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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2016 ATM <br />Economic Development <br />The Economic Development Office works to encourage new investment and support our local <br />businesses —big and small. The Economic Development Office serves as a liaison for businesses and <br />works to address business - related issues from parking to updating land use policy. The Office also works <br />to retain and expand local businesses by providing information, conducting research, and leveraging State <br />economic development tools and resources designed to improve the business environment. The Office <br />also cultivates and maintains relationships with State -level partners for business development and <br />infrastructure investment opportunities. <br />In addition, the Office works to leverage economic opportunities from tourism, including The Visitors <br />Center, which serves as a gateway for people who come to visit Lexington every year. The Visitors <br />Center operates with sales revenue generated from the gift shop. <br />This year there are two capital – funding requests from Economic Development: The Grain Mill Alley <br />Design Implementation (see Article 8(o)) and Parking Meter Replacements —Phase 2 (see Article 10(p)). <br />(The sub - Article for Visitor Center Renovation (Article 8(d)) is being recommended by the BoS for <br />Indefinite Postponement,) <br />Economic Development 5 -Year Capital Appropriation History (All Sources) <br />Program <br />FY2012 <br />FY2013 <br />FY2014 <br />FY2015 <br />FY2016 <br />Battle Green Master Plan <br />$50,000 <br />Lexington Center Pocket Park <br />$21,500 <br />Grain Mill Alley <br />$18,000 <br />Totals <br />$50,000 <br />$0 <br />$21,5001 $0 <br />$18,000 <br />33 <br />