2016-01-29-CEC-min - Laserfiche WebLink

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Njovif t f !IVI yjohLpo!Dbgjtbrtfygf oejuisf t !Dpn n juf f !)DF DIN f f yoh! Kbovbsz!3: - !3127! position on each of the projects the CPC had voted to recommend to the 2016 Annual town Meeting. He also reported that the CPC has asked Melisa Tintocalis, the Town's Economic Development Director, to provide the CPC with an update on the proposed Grain Mill Alley capital project. The project's scope has changed considerably and the cost may have decreased to $150,000. Mr. Kanter advised the CPC that this Committee's position was that the project should be deferred and reconsidered for FY2018 funding. At that CPC meeting, Mr. Addelson, Assistant Town Manager for Finance, presented his model of the Community Preservation Funds (CPF) projected revenue and expenses as updated through FY2026; and the CPC voted to support having the debt service for projects financed from the CPF to first, to the extent possible, come from any associated fund - category reserve — something this Committee had expected would be the case. Ms. Barnett called in at 9:00 A.M. CEC Report to the February 8, 2016 STMs (continued): Ms. Barnett was informed of the minor edits to the Pending Final #2 CEC Report that had been supported by those present. A Motion was made and seconded to approve this Committee's Pending Final #2 report, with edits as discussed. Roll -Call Vote: 4 -0 Ms. Barnett's call ended at 9:02 A.M. Adjourn: A Motion was then made and seconded at 9:02 A.M. to adjourn. Vote: 3 -0 These Minutes were approved by the CEC at its meeting on February 23, 2016. Page 3 of 3