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CAPITAL EXPENDITURES COMMITTEE REPORT TO APRIL 25,2016, STM 2016-4 Article 4:AMEND Fund GENERAL BYLAWS— Authorization Funding Source Committee Recommends CAPITAL Requested EXPENDITURES None N/A Approval(4-0) COMITTEE "To see if the Town will vote to amend Section 29-12 of Chapter 29 (Committees) of the Code of the Town of Lexington to allow for an increase in the number of appointees to the Capital Expenditures Committee, or act in any other manner in relation thereto." "DESCRIPTION: This article would provide the Moderator with the flexibility to increase the number of appointees to the Capital Expenditures Committee. A potential increase in the size of the Committee, at the discretion of the Moderator, is currently necessitated by the greater number of complex capital projects contemplated by the Town, and will help insure that the Committee has the capacity to meet the increased demand for review and analysis of those projects." [Town Warrant for 2016-4] Currently, Lexington's By-Laws limit the CEC membership to five members. Passage of this Article would allow the Moderator to appoint as many as two additional members. The current number of existing and proposed major capital projects facing the town and the increasing scope and complexity of the ongoing annual capital budget mean a four- to five-month, intensive, work cycle for the committee. Increasing the membership allows adjustment of the workload of each member preserving the possibility of participation on the CEC by a cross section of residents who may balance family, volunteer, and professional commitments. Article 5: PURCHASE OF Fund Funding BELMONT COUNTRY Authorization Source Committee Recommends CLUB LAND Requested To Be Determined To Be Determined Pending To see if the Town will vote to exercise the Town's right of first refusal pursuant to G.L. c. 61B to purchase or otherwise acquire for municipal purposes a portion of the parcel of land shown as Lot 2A on Assessors' Map 1 and owned by The Belmont Country Club, Inc.; appropriate a sum of money therefore and determine whether the money shall be provided by the tax levy,by transfer from available funds,including Community Preservation Act funds,by borrowing, or by any combination of these methods; or act in any other manner in relation thereto." "DESCRIPTION: The land referred to in this article is the subject of a purchase and sale agreement between the Belmont Country Club as owner and the Montessori school as purchaser. Because this parcel has received favorable property tax status, known as Chapter 61B, the Town has a right of first refusal to purchase it for the same amount negotiated by the Montessori School." [Town Warrant for 2016-4] At the time of this report, the Board of Selectmen's position regarding whether to exercise that right and proceed with the purchase has not been made public. As this Committee (without Ms. Hai who has recused herself from this matter) considers knowing that position is important to its own deliberations, it has taken no position at the time of this report. It is understood that presentation of this Article has been postponed to a session of this STM not earlier than May 9, 2016. When sufficient information has been made available, a position on this Article will be taken and then reported to this STM. 2