2016-02-08-CEC-STM1-STM2-rpt - Laserfiche WebLink

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CAPITAL EXPENDITURES COMMITTEE REPORT TO FEBRUARY 8, 2016, STMs 2016 -1 & 2016 -2 For that reason, this Committee is reporting on this matter, as we did to the 2014 Annual Town Meeting, despite the fact that all funding for the Minuteman district — including an apportionment of any capital costs —would come through the assessment process and be an expense of the Operating Budget. The current Minuteman facility is inadequate and in failing condition. This Committee joins in support for a new facility and once again, this Committee unanimously recommends approval of the Amended Agreement being presented. STM 2016 -1, Article 3: APPROPRIATE FOR HASTINGS SCHOOL FEASIBILITY STUDY Fund Authorization Requested Funding Source Committee Recommends $1,500,000 GF (Candidate for Excluded Debt) Approval (5 -0) "To see if the Town will vote to appropriate, borrow or transfer from available funds, an amount of money, to be expended under the direction of the Permanent Building Committee, for the costs of a feasibility study relating to the Hastings School located at 7 Crosby Road, in Lexington, for which feasibility study the Town may be eligible for a grant from the Massachusetts School Building Authority ( "MSBA "). The MSBA's grant program is a non - entitlement, discretionary program based on need, as determined by the MSBA, and any costs the Town incurs in connection with the feasibility study in excess of any grant approved by and received from the MSBA shall be the sole responsibility of the Town, or act in any other manner in relation thereto." "DESCRIPTION: On January 27, 2016, the Board of the Massachusetts School Building Authority is expected to vote on Lexington's application to accept the Hastings School into the MSBA reimbursement program. If the Town's application is approved at that time, this Article would fund the first phase of the process, conducting a feasibility study." [Town Warrant for 2016 -1] The Massachusetts School Building Authority (MSBA) Board of Directors did authorize an invitation to Lexington to proceed into the Eligibility Period —the 1st module (which must be completed within 270 days of that Board's authorization) in the MSBA's 8- module Building Process: MS A Building Process i!y.for: %ttrll»>I»llli»>II»l giii 11 % 1°11"1 iii io >l>l>l>1I11�111D11111ID1�O iiiiii1I11D111111111111111 IU j�JJllllJl��l��ll ��11�11�� h. +l•uildin>s. ore/ it in / 11J11JJ111 /I / / /1 /JJl / / /// /ii/ 0 One of the requirements of the Eligibility Period is a local vote to authorize funding for the MSBA - specified Feasibility Study (FS). This Article provides for that vote and includes the information 2