2022-11-01-CEC-STM#3-rpt - Laserfiche WebLink

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CAPITAL EXPENDITURES COMMITTEE REPORT TO STM 2022-3 However, this Committee maintains concern that this Article and subsequent legislation would remove much of the current oversight function accorded to the Select Board. Specifically,the Select Board would cede to LexHAB's Board the authority to: • make and execute contracts, • acquire, lease,purchase, and sell real property, and • enter into agreements with government authorities. Second, assuming a Lexington Affordable Housing Trust is formed, this would move CPC Affordable Housing monies one more step away from CPC oversight. These two concerns are somewhat mitigated by the final approval authority that will be granted to the Select Board for LexHAB Board appointees. 7