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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2022 ATM& STMs 2022-1 & -2
<br /> CEC Five-Year Capital Plan(FY2023–FY2027)' (continued)
<br /> FY2023
<br /> Project Name Recommended FY2024 Plan FY2025 Plan FY2026 Plan FY2027 Plan Non-TBD Totals
<br /> Community-Wide
<br /> Debt Service Stabilization $191,112.60 $191,112.60
<br /> LexHAB Projects" TBD TBD TBD TBD TBD
<br /> Lexington Housing Authorty Projects" TBD TBD TBD TBD TBD
<br /> Future CPF-Funded Projects" TBD TBD TBD TBD TBD
<br /> CPC Debt Service19 $1,935,635 $1,788,9001 $681,200 TBD
<br /> CPC Administrative Bud et20 $150,000 $150,0001 $150,0001 $150,0001 $150,000 $150,000
<br /> Subtotals—Community Wide $2,276,747.601 $1,938,9001 $831,2001 $150,0001 $150,000 $341,112.60
<br /> Grand Totals $65,384,550.10 $29,046,746 $22,384,214 $28,481,639 $19,268,452.00 $164,565,601.10
<br /> FOOTNOTES
<br /> 1The following apply to all items below:(a)all changes from the Town's 5-Year Capital Plan or information provided in these
<br /> footnotes,unless otherwise identified,are made by this Committee;(b)the amounts include all fund sources;(c)"TBD"indicates
<br /> undefined at present,but the potential exists for one or more requests in those years;(d)most FY2024–FY2027 amounts are not presented
<br /> on an inflation-adjusted basis;and(e)individual amounts may be below the$25,000 capital threshold if projected to be funded from the CPF.
<br /> 2Included as potential requests to the CPC during the time frame of this Plan.
<br /> 3Added because use for this Town asset should be determined.
<br /> 4DPF is currently reviewing a contracted report on the end-of-life of the Town's facilities(including their systems)from a 20-year
<br /> perspective.It contains recommendations that propose significant increases across much of the DPF's out-year funding requirements.
<br /> Therefore,this Committee believes it is prudent to treat the presence or absence of out-year requests in this Capital Plan as'placekeepers'
<br /> until DPF has completed their on-going analysis of those recommendations.
<br /> 5Feasibility Study would provide an initial cost estimate for the costs of the Project's Design/Engineering (D/E)and initial construction
<br /> estimate.Pending that Study,there is only a broad range(–$300--$500 million)of the overall costs for this Project so even presuming a
<br /> 27%MSBA reimbursement(reduced from 30%by assuming there will be Town-needed elements that will not be eligibile for reimbursement)
<br /> there is an exceptionally-broad uncertainty for both the funding of D/E and construction,along with when each would take place.Therefore,
<br /> each is represented by a"TBD"in a 2-year period.
<br /> 6A Debt Exlusion Referendum is expected later this year.
<br /> 7The new Police Station is designed only to be"solar ready"(i.e.,infrastruction provided inside the building and on its roof).
<br /> 8The Library intends to pursue Library Foundation and private contributions to support the now-projected FY2024 or FY2025 renovation
<br /> cost.The estmated dollar amount does not reflect any contrbuted amount.
<br /> 9When this study completes the factors of electrical upgrades to replace the oil-fired hot water heater at the town pool complex with an
<br /> electric model for sustanability,a decision would be made as which source to purchase.This Committee expects the study will be
<br /> completed in time to request the purchase funding at a Fall STM;hence the same year"TBD".
<br /> 10
<br /> To provide the Town's Police with updated,dynamic,and realistic Safety Training.
<br /> 11 Remains as unfunded as this Committee still does not believe this project is justified in the time frame of this Plan when considering the
<br /> other expenses forecast for the same duration.
<br /> 12Doesnot include the usually substantial Chapter 90 fundings—now about$1 million(FY2023 is$982,231)that is expected annually from
<br /> the State and that do not require appropriation.
<br /> 13Thisintersection improvement was removed from the Center Streetscape Improvement Project,but although work is needed,a formal
<br /> request has yet to be made.The inclusion in this plan is made so as to keep the need in sight—with TBD arbitrarily in FY2026.
<br /> 14
<br /> The large amount in FY2027 is for North Street/Burlington Street from Grove Street to Adams Street.
<br /> 15Addedby this Committee.Recognizes that a street acceptance could entail an improve-to-Town-standard cost(which would be paid off
<br /> by the abuters).
<br /> 16ThisCommittee substituted an FY2027 TBD in lieu of FY2026$200,000 funding as this Committee has yet to be convinced such a project
<br /> is justified and the funding capability has not been demonstrated as prudent in the face of other demands.
<br /> 17Addedby this Committee.A TBD in the outyears for at least some implementation in response to the transition to electric vehicles.
<br /> 18Addedby this Committee.A TBD in the outyears as these non-Government and Government funding requests are routine.
<br /> 19Includedas routine,annual,appropriations from the CPF—FY2024&FY2025 actuals;FY2016&FY2017 potential.
<br /> 20Addedby this Committee.Annual in outyears.
<br /> 14
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