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07/13/2021 AC Minutes <br /> Mr. Bartenstein added that this Committee should stay informed on the use of the almost $10.0 <br /> million that Lexington is receiving through the federal American Rescue Plan. Ms. Kosnoff noted <br /> that those funds must be spent by December 31, 2024, and the federal government's guidance is <br /> minimal, although there are some specific requirements for using the funds for revenue <br /> replacement. Replaced revenue would go into the general fund and then would likely need to be <br /> appropriated. She added that transparency is critical. <br /> Executive Session—Exception 6 <br /> At 8:52 p.m., Mr. Parker declared that an Executive Session was warranted under the Open Meeting <br /> Law Exemption 6 to consider the purchase of real property adjacent to the Lexington Community <br /> Center, as the discussion in an open meeting may have a detrimental effect on the negotiating <br /> position of the Town. <br /> A motion was made and seconded to go into Executive Session with those present, and that this <br /> Committee would not reconvene in open session. The motion was approved by roll call vote. <br /> VOTE: 8-0 <br /> Respectfully submitted, <br /> Sara Arnold <br /> Approved: September 29, 2021 <br /> Exhibits <br /> • Agenda, posted by Mr. Parker <br /> • Requested FY2021 End-Of-Year Budget Adjustments, prepared by Finance Department <br /> staff <br /> 3 <br />