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2021-1 STM APPROPRIATION COMMITTEE I NOVEMBER 2021 Warrant Article Analysis and Recommendations Article 2 Appropriate for Prior Years' Unpaid Bills Funds Requested Funding Source Committee Recommendation None N/A IP As of this report's publication,the Town was not aware of any unpaid bills from prior years. The Committee supports indefinite postponement. Article 3 Establish, Dissolve and Appropriate To and From Specified Stabilization Funds Funds Requested Funding Source Committee Recommendation TDM/PT SF $200,000 Capital SF $570,300 GF Approve (8-0) This article requests the appropriation of funds into the Transportation Demand Management/Public Trans- portation Stabilization Fund(TDM/PT) Stabilization Fund (SF) and the Capital SF. Transportation Demand Management/Public Transportation SF From time to time, a developer seeking a zoning change will sign a memorandum of understanding(MoU) with the Town that requires one-time or recurring contributions to the Town to be used in ways that reduce automobile trips by their employees or customers. In the past, these funds were accumulated in a special revenue fund, and Town Meeting was routinely required to appropriate them into the Transportation Demand Management/Public Transportation Stabili- zation Fund. At the 2020-3 Special Town Meeting, Town Meeting voted under Article 3 to allow funds received under certain agreements to be deposited directly into the TDM/PT SF without appropriation. Payments have been received from Takeda Pharmaceuticals ($124,113), Avalon at Lexington Hills ($46,286), Watertown Savings Bank ($8,674), and Lexington Place ($4,775) for a total of$183,848. Per the previous vote of Town Meeting,these funds were transferred directly into the TDM/PT SF. The current balance (late October 202 1)in the TDM/PT SF is $891,846,which includes the payments listed here. In addition,the Town recently received a$200,000 grant from the Massachusetts Department of Transpor- tation (Mass DOT) to support public transportation. The grant is being applied to the FY2022 Lexpress budget(see Article 4, below). In keeping with the spirit of the grant,this article requests an appropriation of the$200,000 in tax levy funds freed up from the Lexpress budget into the TDM/PT SF to help fund other town transportation needs. Capital SF The Capital SF was established as a repository of funds to supplement debt service payments on future capital projects.Two major capital projects,namely the replacement of the Police Station and the renovation or replacement of Lexington High School, are on the horizon. Construction of the Police Station is likely 3