2014-03-12-AC-min - Laserfiche WebLink

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2014-03-12 Minutes Article 12: Appropriate for Wastewater System Improvements: It was noted that the funding request in the Warrant for this Article is incorrect;the Motion at Town Meeting will be for $1.8 million. It was moved and seconded to support Article 12. VOTE: 8-0 Article 13: Appropriate for School Capital Projects and Equipment: It was moved and seconded to support Article 13. VOTE: 8-0 Article 14: Appropriate for Public Facilities Capital Projects: It was noted that Part k) Fire Station Headquarters Design will be indefinitely postponed. It was moved and seconded to support Article 14, Parts a) through j). VOTE: 8-0 Article 15: Appropriate toPost Employment Insurance Liability Fund: It was noted that $1 million of the funding for this Article will be made available, indirectly,by use of that amount from the Health Insurance Claims Trust Fundfor the Town’s GICpremiums. The other $119,000 in funding for the Article represents reimbursements for Medicare Part D expenditures. It was moved and seconded to support Article 15. VOTE: 7-0-1; Ms. Schonfeld abstained until she has time to review this Article further; she will update her vote next week. Article 16: Rescind Prior Borrowing Authorizations: It was noted that the premium on the debt issued for Bridge, Bowman and Estabrook schools (excluded debt) can be appropriated towards the cost of the projects if the rescission is approved (thereby reducing the borrowing necessary and the associatedinterest costs). It was moved and seconded to support Article 16. VOTE: 8-0 Article 17: Establish and Appropriate to and from Specified Stabilization Funds: It was noted that this Article will include voting funds into and out of various stabilization funds. It was moved and seconded to support Article 17. VOTE: 8-0 Article 18: Appropriate to Stabilization Fund: it was noted that this Article will be indefinitely postponed. Article 19: Appropriate from Debt Service Stabilization Fund: It was noted that this is a “bookkeeping” process being used for the schools. It was moved and seconded to support Article 19. VOTE: 8-0 Article 20: Appropriate for Prior Years’ Unpaid Bills: It was noted that the Town owes $30,940 for streetlight work performed in a prior fiscal year; the Town wasn’t billed at the time. It was moved and seconded to support Article 20. VOTE: 8-0 Article 21: Amend FY2014 Operating and Enterprise Budgets: Specifics for this Article are pending. Article 22: Appropriate for Authorized Capital Improvements: It was noted that this Article will request $495,000 to supplement the $7,700,000previously authorized for installing modular buildings at Lexington High School; this will be a two phase project. This Article will also cover the appropriations of bond premiums received from the issuance of bonds for the Bowman/Bridge and Estabrook School projects. It was moved and seconded to support Article 22.VOTE: 8-0 Article 23: Amendments to the District Agreement of the Minuteman Regional Vocational School District: This is not a financial article, but this Committee is taking a position on it because it may affect the Town’s assessments. 3