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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2013 STM(Nov 4th) <br /> The following (based on a presentation to the Lexington School Committee on September 10, 2013) <br /> reflects the above-cited positioning of the sets: <br /> `il Space Recommendation <br /> �.•,- jtV17 <br /> Summer 2015 <br /> Total for Two Years Gdneral Ed c�ssrooms; <br /> 12 General Ed Classrooms Educadonei Spacea ror <br /> 12 Educational Spaces for t7wmdnd iLP Graduates <br /> ILP Graduates <br /> • D {i 4 <br /> II <br /> % _ + c 1 <br /> II <br /> �.;� if <br /> � • `v <br /> 14111 <br /> \ i‘ <br /> �' <br /> .�0� .: .��_ Summer 2014 <br /> �' f o General Ed Classrooms <br /> �'c 5 Educarronal Spaces for <br /> Clarke ILP Graduates <br /> Uri, I as vounr.4 <br /> s 1A 1 I1111 i1 <br /> September 10, 2013 4 <br /> Boxed Captions Revised Oct 15.2013 <br /> (See the analysis under Article 3 regarding the financing plan for this project.) <br /> Fund Funding <br /> Article 5:Appropriate for Authorization Source Committee Recommends <br /> Renovations to Requested <br /> Buildings to be Acquired $2,846,184 CPF <br /> at 39 Marrett Road $3,169,000 (Cash) +$322,816 Approval (5-0) <br /> GF(Free Cash) <br /> "The closing date for the acquisition of the property at 39 Marrett Road is scheduled for December 3, <br /> 2013. The Town has engaged the services of an architect to work with the Community Center Advisory <br /> Committee to identify short term improvements needed to facilitate occupancy as soon as possible after <br /> closing and for long-term improvements to the property needed to support town programs to be housed at <br /> 39 Marrett Road. This article is to request funds for the short-term improvements." [Town Warrant] <br /> The March 18,2013, STM appropriated $11,212,500 for the purchase price and ancillary costs needed to <br /> acquire the portion of the property at 33 Marrett Road that had been offered for sale by the Scottish Rite <br /> to the Town with the understanding a Community Center would be established there. (That funding <br /> consisted of $7,390,000 of CPF debt, $262,500 of CPF cash, and $3,560,000 of GF cash.) Also <br /> appropriated was $100,000 of CPF cash toward the D&E of the code-compliance actions required for <br /> initial occupancy (now identified as Phase 1) and schematic-level drawings for potential longer-term <br /> 5 <br />