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1/28/2016 AC Minutes STM-1, Article 4:Establish, Rename and Appropriate to and from Specified Stabilization Funds: Mr. Addelson reported that the funds proposed tobe appropriated under this articlecameprimarily from Cubist Pharmaceuticals and will go intothe Transportation Demand Management Stabilization Fund and the Traffic Mitigation Stabilization Fund. Therewas a motion and second to support STM-1,Article 4. The motion passed. VOTE: 7-0 STM-2, Article 2: Land Purchase –20 Pelham Road: Mr. Parker shared written responses he had received from Joe Pato, Chair, Board of Selectmen, to questions submitted, primarily by Mr.Bartenstein. Mr. Valentereported thatbecause negotiations for purchase of the Pelham Road site are still ongoing,the Board of Selectmen plan to open STM-2and rd then adjourn it until a later date, potentially as late as March 23, after the start of the Annual Town Meeting.Purchasing 20 Pelham could alleviate some of the space needs of the school department. Mr. Valente provided additional information in response to questions, as follows: TheMuzzeyCondominium space that was previously used for the senior centeris not largeenough to accommodatetheschool administrative offices.Efforts to repurpose thatspace are under way but requirethe Town torenegotiate the deed restriction (which requiresapproval by 75% of the unit owners); and to addressany fire code issues that would be triggered by renovations.The space could be sold for condominiums. Survey work for the 20 Pelham Road access study has begun. In letters of intentthe Town enters intofor the purchase of land, there is typically a 60- daydue diligence period.If materialproblems are discovered during this period, the Town is not obligated to proceed to a purchase and sale agreement and/or closing. Thesource of funding for this proposed purchaseis still under discussion. There are funds in the Capital Stabilization Fund, and excluded debt financing could be sought even though the purchase would not be contingent on the passage of a debt exclusion th override. This may be discussed at the February 10budget summit. School uses are considered the highest priority for 20 Pelham; the gymnasium and cafeteria could be used by the Community Center. Because the matter will not be ready for consideration at the February 8 STM, the Committee determined not to take a vote at this time and to defer its report on the article until a later date. 2.Techniques and Technology to Enhance Budget Visualization: Mr. Radulescu-Banu discussedsome “visuals” he has been working on that might be simple to use and understandwhen presenting Town and School Department budgets. Mr.Valente observed that simple models tend to leave out detail that Lexington residents want, but if this is requested by the Town Meeting Members Association(TMMA), it would be considered. He added that the School Department budget is extremely complex and includes a lot of fluctuations;and the Townbudgethas some strict reporting requirements that work for control purposes but don’t always help with policy discussions. Mr. Radulescu-Banu will talk further with the TMMA andbegin testing some of his ideas forTown Budget presentations. 3.Minutes: Three sets of Minutes were presented for approval, as follows: 2