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Updates to Article 3 <br /> The summary table in the header for Article 3 (p. 3) should read as follows. <br /> Article 3 Establish, Amend, Dissolve and Appropriate To and From Specified <br /> Stabilization Funds <br /> Funds Requested Funding Source Committee Recommendation <br /> $494.05 DSSF <br /> $100,000 Mitigation Payments <br /> $250,000 Mitigation Payments <br /> $107,554 Mitigation Payments Approve (8-0) <br /> $4,479.48 Comm. Impact Fees <br /> $2,375,392 Tax Levy <br /> The last paragraph under Article 3 (p. 4) should read as follows. <br /> Finally, the article requests the appropriation of$2,375,392 from the tax levy into the Capital Stabilization <br /> Fund (CSF). As noted above in the Introduction,the funding is a combination of two components: <br /> • Approximately $1.7 million of new growth revenue resulting from increases in the assessed value <br /> of new developments governed by Preliminary Site Development and Use Plans (PSDUPs) that <br /> were approved by Town Meeting, in addition to new developments within the commercial zone at <br /> Hartwell Avenue <br /> • Approximately $0.7 million of new growth revenue from construction on the Takeda campus, <br /> combined with new growth recognized as a result of the scheduled 5% reduction in Takeda's TIF <br /> exemption. <br /> The Town has adopted a policy to direct current and future revenue from the first component into the CSF <br /> in anticipation of the forthcoming construction project of Lexington High School. The second component <br /> will be treated as a one-time revenue source for the CSF. <br /> Updates to Article 4 <br /> The October 25 report showed the budget line number for the Reserve Fund as 2500,but it should be 2510 (p. 5). <br /> Line I I From I To I Change <br /> 2510 1 Reserve Fund Is 750,0001$ 1,250,0001$ 500,000 <br /> The motion under Article 4 will include a request to increase the spending limit of the DPW Compost Operations <br /> Revolving Fund from $867,000 to $923,100 to reflect an increase in the estimated revenue and associated expenses <br /> of that operation. This item was inadvertently omitted in our original report. <br /> Line I I From I To I Change <br /> 3420 1 DPW Compost Operations Is 867,0001$ 923,1001$ 56,100 <br /> The last table under Article 4 (p. 6) for the MWRA Wastewater Assessment contained a typo in the "To" column. <br /> The corrected table follows. <br /> Line I I From I To I Change <br /> 3720 1 MWRA Wastewater Assessment 1$ 8,499,5731$ 8,432,7921$ (66,781) <br /> 2 <br />