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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2023 ATM Table of Contents Foreword.................................................................................................................................................... 1 The Mission of the Capital Expenditures Committee............................................................................2 Howto Read This Report.........................................................................................................................3 Summary of FY2024 Capital-Budget Requests......................................................................................4 CapitalBudget...........................................................................................................................................4 CapitalProjects.............................................................................................................................5 TheProjects Agenda....................................................................................................................5 The Community Preservation Act..............................................................................................6 Enterprise-Fund Projects.............................................................................................................9 Revolving-Fund Projects..............................................................................................................9 Five-Year Capital Plan............................................................................................................................ 10 Conservationand Open Space............................................................................................................... 13 LexingtonCommunity Center................................................................................................................ 14 Fire &Rescue........................................................................................................................................... 15 Police......................................................................................................................................................... 16 CaryMemorial Library.......................................................................................................................... 18 PublicWorks............................................................................................................................................ 19 PublicFacilities........................................................................................................................................27 Recreation ................................................................................................................................................29 Schools......................................................................................................................................................30 Innovation & Technology.......................................................................................................................32 TownClerk's Office................................................................................................................................33 AffordableHousing.................................................................................................................................33 Planning....................................................................................................................................................35 2023 ATM Warrant-Article Explanations and Recommendations....................................................37 Article 7: Appropriate To Affordable Housing Trust.............................................................37 Article 10: Appropriate the FY2024 Community Preservation Committee Operating Budget and CPA Projects (Multiple Categories).................................................37 Article 11: Appropriate for Recreation Capital Projects.......................................................44 Article 12: Appropriate for Municipal Capital Projects and Equipment.............................45 Article 13: Appropriate for Water System Improvements—Lead and Copper Program..52 Article 14: Appropriate for Wastewater System Improvements...........................................53 Article 15: Appropriate for School Capital Projects and Equipment...................................53 Article 16: Appropriate for Public Facilities Capital Projects...............................................55 Article 18: Rescind Prior Borrowing Authorizations.............................................................58 Article 19: Establish,Amend,Dissolve and Appropriate To and From Specified Stabilization Funds (SFs) .......................................................................................59 Article 21: Amend FY2023 Operating,Enterprise and CPA Budgets..................................60 Article 22: Appropriate for Authorized Capital Improvements............................................61 Appendix A: Information on the Town's Current Specified Stabilization Funds..........................A-1 AppendixB: Acronyms Used...............................................................................................................B-1 Appendix C: Summary of Warrant Articles.......................................................................................C-1 i