, reversing the negative slope shown through FY2012. The Committee noted that among those items explicitly included in the model, in addition to the land purchase, were funding both the Design & Engineering (D &E), and then the construction, for the Cary Memorial Building Upgrade; the D &E, and then the construction, of the full -scale build -out of a Community Center on the land to be purchased; and two multi - million - dollar recreation - facility projects that would now be eligible under the recently amended CPA. Although no formal position was taken by the Committee, there was general agreement that the model, while needing to be routinely updated, was a reasonable one at this point in time to show that the CPF could remain viable beyond the burden imposed by its share of the funding of the proposed land purchase. Return to Open Session: At 9:30 A.M., it was moved and seconded that the Committee return to Open Session. Each member was polled. Vote: 5 -0 These Minutes were approved by the CEC at its Open- Session meeting on April 10, 2013, but without making the content public as it was still sensitive at that time. In response to a query by Mr. Kanter on April 11, 2013, Carl Valente, Town Manager, advised on April 12, 2013, that the content of these Minutes could then be made public and the CEC did so by submitting these Minutes to the Town's public archives on that same date. Page 2 of 2