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10/17/13 Minutes Department budget sothat the funds can be used for contractors rather than additional staff. There was a motion to recommend approval of appropriationsand transfers in the municipal budget to address the portionsof Article 2 mentioned above. The motion passed. VOTE: 7-0 Article 2, Massachusetts Water Resources Authority(MWRA): Mr. Bartenstein explained that the proposed revision of the Water and Sewer Enterprise Fundbudgetsis a bookkeeping matter to adjust for the finalized MWRArates that were set in June. These are usuallyless than the estimated rates used in the budgetthat isfinalized eachspring.There was a motion to recommend approval of the section of Article 2 regarding the Water and Sewer Enterprise Fundbudgetadjustments discussed above. The motion passed. VOTE: 7-0 Article 2, additional componentregarding Community Preservation Act (CPA) Funds: Mr. Addelson reported that the state is likely todistribute CPA funds at a rate greater than anticipated. If this is accomplished before the special town meeting,staff will recommend that, under Article 2,Town Meetingapprove adjustments tothe Community Preservation Fund budget in accord with the State distribution. Mr. Michelson agreed to write this up for the Appropriation Committee report, and he will inform Mr. Parker. Article 3, Stabilization Funds:Mr. Addelson explained that this article will request an appropriation ofmoney into three of the Town’sstabilization funds: the Debt Service Reserve Stabilization Fund (about $1.8 million, probably from FY 2014 supplemental revenue), the Transportation Demand Management Stabilization Fund (roughly $50,000 contributedby developers), and the Traffic Mitigation Stabilization Fund ($40,000 to $50,000contributed bydevelopers). Mr. Addelson reviewed the history of the recently created Debt Service Reserve Stabilization Fund and how it has helped mitigate exempt debt service. He explained that in the futureit is anticipated that it will help mitigate both exempt and non-exempt debt service,as well as provide funds for baseline capital improvement expenditures. The Selectmen will vote on a financing plan on October 21. There was a motion torecommend approval of Article 3 as discussed above. The motion passed. VOTE: 7-0 Article 4, High School Modular Buildings:Mr. Levine has prepared his draft for this article and is still waiting for the90% construction-document cost estimate and theamount of borrowing (non-exempt debt) that will berequested in the motion. Mr. Addelson said the rangeis $6.7 to $7.7million.There was a motion to recommend approval of Article 4, assuming theappropriationrequest is between $6.7 and $7.7 million. The motion passed. VOTE: 7-0 Article 5, Community Center:Mr. Parkerhas circulateda first draft,but it was noted that theinitialrecommended funding request ofapproximately $1.0 millionmay change.Ms. Arnold, whowas at anAd hoc Community Center Advisory Committee(AhCCAC)meeting held earlier in the day,explained that Mr. Goddard,Director of Public Facilities, had discussedplans there to expand the scope ofwork in the Phase 1 project. Hewill present a proposal to the Selectmen on October 21for a revised Phase 1 plan that would cost about $3.0 million. Theoriginalestimate of about $8 million to upgrade the building (not including the cost toconstructa gym or other large-space facility, which would add another $3million) has not increased; however, in this scenario, more of that total wouldbe requested at the November 4th STM.Town Counsel will be determining how much is CPA- eligible. Mr. Addelson commented that free cash, which was recently certified,is a potential source for funding any portion deemed not CPA-eligible.This Committee agreed that they could not voteon this article until more information isavailable. 2