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10/05/2023 AC Minutes 4 preliminary cost estimates. An approximate cost estimate will need to be presented before the debt exclusion referendum. Ms. Kosnoff stated that the rough plan is for a fall 2025 special town meet- ing to vote on construction funding, after which a town-wide debt-exclusion referendum must be held within 90 days, meaning sometime in November or December of 2025. Ms. Kosnoff stated that the long-term capital plan now includes an estimate for the total cost of the high school project from the Director of Public Facilities that has been revised upward to $450 mil- lion. Mr. Parker stated that the next meeting would be in one week on October 12. He also informed the Committee that he had created a document in Wdesk that can serve as a template for the Committee report to the special town meeting. Public Hearings Ms. Kosnoff reminded the committee that public hearings for water and wastewater rates will be held on October 16, along with the tax rate hearing. Final votes to set these rates cannot occur until after the special town meeting concludes, pending approval of changes to the operating and enter- prise fund budgets. Ms. Kosnoff hopes to proceed with these votes directly on the Monday follow- ing the special town meeting. Minutes of Prior Meetings Mr. Parker explained how the minutes were drafted, starting with a computer-generated transcript created from the Zoom recording of the previous meeting. Minutes from the Committee meeting on September 14 were approved by a roll call vote of 6-0. No other minutes for Committee meetings are outstanding. Adjourn The meeting was adjourned by roll call vote at 9:24 p.m. Respectfully submitted, Glenn P. Parker Approved: October 19, 2023 Exhibits ● Agenda, posted by Mr. Parker