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2014-03-18-CPC-min
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2014-03-18-CPC-min
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Minutes - CPC - Community Preservation Committee
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shorten it to seven. Mr. Addelson responded to a question about “callable” bonds, which he said <br />gives more flexibility, but is more expensive. Mr. Pato responded to Mr. Wolk’s and Mr. <br />Horton’s original inquiry stating that he would rely upon Mr. Addelson’s expertise regarding <br />funding alternatives to the proposed 10-year bonding. <br />Based upon the discussion with Mr. Addelson and Mr. Pato, the CPC reaffirmed its commitment <br />to the Cary Memorial Building Upgrades project. It voted unanimously (9-0) to recommend the <br />project to the March Special Town Meeting and to fund the project through the issuance of long <br />term debt. It agreed to reexamine the financing plan prior to a proposed 2014 Fall Special Town <br />Meeting upon the recommendations of Mr. Addelson regarding the use of available CPF cash <br />(and perhaps other sources of funding) to reduce the term of the bond. <br />b.) Visitor Center – Design Phase – <br />There was a brief discussion of the Visitor Center <br />Project in which Ms. Fenollosa questioned Mr. Pato about the Board of Selectmen’s position on <br />the project. Mr. Pato responded that the Board had not made any recommendation on the project <br />other than to recommend its funding. Mr. Kanter referred to the description in the Brown Book <br />(page XI -16, Budget and Financing Plan) for FY15, which states, “At this time, the Board of <br />Selectmen is still in discussion on whether this scope is warranted. If funding is approved, it will <br />not authorize design to begin before it receives and reviews program recommendations for the <br />facility”.Mr. Kanter said the CEC would be recommending approval of the project (5-0) and <br />would leave the finalization of the design to the Selectmen. The CPC re-voted this project, with a <br />(7-0-2) vote. <br />c.) Remaining Projects Voted – <br /> The CPC reaffirmed its votes on a number of projects, <br />since several reflected only seven member attendance. The Committee took new votes on the <br />following projects, all of which received unanimous (9-0) CPA recommendation to the <br />upcoming Special and Annual Town Meetings: Renovations to the Community Center, Sidewalk <br />Construction for the Community Center (which may be Indefinitely Postponed), Hastings Park <br />Gazebo Renovations, and the Battle Green Streetscape Improvements. <br />The final votes of the CPC under Articles 2 and 3 of Special Town Meeting and Article 8 of <br />Annual Town Meeting are as follows: <br />Article 2: <br /> Cary Memorial Building Upgrades, $8,241,350 (9-0) <br />Article 3: <br /> Amendment of Art. 5 of 2013 Nov. Special Town Meeting, Renovations to the <br /> Community Center, $5,797,184 (9-0) <br />Article 8: <br />a)Sidewalk Construction for the Community Center, $100,000 – (9-0) <br />b)Visitor Center Design Phase, $59,332 – (7-0-2) <br />c)Hasting Park Gazebo Renovations, $120,000 – (9-0) <br />d)HC Inventory Forms for Listed Buildings, $35,000 – (9-0) <br />e)Battle Green Streetscape Improvements, $63,000 – (9-0) <br />f)Vynebrook Village Renovations, $300,551 (9-0) <br />g)LexHAB Set-Aside Funds for Development of Affordable Housing at the Busa <br />Property, $750,000 – (9-0) <br />h)Lincoln Park Field Improvements, $200,000 – (9-0) <br />3 <br /> <br />
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