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RECEIVED 2022 28 Jain, ui °m TOWN CLERK LEXINGTON MA FY23 CPA Funding Request- Facilities- Pour-in-Place-surfaces- Mr. Newell discussed the updated CIP request for Pour-in-Place (PIP) surfaces and detailed the proposed work that will be done at each site. Ms. Fenollosa asked why four schools are being done at the same time instead of being phased. Mr. Newell stated that Facilities has the capacity to do all four in one year and if the project is phased each year, the cost is projected to increase by 3-4%. Ms. Fenollosa asked if the structures and material would all fail at the same time. Mr. Cronin stated that he is not anticipating failure at the same rate because of maintenance.The replacement process will start in 2033. Mr. Newell stated that Facilities is creating a 20-year life cycle plan. Mr. Pressman stated that he is concerned about the increased price and asked if they anticipate multiple bids for the project. Mr. Newell stated that they would like to receive multiple bids but do not anticipate many since a lot of companies are short staffed. Mr. Pressman stated that he hopes to see a request for drainage at Bowman in the future because the playing field has become swa m py. The Committee voted by a roll call vote in a straw poll to support the project (9-0). Mr. Cronin and Mr. Newell left at 5:26 PM. FY23 CPA Funding Request- LexHAB- 116 Vine Street Construction- At the request of the Committee, LexHAB had been invited to the 12-9-21 CPC meeting to present an estimated cost for 116 Vine Street construction. Mr. Kennedy stated that based on Farmview costs, a 25% increase due to COVID-19 and inflation, $5.3 million is the estimated construction cost. Mr. Hornig asked when construction would start if Town Meeting approved the project. Mr. Kennedy stated it would start in fall 2022. The Committee voted by a roll call vote in a straw poll to support the project (9-0). Ms. Walker stated that the cost per unit is high. Mr. Kennedy and Mr. Savage left the meeting at 5:33 PM. CPA Finance Ms. Fenollosa briefly explained the Community Preservation Fund Balance Spreadsheet and stated that if the Committee funds all projects as presented there will be approximately$2.6 million remaining. Mr. Hornig asked about the Committee's policy of a $2 million reserve and believes that it was in unrestricted funds. Mr. Kanter commented on the policy bearing on the projected balance. 3