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2013-03-18-CPC -STM -rpt
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2013-03-18-CPC -STM -rpt
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5/10/2019 11:19:45 AM
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7/15/2013 9:15:52 AM
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Minutes - CPC - Community Preservation Committee
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Project Goals and Objectives <br />• To preserve an important historical property, as listed on the Historical Commission's <br />Comprehensive Cultural Resources Inventory; and <br />• To provide a site and facility for a community center that will serve the needs of all <br />age groups within the community. <br />Project Benefit: <br />This project will benefit the residents of Lexington by providing an opportunity for a long - <br />sought after community center facility, to replace in part, the dated and undersized Senior <br />Center. It will also protect an important historic resource in the Town. <br />Funding Request: <br />The funding request for the acquisition of the 33 Marrett Road parcel is $7,390,000 for the <br />acquisition of the property, and $362,500 in ancillary costs, for a total of $7,752,500 in CPA <br />funding. If this request is approved by Special Town Meeting, it is anticipated that the cost of <br />the acquisition will be bonded at terms to be determined by the Board of Selectmen with <br />input from the CPC and other Town financial committees. If the Scottish Rite property is <br />acquired, it is anticipated that there will be requests for CPA funding in FY 15 and thereafter <br />for renovation costs. <br />5 <br />
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