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2013-11-04-STM-CEC-rpt
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2013-11-04-STM-CEC-rpt
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Last modified
12/14/2022 4:17:19 PM
Creation date
5/6/2015 11:59:42 AM
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Archives
Year
2013
Author or Source
Capital Expenditures Committee
Department
Town Clerk
Keywords or Subject
Town Meeting
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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2013 STM(Nov 4th) <br /> APPENDIX A: Information on the Town's Current Specific Stabilization Funds <br /> Lexington's Specified Stabilization Funds <br /> as of October 15,2013 <br /> Town Warrant,Town of Lexington,for Special Town Meeting on 4 Nov 2013,signed 7 Oct 2013 <br /> Article 3:Appropriate To and From Specified Stabilization Funds <br /> "To see if the Town will vote to appropriate sums of money to and from Stabilization Funds in accordance with Section 5B of Chapter <br /> 40 of the Massachusetts General Laws for the purposes of: (a)Section 135 Zoning By-Law,(b)Traffic Mitigation,(c)Transportation <br /> Demand Management, (d)School Bus Transportation,(e)Special Education,(f)Center Improvement District;(g)Debt Service,(h) <br /> Transportation Management Overlay District(TMO-1),(i)Avalon Bay School Enrollment Mitigation Fund,and(j)Capital Projects/Debt <br /> Service Reserve/Building Renewal Fund;and determine whether the money shall be provided by the tax levy,by transfer from <br /> available funds,or by any combination of these methods;or act in any other manner in relation thereto." <br /> Warrant Town Meeting(ATM=Annual;STM=Special) Capital <br /> Sequence Name Created Purpose Related <br /> (a) Section 135 Zoning By-Law 2007 ATM, "for the purpose of financing public improvements pursuant to Yes <br /> Article 39 Section 135 of the Code of Lexington" <br /> (b) Traffic Mitigation 2007 ATM, "for the purpose of financing traffic mitigation projects Yes <br /> Article 39 pursuant to conditions of special permits issue by the Town <br /> (c) Transportation Demand 2007 ATM, "for the purpose of supporting the operations of Lexpress Bus No <br /> Management Article 39 Service" <br /> (d) School Bus Transportation 2007 ATM, "for the purpose of supporting transportation of students to No <br /> Article 39 and from school on a daily basis" <br /> (e) Special Education 2008 ATM, None stated when created,but Appropriation Committee No <br /> Article 24 Report to that Town Meeting says"for setting aside reserves to <br /> help cover unexpected out-of-district Special Education <br /> expenses that exceed budget" <br /> (f) Center Improvement District 2009 ATM, "to fund needed improvements in Lexington Center" Yes <br /> Article 25 <br /> (g) Debt Service 2009 ATM, "for the purpose of paying a portion of the debt service on Yes <br /> Article 26 certain outstanding bonds of the Town issued for the purpose <br /> of the Diamond Middle School,Clarke Middle School and High <br /> School construction projects" <br /> (h) Transportation Management 2011 ATM, "for the purpose of financing transportation infrastructure Yes <br /> Overlay District(TMO-1) Article 20 improvements per Section 135-43C of the Code of the Town of <br /> Lexington" <br /> (i) Avalon Bay School Enrollment 2011 ATM, "to mitigate the cost of students attending the Lexington Public No <br /> Mitigation Fund Article 20 Schools who reside at Avalon Bay" <br /> (j) Capital Projects/Debt Service 2012 STM None stated when created,but the name identifies the Yes <br /> Reserve/Building Renewal Fund 19 Nov, intended purposes. <br /> Article 3 <br /> Fund-by-Fund Information Prepared by the Capital Expenditures Committee <br /> A-1 <br />
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