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March 22, 2021 Adjourned Session of the 2021 Annual Town Meeting, cont'd...
<br /> "Fee", a payment for services or improvements within a TID.
<br /> "Lead municipality", the municipality exercising managerial control over the TID, as designated
<br /> by the group of municipalities participating in the establishment of a TID, provided that each
<br /> participating municipality be independently authorized to establish a TID.
<br /> "Municipal executive body", the mayor or city manager in a city or the Select Board, town
<br /> manager, or town administrator in a town.
<br /> "Municipal legislative body", the city council or board of alderman in a city or the town meeting
<br /> in a town.
<br /> "Partners", the businesses, entities, municipalities, districts, regional entities, and state agencies
<br /> participating in a TID.
<br /> "Program plan", a statement of means and objectives for providing the capital, operational
<br /> facilities, and resources to improve transit, transportation, and quality of life within a TID.
<br /> "TID", a transit improvement district formed pursuant to this chapter, which is a specified area
<br /> within Lexington that shall consist of 2 or more parcels or lots of land, whether or not
<br /> contiguous, or 2 or more buildings or structures, whether or not adjacent, on 2 or more parcels of
<br /> land; provided, that the total area of all TIDs within Lexington shall not exceed 25 per cent of the
<br /> total area of Lexington.
<br /> "Transit improvement program" a transit project that implements transit improvements upon
<br /> existing transportation services within a TID.
<br /> SECTION 2. Program Plan & TID Adoption Requirements
<br /> (a) Prior to establishing a TID, Lexington shall develop a program plan describing said TID's
<br /> means and objectives. At a minimum, the program plan shall include:
<br /> (1) a financial plan that describes the costs and sources of revenue required to establish transit
<br /> improvement programs within a TID, including cost estimates for the transit improvement
<br /> programs, the amount of indebtedness, if any, to be incurred, and any sources of anticipated
<br /> capital; provided, that the financial plan's cost estimates may include any of the following types
<br /> of costs: (i) administrative costs, including any reasonable charges for the time spent by town
<br /> employees in connection with the implementation of a transit improvement program and for
<br /> committing the assessment, collections of fees and payment enforcement; (ii) capital costs,
<br /> including the costs of the construction of public works or improvements, new buildings,
<br /> structures and fixtures, the demolition, alteration, remodeling, repair or reconstruction of existing
<br /> buildings, structures or fixtures, the acquisition of equipment, or the grading and clearing of
<br /> land; (iii) discretionary costs, including any payments made by a municipal entity that, in its
<br /> discretion, are necessary for the creation of TID or the implementation of a transit improvement
<br /> program; (iv) financing costs, including all interest paid to holders of evidences of indebtedness
<br /> issued to pay for transit improvement program costs and any premium paid over the principal
<br /> amount of that indebtedness because of the redemption of the obligations before maturity; (v)
<br /> information costs, including any costs associated with promoting and advertising the transit
<br /> improvement programs, providing public safety information, disseminating transit schedules, or
<br /> providing other forms of information necessary to the transit operations of a TID; (vi)
<br /> management costs, including costs incurred by establishing and maintaining TID administrative
<br /> and managerial support and other services, as necessary or appropriate, to provide transit
<br /> improvement programs; or(vii) professional service costs, including any costs incurred for
<br /> consultants, planning, engineering, architectural, or legal advice, or other services related to
<br /> providing transit improvement programs;
<br /> (2) a list of the necessary capital and operational resources to be procured and public facilities, if
<br /> any, to be constructed;
<br /> (3) identification of the use, if any, of private property for transit improvement programs;
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