|
Lexington Home Page
|
Help
|
About
|
Browse
Search
2023-03-20-CEC-ATM-rpt
Breadcrumb Navigation:
TownOfLexington-Public
>
WEB PUBLISHED-PUBLIC DOCUMENTS
>
ELECTIONS AND TOWN MEETING ACTION & WARRANTS
>
Town Meeting Minutes and Reports
>
2020-2029
>
2023
>
Reports
>
ATM 2023
>
2023-03-20-CEC-ATM-rpt
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/20/2023 11:02:26 AM
Creation date
3/20/2023 11:01:59 AM
Metadata
Fields
Template:
Archives
Year
2023
Department
Town Clerk
Keywords or Subject
Capital Expenditures Committee Town Meeting Report for March 20, 2023
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
71
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CAPITAL EXPENDITURES COMMITTEE REPORT TO 2023 ATM <br /> • Muzzey High Condominium Unit (former Senior Center), 1475 Massachusetts Avenue— <br /> Determine Use and Renovation) (No action at this Town Meeting.) <br /> • Police Station (Construction is in process; also see Article 16(1). <br /> • Recreation Facilities—A continuing need (See Articles 10(I,j,k), 11, and 16(g).) <br /> • Roads—A continuing need(See Article 120).) <br /> • Sidewalks—A continuing improvement need. (See Articles 12(g&m) <br /> • Stone Building(previously the East Lexington Library), 735 Massachusetts Avenue—Determine <br /> use and renovation. This structure has been stabilized but is not code compliant nor suitable for use without <br /> further renovation or build-out. (See Article 10(a)) <br /> • Transportation Mitigation—This is a continuing need. (See Article 12(b &c).) (Actions taken <br /> are often an element of road-related projects, rather than being solely to achieve specific mitigation.) <br /> The SB, School Committee (SC), CPC, and Permanent Building Committee continue to evaluate, refine, <br /> prioritize, and schedule these projects for the next several years. Realistic cost proposals should be <br /> incorporated in the 5-year projections. The Townwide Facility Master Plan—that will incorporate Schools <br /> and Municipal Plans—is still a work in progress,but each component plan completed will contribute to that <br /> process. <br /> The Community Preservation Act <br /> In March 2006, Lexington voted to adopt the CPA—an opt-in, State-funding mechanism for selected <br /> purposes. CPA funds may be used for capital projects proposed by municipal and non-municipal entities <br /> ity Housing,Historic Resources,Open Space,and Recreational Use.These <br /> within four categories: Commun <br /> monies help accomplish some of our Town's traditional needs, but only those that fall within the limited <br /> purposes of the Act. (See Article 10(a)-(r).) <br /> Currently 194 municipalities have adopted the CPA, compared to 187 last year. That's 55% of all the <br /> municipalities in Massachusetts comprising 70%of Massachusetts residents. Each community opting into <br /> the Act voluntarily adds a surcharge from 1%to 3%to its municipal taxes to fund its CPF. Lexington has <br /> selected the maximum 3%. Under the statute, each CPA municipality is then eligible for annual <br /> supplemental State funding in November based on its collected surtax level. The original State supplement <br /> "matched" the total of each municipality's surcharge receipts, but as more municipalities opted into the <br /> program, the supplement level to each has diminished. When the initial distribution to adopted <br /> municipalities was less than a 100%surcharge collection match,the State began a proportional distribution. <br /> For those communities that have adopted the maximum 3% surcharge, a second- and a third-round <br /> distribution is also calculated to determine their final supplemental funding. <br /> See the Table following for the lifetime history of supplemental distributions to Lexington, including the <br /> projection for FY2024. The footnotes include those years in which there was an added State Community <br /> Preservation Act Trust Fund (CPATF) distribution because of an allocation of a portion of any surplus in <br /> the State's budget at its close. (See more details following the table.) <br /> 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.