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02/15/2017 AC Minutes • Article 4 Appropriate Design Funds for Lexington Children's Place /20 Pelham Road; Funds Requested: $771, 250: Ms. Yang and Ms. Yan questioned the advisability of moving forward on this project at this time, stating that the cost is high and there may be better alternatives. Ms. Yang suggested moving the high school project forward to take advantage of the relatively low interest rates that are currently available. Others discussed the extensive effort that has gone into exploring alternatives over recent years and the importance of moving forward at this time for logistical reasons associated with the timing of a debt exclusion vote and increasing enrollment. A motion was made and seconded to support this article. The motion passed. VOTE: 7 -2 • Article 5 Appropriate Bonds and Notes Premiums to Pay Project Costs: A motion was made and seconded to support this article. The motion passed. VOTE: 9 -0 There was a brief review of assignments for writing the report. 8. Adjourn The Committee adjourned at 9:38 p.m. The documents used at the meeting are listed below. Respectfully submitted, Sara Arnold, Recording Secretary Approved: March 2, 2017 Exhibits • Agenda, posted by John Bartenstein, Chair • Request for Transfer from Reserve Fund dated 2/15/17 4