2023-03-27-CEC-ATM-rpt (corrected)

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CORRECTED CAPITAL EXPENDITURES COMMITTEE REPORT TO 2023 ATM • Muzzey High Condominium Unit (former Senior Center), 1475 Massachusetts Avenue— Determine Use and Renovation) (No action at this Town Meeting.) • Police Station (Construction is in process; also see Article 16(1). • Recreation Facilities—A continuing need (See Articles 10(I, j, k), 11, and 16(g).) • Roads—A continuing need (See Article 120).) • Sidewalks—A continuing improvement need. (See Articles 12(g&m) • Stone Building (previously the East Lexington Library), 735 Massachusetts Avenue—Determine use and renovation. This structure has been stabilized but is not code compliant nor suitable for use without further renovation or build -out. (See Article 10(a)) • Transportation Mitigation—This is a continuing need. (See Article 12(b & c).) (Actions taken are often an element of road -related projects, rather than being solely to achieve specific mitigation.) The SB, School Committee (SC), CPC, and Permanent Building Committee continue to evaluate, refine, prioritize, and schedule these projects for the next several years. Realistic cost proposals should be incorporated in the 5 -year projections. The Townwide Facility Master Plan—that will incorporate Schools and Municipal Plans—is still a work in progress, but each component plan completed will contribute to that process. The Community Preservation Act In March 2006, Lexington voted to adopt the CPA—an opt -in, State -funding mechanism for selected purposes. CPA funds may be used for capital projects proposed by municipal and non -municipal entities within four categories: Community Housing, Historic Resources, Open Space, and Recreational Use. These monies help accomplish some of our Town's traditional needs, but only those that fall within the limited purposes of the Act. (See Article 10(a) -(r).) Currently 194 municipalities have adopted the CPA, compared to 187 last year. That's 55% of all the municipalities in Massachusetts comprising 70% of Massachusetts residents. Each community opting into the Act voluntarily adds a surcharge from 1% to 3% to its municipal taxes to fund its CPF. Lexington has selected the maximum 3%. Under the statute, each CPA municipality is then eligible for annual supplemental State funding in November based on its collected surtax level. The original State supplement "matched" the total of each municipality's surcharge receipts, but as more municipalities opted into the program, the supplement level to each has diminished. When the initial distribution to adopted municipalities was less than a 100% surcharge collection match, the State began a proportional distribution. For those communities that have adopted the maximum 3% surcharge, a second- and a third -round distribution is also calculated to determine their final supplemental funding. See the Table following for the lifetime history of supplemental distributions to Lexington, including the projection for FY2024. The footnotes include those years in which there was an added State Community Preservation Act Trust Fund (CPATF) distribution because of an allocation of a portion of any surplus in the State's budget at its close. (See more details following the table.)