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2014-02-26Minutes Minutes Town of Lexington Appropriation Committee February 26, 2014 : Reed Room, Town Office Building, 7:30 p.m. : Glenn Parker, Chair; John Bartenstein, Vice Chair and Secretary; Robert Cohen; Mollie Garberg;Alan Levine; Richard Neumeier; Eric Michelson; Rob Addelson (non- voting, ex officio) Members Absent:Susan McLeish;Jonina Schonfeld The meeting was called to order at 7:41p.m. Announcements: 1.The following items in the Town of Lexington Warrant for the 2014 Annual Town Meeting(ATM) will be indefinitely postponed: Article 8a: Community Center Renovations Design and Engineering and Sidewalk Construction Article 14k: Fire Station Headquarters Design Article 18: Appropriate to Stabilization Fund Article 25: Establish Qualifications for Tax Deferrals Mr. Addelson reported the following: Article 16,Rescind Prior Borrowing Authorizations,is a standard rescission request fordebtthat has been authorized but is no longer needed. Article 22,Appropriate for Authorized Capital Improvements,will be used to appropriate a premium received when the Town recently sold debt. The premium will be appliedtoreduce the required level of debtfor the Bowman, Bridge and Estabrook school construction projects. The process requires rescinding and appropriating equal amounts for each project. The motion under Article 21, Amend FY2014 Operating and Enterprise Budgets, will request $495,000 for the High School modular buildings; this will supplement the $7.7 million approved at the 2013 fall Special Town Meeting (STM). The funds will be drawn from the General Fund. The FY2015 Budget & Financing Plan, (“Brown Book”) will be available electronically on Friday. The "Brown Book" will show a decrease in retained earnings. The Fiscal Year 2014 expenses for snow and ice removal currently exceed the budget by $1.2 million. Ms. Garberg announced that Dr. Paul Ash, Superintendent of the Lexington Public Schools, will retire in June 2015. She suggested having this Committee thank Dr. Ash at the 2014 Annual Town Meeting. There was discussion about whether it would be better to do this in 2015. Ms. Garberg offered to draft astatement for this Committee to consider at its next meeting. 1