2014-09-04-AC-min - Laserfiche WebLink

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9/04/14Minutes Reserve Fund Transfer: 4.Mr. Valente reported that the Board of Selectmen hadvoted to ask this Committee to make a Reserve Fund transfer of $69,120 to support the continuation of commuter shuttle service between the Alewife MBTA StationandHartwell Avenuein Lexington. The Town has garnered support fromnine other contributors, including the four Hartwell Avenue businesses that supported the service during the previous year and the Town of Bedford. Mr. Valente’s intentionis to phase out the Town’s contribution in coming years as Hartwell Avenue property owners renegotiateleases to include a percentage ofthe total cost of this service.The current cost of the program is $175,000 annually. The 128 Business Council, which is operating the shuttle, is planning to add reverse commuter service between Lexington center and AlewifeStation, although Bedford Street construction scheduled for this fall will create some challenges. A motion was made and seconded to approve the transfer of $69,120 from the Reserve Fund to Line 7300 in the budget.The motion passed. VOTE: 7-0 Executive Session—Exemption 3 Potential Litigation: 5.At 8:12 p.m., following a declaration that an open meeting may have a detrimental effect on the negotiating position of the Town, a roll call vote of the Committee was taken on a motion by Mr. Parker to go into executive session to discuss a potential litigation matter under exemption 3andto reconvene in open session only to adjourn. The motion was unanimously adopted, each member present having voted in the affirmative. VOTE: 7-0 The Committee returned to open session at 8:55 p.m. and adjourned. The one document used at the meeting is listedbelow. Respectfully submitted, Sara Arnold Recording Secretary Approved September 23, 2014 Exhibits 1.Agenda,posted by Glenn Parker, Chair 2