2015-11-02-AC-STM#2-rpt - Laserfiche WebLink

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APPROPRIATION COMMITTEE - NOVEMBER 2015 STM #2 Each "specified stabilization fund" holds monies for one or more purposes that were specified when the fund was created. An article essentially the same as the present one is now routinely included on the war- rant to give Town Meeting the opportunity to appropriate monies into, or out of, such funds. This article proposes to appropriate to the noted funds the following amounts. In each case, the Town re- ceived the money after the 2015 Annual Town Meeting under the terms of a memorandum of agreement between the Town and a property developer: • $1,481.44 into the Transportation Demand Management Stabilization Fund; $481.44 from Cubist and $1,000 from the Inn at Hastings Park. • $481.45 into the Traffic Mitigation Stabilization Fund from Cubist • $87,345 into the Transportation Management Overlay District Stabilization Fund from the owners of 115 Hartwell Avenue The Committee recommends approval of this request (9 -0). Article 9: Appropriate for Authorized Capital Improvements Funds Requested Funding Source Committee Recommendation Unknown Unknown IP The Committee has not been informed of any need to take action under this article. Consideration will be deferred until the end of Town Meeting to allow for the possibility of a motion if deemed necessary. The Committee has taken no position on this request. Article 10: Appropriate for Prior Years Unpaid Bills Funds Requested Funding Source Committee Recommendation $15,076 FY2016 Dept. of Public Works Operating Budget Approve (9 -0) This article requests an appropriation of $15,076 to pay Siemens for traffic signal maintenance services rendered during FY2015 but not invoiced until after the close of FY2015. Because no encumbrance was made in FY2015, the law requires a nine - tenths majority in a vote at this Special Town Meeting to approve this appropriation. The source of the appropriation is the current FY2016 Department of Public Works op- erating budget. The Committee recommends approval of this request (9 -0). 9