2013-03-ATM-STM-min - Laserfiche WebLink

Browse Search

April 22, 2013 Adjourned Session of the 2013 Annual Town Meeting, cont.... 7:37 p.m. presented by Selectman Joseph Pato. ARTICLE 19: RESCIND PRIOR BORROWING AUTHORIZATION MOTION: That the unused borrowing authority as set forth below be and is hereby rescinded: Article# Town Meeting Project Description Project Manager Amount to be Rescinded 19c 2009 ATM Lexington High School Heating System Upgrade Pat Goddard $33,000 8L 2010 ATM Remodeling,reconstructing and making Pat Goddard $60,580 extraordinary repairs to the Town Office Building 13(b)(ii) 2011 ATM Estabrook School Related Street Access Bill Hadley $120,100 Improvements 13k 2011 ATM Repair of Fire Station Floor Pat Goddard $232,397 16j 2012 ATM Grounds Vehicle Replacement Pat Goddard $9,490 Mr. Pato reported support of the Selectmen. Charles Lamb reported unanimous support of Capital Expenditures Committee; Glenn Parker reported unanimous support of Appropriation Committee. 7:39 p.m. Adopted Unanimously. 7:40 p.m. Presented by Selectman Deborah Manger. ARTICLE 20: ESTABLISH AND APPROPRIATE TO AND FROM SPECIFIED STABILIZATION FUNDS MOTION: (a) That $1,600,000 be appropriated from the Capital Projects/Debt Service/Building Renewal Fund to offset debt service for projects excluded from the limits of Proposition 2 1/2 ; and (b) That $2,184,000 be appropriated to the Capital Projects/Debt Service/Building Renewal Fund, and to meet this appropriation $950,000 be appropriated from the general unreserved fund balance, and $1,234,000 be raised in the tax levy. (c) That $67,760 be appropriated to the Transportation Demand Management/Public Transportation Stabilization Fund, and to meet this appropriation $67,760 be transferred from the TDM special revenue account. Ms. Manger reported unanimous support of the Selectmen; Charles Lamb reported unanimous support of Capital Expenditures Committee for part (b); Glenn Parker reported unanimous support of Appropriation Committee. 7:42 p.m. Patrick Mehr,pr.3, moved the following Amendment: AMENDMENT: In Part (b) of the main motion under Article 20 dated 4/1/13, $2,184,000 be replaced with$2,934,000 and $950,000 be replaced with $1,700,000. 7:47 p.m. Selectman Deborah Manger reported unanimous opposition of the Selectmen. Charles Lamb reported opposition [4-0] of Capital Expenditures Committee; Glenn Parker reported opposition [8-0] of Appropriation Committee. Members spoke in support and opposition. Town Manager Carl Valente responded to question on tax revenue growth. Selectman Deborah Manger and Appropriation Committee member Alan Levine, further explained projecting tax revenue. Selectman Norman Cohen explained the bonding process in response to questions of the members. 8:16 p.m. Mehr Amendment Not Adopted. 8:17 p.m. Article 20,parts a, b, c, Adopted Unanimously. 8:18 p.m. Presented by Selectman Norman Cohen. ARTICLE 22: APPROPRIATE FROM DEBT SERVICE STABILIZATION FUND MOTION: That $124,057 be appropriated from the Debt Service Stabilization Fund to offset the FY2014 debt service of the bond dated February 1, 2003 issued for funding additions and renovations to the Lexington High School, Clarke Middle School and Diamond Middle School as refunded with bonds dated December 8, 2011. Mr. Cohen reported unanimous support of the Selectmen. Charles Lamb reported unanimous support of Capital Expenditures Committee; Glenn Parker reported unanimous support of Appropriation Committee. 8:19 p.m. Norman Cohen responded to questions on the fund and reviewed availability of funds and use. Town Manager Carl Valente explained strict regulation of investments. 8:24 p.m. Declared Adopted by more than the two-thirds vote.