2016-02-23-CEC-min - Laserfiche WebLink

Browse Search

Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting February 23, 2016 and design & engineering costs related to use of the property for municipal or school purposes. Those options were: • Option 1: One question that includes all three project scopes. • Option 2: Two questions. One addressing both the elementary- and middle - school project scopes and another for the Pelham Road property. • Option 3: Three questions; One for each project scope. After a discussion of the perceived merits and disadvantages of each of those options, a Motion was made and seconded that, if it were to be just those three options, this Committee would endorse Option 2. Vote: 5 -0 Ms. Barnett noted that she continues to believe the Center Streetscape project should be included on a debt - exclusion referendum. Mr. Kanter also reported that at that same BoS meeting, Rob Addelson, Assistant Town Manager for Finance, advised that the winning bids for debt issued by Lexington for various projects on February 17th resulted in the true interest costs to the Town of 1.05% for the bonds and 0.47% for the bond - anticipation notes. Approval of Minutes: Mr. Kanter presented the six sets of Minutes for approval and described any revisions since the earlier distribution. The following votes followed each presentation and discussion: • A Motion was made and seconded to approve the Draft Minutes for the January 19, 2016, meeting as revised. Vote: 5-0 • A Motion was made and seconded to approve the Draft #3 Minutes for the January 29, 2016, meeting as revised. Vote: 3-0-2 (Ms. Manz abstained as she had not attended that meeting; Ms. Barnett abstained as she had remotely participated for only a part of that meeting.) • A Motion was made and seconded to approve the Draft #3 CEC Minutes for the February 2, 2016, meeting as previously distributed. Vote: 4 -0 -1 (Mr. Cole abstained as he had not attended that meeting.) • A Motion was made and seconded to approve the Draft #3 CEC Minutes for the February 9, 2016, meeting as previously distributed. Vote: 5 -0 • A Motion was made and seconded to approve the Draft CEC Minutes for the February 10, 2016, meeting at the Summit as previously distributed. Vote: 3 -0 -2 (Ms. Barnett and Mr. Cole abstained as they had not attended that meeting.) • A Motion was made and seconded to approve, including for public release, the Draft CEC Minutes for the February 22, 2016, meeting as previously distributed. Vote: 4 -0 -1 (Ms. Barnett abstained as she had not attended that meeting.) Projects for the 2016 ATM: Two projects were identified as needing further discussion beyond that which had taken place at previous CEC meetings. • Center Streetscape Improvements, Phase 1: It was noted that Ms. Barnett had prepared draft material on this project for this Committee's report to the 2016 ATM. This material generated general comments, including: ➢ This is not a new project; it has been discussed for several years. Page 2 of 4