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03/02/2017 AC Minutes 4. Report to the 2017 ATM and STM -1 ATM and STM Articles were discussed as follows: • STM Article 4: Appropriate Design Funds for Lexington Children's Place (LCP) /20 Pelham Road: Ms. Kosnoff reported that the funding request for this article is being reduced to $581,500, to be used for developing LCP designs, as described in the article. Funding for designing the Lexington Community Center side of the facility will come from FY2017 appropriations (some left over; some to be repurposed) and funds to be included in ATM Article 16 (e): Appropriate for Public Facilities Capital Projects; Public Facilities Bid Documents. It was noted that the BoS expect to present a debt exclusion referendum to the voters in the fall of 2017 for $103,936,800. It will include funding requests for the purchase of 20 Pelham Road and renovations for the 20 Pelham Road building to accommodate the LCP and additional space for the Lexington Community Center, as well as construction of a new Hastings Elementary School; the purchase of 171 Bedford Street; renovations at 171 Bedford Street for Fire Headquarters swing space; and construction of a new Fire Headquarters building. Ms. Yang expressed her opposition to this article. In her opinion, the renovations are too expensive; a new building would have a longer life span than a renovated building; and alternatives should be pursued. A motion was made and seconded to support STM Article 4 with the reduced appropriation amount. The motion passed. VOTE: 7 -2 • ATM Article 30: Adjust Retirement COLA Base for Retirees: Mr. Bartenstein reported that the BoS is interested in this Committee's recommendation regarding this article. Using a handout, he reviewed background information and the FY2017 to FY2048 financial impacts associated with increasing the base from $13,000 to $14,000. Mr. Bartenstein noted that the Town Manager negotiates with staff by looking at the entire compensation package and evaluating how it compares with other comparable towns. It was generally agreed that this Committee would provide data to inform the BoS of the financial impacts. Mr. Bartenstein will invite Bob Cunha, Chair of the Retirement Board, to attend next week's meeting. • ATM Article 8: Accept PEG Access and Cable Related Funds: Ms. Basch briefly summarized the article. A motion was made and seconded to support Article 8. The motion passed. VOTE: 9 -0 • ATM Article 9: Establish and Continue Department Revolving funds and Special Revenue Fund: Ms. Basch briefly summarized the article. A motion was made and seconded to support Article 8. The motion passed. VOTE: 9 -0 5. Adjourn The Committee adjourned at 10:00 p.m. The documents used at the meeting are listed below. Respectfully submitted, Sara Arnold, Recording Secretary Approved: March 9, 2017 2