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11/05/15 AC Minutes Pelham Road Property Purchase: Largest estimated cost for purchase and renovations? Need for and process for takingby eminent domain? When will discussions become public information? How many prefabricated classrooms can be added without increasing core space? Diamond and Clarke Middle School Projects: Essential elements? Recommended elements? Diamond Middle School Project: Capacity increaseif the teaching model is changed without any space changes? Clarke Middle School Project: Required site work to address capacity? Lexington High School: Capacity? General: Enrollment summaries? There was discussion about the process going forwardand the financing model that is being developed for the large projects being contemplated in the next five years. Comments included: The motions for the articles will need to include funding amountsand their sources, in some cases identifyingan overrideas a source,but willnot address the term of excluded debt. The terms for excluded debt should be based ontheprojects’ life spans. The financing model will take into accountthe $16.0-17.0 million that is in the Capital Stabilization Fund, whichmay be used to help amelioratetax increases. Mr. Valente is the best source forexplainingthe chronology of events associated with purchasing the Pelham Road site and what happens if adebt exclusion request isn’t passed in a referendum. Additional design funds will likely be needed in the spring. The Committee adjournedat 9:18p.m. The documentsused at the meeting arelistedbelow. Respectfully submitted, Sara Arnold Recording Secretary ApprovedNovember 19, 2015 Exhibit 1.Agenda,posted by Glenn Parker, Chair 2