2016-09-21-CEC-STM5-rpt - Laserfiche WebLink

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CAPITAL EXPENDITURES COMMITTEE REPORT TO SEPTEMBER 21, 2016, STM 2016 -5 that the existing building be renovated and expanded. In the subsequent six years, the force and its equipment, evidence - retention requirements, dispatch, and technology have all grown. The space required to conduct those expanded operations as well as to create welcoming space, encouraging open and positive relationships between the community and the police, was not included in the allocations considered in the prior reports. In 2013, the Ad Hoc Town -wide Facilities Master Planning Committee issued its final report, recommending that the current Police Station be replaced with a new facility, and recommended the Town "Review sites, including a Bedford Street site, as well as review of options at the current site." This request would fund an update to the space -needs studies done in the past as well as an analysis of where best to fit those needs. The deliverables under this effort would provide conceptual designs and estimates. The funding would be available from the now - projected revenue in excess of that in the FY2017 budget as approved at the 2016 ATM. (See the discussion under Article 7 for details of that revenue increase and all of the proposed uses of it.) Article 6: AMEND FY2017 OPERATING, ENTERPRISE FUND AND COMMUNITY PRESERVATION BUDGETS Fund Authorization Requested Funding Source Committee Recommends $40,000 CPF (Undesignated Fund Balance) Approval (5 -0) "To see if the Town will vote to make supplementary appropriations, to be used in conjunction with money appropriated under Articles 4, 5 and 8 of the warrant for the 2016 Annual Town Meeting, to be used during the current fiscal year, or make any other adjustments to the current fiscal year budgets and appropriations that may be necessary; to determine whether the money shall be provided by the tax levy, by transfer from available funds, from Community Preservation funds or by any combination of these methods; or act in any other manner in relation thereto." "DESCRIPTION: This article allows an adjustment to the current fiscal year (FY2017) appropriations as approved at the 2016 Annual Town Meeting." [Town Warrant] Of the actions expected in the Motion under this Article, there is only one on which this Committee reports: The Community Preservation Budget. That would be to appropriate the requested, additional, sum to the Community Preservation Fund (CPF) debt service in order to retire the $40,000 bond anticipation note (BAN) issued in June for short-term financing of the Community Center project. The BAN is due in February 2017, and because there is enough cash available in the CPF, the BAN can be retired then rather than being converted to a longer -term Note (with the attendant interest expense over its life). Under Article 8(p) of the 2016 ATM, $3,289,721 was appropriated for FY2017 CPF Debt Service; approval of this Article 6 would raise the total to $3,329,721 which also includes the funds needed to pay the $548.89 interest due on the retiring of the BAN. Article 7: ESTABLISH AND APPROPRIATE TO AND FROM SPECIFIED STABILIZATION FUNDS Fund Authorization Requested Funding Source Committee Recommends $1,878,771 GF (Cash) Approval (4 -0) "To see if the Town will vote to create, amend, rename and/or appropriate sums of money to and from Stabilization Funds in accordance with Section 5B of Chapter 40 of the Massachusetts General Laws for the 8