2022-12-08-CPC-min - Laserfiche WebLink

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5 Ms. Beebee, the Capital Expenditure’s Committee’s liaison to the CPC, stated that the CEC is aware of the “two big ticket items” and that those project sponsors will be meeting directly with the Capital Expenditure’s Committee. Mr. Creech left the meeting at 6:46. Minutes: After a motion was made and duly seconded the Committee conducted a roll call vote (8-0-0) to approve the minutes from the meeting dated 12/1/2022. LexHAB Pre funding: Ms. Fenollosa advised that she had received a new request from LexHAB regarding property acquisitions. Sarah Morrison, LexHAB’s Executive Director, recently had informed her that the Select Board had awarded LexHAB $400,000 in ARPA funds to acquire a property that was previously planned to be funded by CPC. Ms. Morrison is now asking if the Committee would be willing to substitute the originally-recommended $400,000 acquisition funding for prefunding of another future property acquisition, similar to the Affordable Housing Trust prefunding project. Members were asked if they were willing to consider the request, and they indicated informally that they would. Mr. Horton asked whether Town Counsel should review the changed request. Ms. Fenollosa expressed the view that this was probably not necessary since the CPC had recommended similar projects to Town Meeting in 2011 and 2012, but said that she would ask for his opinion on the matter. Committee Business: The next meeting will take place on December 15th at 4:00, directly before the Public Hearing to receive comments on the Needs Assessment Report at 5:00. Following the Public Hearing, the Committee will vote to approve the Needs Assessment Report and then take final votes on the FY24 projects. Both meetings will take place over Zoom. After a motion was duly made and seconded the Committee conducted a roll call vote (8-0-0) to adjourn the meeting at 7:04. Respectfully submitted, Christopher Tierney Administrative Assistant Meeting Materials: MCA Cost analysis Lincoln Field Project Memorandum Community Preservation Fund Balances Community Preservation Committee Projected Revenue and Debt Service Minutes dated 12/1/2022 APPROVED 12/15/2022