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2014-03-05 Minutes Minutes Town of Lexington Appropriation Committee March 5, 2014 : Robbins Room, Cary Memorial Building, 7:30 p.m. : Glenn Parker, Chair; John Bartenstein, Vice Chair and Secretary; Robert Cohen; Mollie Garberg;Alan Levine; Susan McLeish;Eric Michelson; Richard Neumeier; Jonina Schonfeld; Rob Addelson (non-voting, ex officio) Members Absent:none Others Present:Jill Hai, Capital Expenditures Committee; David Kanter, Capital Expenditures Committee The meeting was calledto order by the Chair at 7:35p.m. 1. Report on the Community Center (Special Town Meeting, Article 5): Glenn Parker reported on the planning by the Ad hoc Community Center Advisory Committee (AhCCAC) for the renovation of the Marrett Rd. building and the funds to be requested for that purpose at the upcoming Special Town Meeting. The appropriation at the November, 2013, Special Town Meeting was for the amount of $3,169,000. The revised amount will be $6,320,000, and itwill cover the items included last November as well as structural changes to enlarge and reshape the main meeting room, appropriate modifications of the HVAC systems that do not presently have adequate capacity, and other items that will be listed in the report being drafted by Glenn. As before, the vast majority of the project, approximately $6 million,will be funded under the Community Preservation Act (CPA). Jill Hai reported that both a design of and a cost estimate for the sidewalk have been prepared. Glenn plans to have this Committee vote on this article on March 12. In regard to financing of the project, Rob Addelson and others stated that the current plan is to seek authorization of debt with a 10-year term. A portion of the project cost could still be paid for with cash so asto reduce the size of the note. David Kanter noted that it may be advisable to do short-term borrowing (bond authorization note) for oneyear before issuing long-term debt. The Dept. of Public Facilities will manage the project. 2. Cary Memorial Building Renovations (Special Town Meeting): The source of the funds to be appropriated will be Community Preservation Fund debt with a 10-year term, except for $235,230 from the tax levy (General Fund) for furnishings, etc., and $200,820 from the PEG AccessRevolving Fund for other items that are not eligible for CPA funding. 1