2022-09-21-AC-min - Laserfiche WebLink

Browse Search

09/21/2022 AC Minutes 3 The other actions expected under this article include adjustments of the MWRA expenses lines in the Water and Wastewater Enterprise Fund budgets, and possibly of energy budgets particularly for electricity and natural gas. No changes are anticipated to the CPA operating budget. 250th Anniversary of the Battle of Lexington This article will include a request of funds. However, the amount is presently unknown. More information may be available from the Semiquincentennial Commission – Ms. Barry is the Select Board liaison and Commission chair. Authorized Capital Projects This article will include a request for a supplemental appropriation of about $400,000 from the Community Preservation Fund for the Center Recreational Fields bathrooms renovation per recently received bids. Other Post-Employment Benefits (OPEB) This article is included in the draft warrant in order to allow for the possibility of appropriating additional funds into the Post-Employment Insurance Liability Fund based on the expected increase in value of new growth revenue. The Town recently received a valuation analysis of its OPEB liability and there were changes due to a reduction in the assumed discount rate as well as other factors. The need to appropriate funds for the public safety radio system or to replenish the Reserve Fund may lead to the postponement of any request under this article. LexHAB Reorganization LexHAB would like to be reorganized as an independent non-profit 501c(3) entity, but that would require a home rule action in the State legislature. No appropriation would be requested under this article. Housing Trust This article would request the formation of a housing trust to facilitate the creation of affordable housing. No appropriation is expected to be requested under this article. Opioid Settlement The Town has received funds from the State per a settlement with a pharmaceutical company and expects to receive additional funds. The funds need to be spent on treatment programs and other relevant items. The State encourages the use of these funds to support regional programs. The funds must be appropriated as part of the operating budget in order to be spent. Unlike most operating funds, the funds will be held in a continuing balance account and the balance will carry over from one year to the next. Fossil Fuels This article was deemed to be largely non-financial and was therefore not discussed further. Solar Panels and Canopies This article could be a vehicle to request funds to install solar panels and canopies that would be associated with the new police station. It was noted that preparations for this article will likely not be ready for action at this special town meeting. Pool Hot Water Heater