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CAPITAL EXPENDITURES COMMITTEE REPORT TO FEBRUARY 8, 2016, STMs 2016 -1 & 2016 -2 <br />Appendix: Information on the Town's Current Specific <br />Stabilization Funds <br />Review of Lexington's Specified Stabilization Funds for Applicability <br />to the Lexington Capital Expenditures Committee's Reports to a Lexington Town Meeting <br />Town Warrant, Town of Lexington, for Special Town Meeting 2016 -1 on 8 Feb 2016, signed 11 Jan 2016 <br />Article 4: ESTABLISH, RENAME AND APPROPRIATE TO AND FROM SPECIFIED STABILIZATION FUNDS <br />"To see if the Town will vote to create, rename or appropriate sums of money to and from Stabilization Funds in <br />accordance with Section 5B of Chapter 40 of the Massachusetts General Laws for the purposes of: (a) Section 135 Zoning <br />By -Law, (b) Traffic Mitigation, (c) Transportation Demand Management /Public Transportation, (d) School Bus <br />Transportation, (e) Special Education, (f) Center Improvement District; (g) Debt Service, (h) Transportation Management <br />Overlay District , (i) Avalon Bay School Enrollment Mitigation Fund, and (j) Capital; and determine whether the money <br />shall be provided by the tax levy, by transfer from available funds, or by any combination of these methods; or act in <br />any other manner in relation thereto." <br />Warrant <br />Town Meeting (ATM = Annual; STM= Special) <br />Capital <br />Related <br />Sequence <br />Name <br />Created <br />Purpose <br />(a) <br />Section 135 Zoning By -Law <br />2007 ATM, Art 39 <br />"for the purpose of financing public <br />improvements pursuant to Section 135 of the <br />Code of Lexington" <br />Yes <br />(b) <br />Traffic Mitigation <br />2007 ATM, Art 39 <br />"for the purpose of financing traffic mitigation <br />projects pursuant to conditions of special <br />permits issue by the Town <br />Yes <br />(c) <br />Transportation Demand <br />Management /Public <br />Transportation <br />2007 ATM, Art 39 <br />"for the purpose of supporting the operations <br />of Lexpress Bus Service" <br />No <br />(d) <br />School Bus Transportation <br />2007 ATM, Art 39 <br />"for the purpose of supporting transportation <br />of students to and from school on a daily basis" <br />No <br />(e) <br />Special Education <br />2008 ATM, Art 24 <br />None stated when created, but Appropriation <br />Committee Report to that Town Meeting says <br />"for setting aside reserves to help cover <br />unexpected out -of- district Special Education <br />expenses that exceed budget" <br />No <br />(f) <br />Center Improvement District <br />2009 ATM, Art 25 <br />"to fund needed improvements in Lexington <br />Center" <br />Yes <br />(g) <br />Debt Service <br />2009 ATM, Art 26 <br />"for the purpose of paying a portion of the debt <br />service on certain outstanding bonds of the <br />Town issued for the purpose of the Diamond <br />Middle School, Clarke Middle School and High <br />School construction projects" <br />Yes <br />(h) <br />Transportation Management <br />Overlay District <br />2011 ATM, Art 20 <br />"for the purpose of financing transportation <br />infrastructure improvements per Section 135 - <br />43C of the Code of the Town of Lexington" <br />Yes <br />(I) <br />Avalon Bay School Enrollment <br />Mitigation Fund <br />2011 ATM, Art 20 <br />"to mitigate the cost of students attending the <br />Lexington Public Schools who reside at Avalon <br />Bay" <br />No <br />(j) <br />Capital <br />2012 STM 19 Nov, <br />Art 3, & renamed <br />under 2015 ATM, <br />Art 26e <br />Originally name "Capital Projects /Debt Service <br />Reserve /Building Renewal Fund "; purposes <br />remained the same when renamed <br />Yes <br />Prepared 13 Jan 2016 by David G. Kanter, Vice -Chair & Clerk, Lexington Capital Expenditures Committee <br />5 <br />