2011-03-CEC-ATM-rpt - Laserfiche WebLink

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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2011 ATM for payment, similar to all CPC and Town Meeting approved projects. The CPC is recommending this funding to Town Meeting subject to agreed standards for the purchase or creation of new housing units." [Brown Book, Page XI-16]. This Committee supports this alternate approach to providing CPF funding to LexHAB to further Lexington's community (affordable) housing objective under the CPA. As we discussed with the proponent, we expect the presentation to Town Meeting under this sub-element to provide evidence of where the procedural changes under this alternate approach have been shown to achieve the stated efficiencies in other municipalities. This Committee has a formal responsibility to advise Town Meeting on all uses of the CPF, and as the provision of these funds is absent information on the specific projects on which these funds will be used, this Committee finds it is important that two conditions shall apply to this appropriation: (1) The "Guidelines for Use of CPA Funding Under Article 8d for Acquisition of Affordable Housing Units by LexHAB" (as approved by the CPC at their meeting, March 17, 2011) shall be explicitly incorporated at least by reference in the Motion for this set-aside; and(2) That this Committee's advice, along with that of the CPC, shall be considered by the Board of Selectmen when it is approached by LexHAB for the required Board's approval of any such specific project that proposes to use any of the funds from this set-aside. (The review by this Committee, the CPC, and even the Board of Selectmen, could be accomplished in a joint meeting so as not to materially delay that Board's ability to make a timely decision.) Project Description(CPA Category) Amount Funding Committee Recommends Requested Source (e) Battle Green Monument Restoration Resources $50,000 CPF (Cash) Approval (5-0) (Historic ) "This project will rehabilitate and repair existing monuments in Town in preparation for the Town's 300th year celebration in 2013. Monuments to be restored and repaired include the Obelisk, Minuteman Statue, Minuteman Monument, and the Common flagpole. A conservator will be hired to assist and oversee the necessary work. The monuments will be checked for structural integrity and will be repaired and restored to proper finish. This project will preserve monuments to Lexington's history for both Lexington residents and tourists visiting the Town." [Brown Book, Page XI-14]. Project Description(CPA Category) Amount Requested Funding Source Committee Recommends (f) Battle Green Master Plan Implementation(Historic $50,000 CPF (Cash) Approval (3-2) Resources) "A Master Plan for the Battle Green is being prepared for the Selectmen's approval. This plan will call for the coordinated stewardship of this important Lexington resource, and will recommend site improvements including comprehensive programming for lighting, interpretation, path surfaces, parking, pedestrian access, monument preservation and plantings. While the details of the Master Plan are still being reviewed, the Master Plan Committee is seeking funding for initial work on the pathways leading to the monuments on the Green. The funding estimate for this historic preservation project is $48,000 for restoration work with a $2,000 contingency. Additional funding may be requested in subsequent years for this historic preservation project, depending upon available matching state, federal, and private grant funds." [Brown Book, Page XI-16] Notwithstanding the title of this sub-element and that Article 34 of this Meeting will be Indefinitely Postponed (see this Committee's position on it on Page 58), but as recognized in the above description of the purpose of this requested funding, this funding which is in conjunction with that proposed under sub-element(e) is for initial work related to the monuments on the Battle Green. 33