2017-04-21-CEC-ATM-STM1-rpt (Errata)

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CAPITAL EXPENDITURES COMMITTEE REPORT TO 2017 ATM&STM 2017-1 (with Updates&Errata) Appendix A: Information on the Town's Current Specified Stabilization Funds Review of Lexington's Specified Stabilization Funds for Applicability to the Lexington Capital Expenditures Committee's Reports to a Lexington Town Meeting Town Warrant,Town of Lexington,for 2017 Annual Town Meeting on 20 Mar 2017,signed 30 Jan 2017 Article 24:ESTABLISH AND APPROPRIATE TO AND FROM SPECIFIED STABILIZATION FUNDS "To see if the Town will vote to create, rename 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 purposes of:(a)Section 135 Zoning By-Law, (b)Traffic Mitigation, (c)Transportation Demand Management/Public Transportation, (d)School Bus Transportation,(e)Special Education,(f)Center Improvement District; (g)Debt Service, (h)Transportation Management Overlay District, (i)Capital; (j) Payment in Lieu of Parking;and (k)Avalon Bay School Enrollment Mitigation Fund and determine whether the money shall be provided by the tax levy, by transfer from available funds, or by any combination of these methods;or act in any other manner in relation thereto." Warrant Town Meeting(ATM=Annual;STM=Special) Capital Sequence Name Created Purpose Related (a) Section 135 Zoning By-Law 2007 ATM,Art 39 "for the purpose of financing public Yes improvements pursuant to Section 135 of the Code of Lexington" (b) Traffic Mitigation 2007 ATM,Art 39 "for the purpose of financing traffic mitigation Yes projects pursuant to conditions of special permits issue by the Town (c) Transportation Demand 2007 ATM,Art 39,& "for the purpose of supporting the planning No Management/Public repurposed under and operations of transportation services to Transportation 2016 ATM,Art 21b serve the needs of town residents and (d) School Bus Transportation 2007 ATM,Art 39 "for the purpose of supporting transportation No of students to and from school on a daily basis" (e) Special Education 2008 ATM,Art 24 None stated when created,but Appropriation No Committee Report to that Town Meeting says "for setting aside reserves to help cover unexpected out-of-district Special Education expenses that exceed budget" (f) Center Improvement District 2009 ATM,Art 25 "to fund needed improvements in Lexington Yes Center" (some actions) (g) Debt Service 2009 ATM,Art 26 "for the purpose of paying a portion of the debt Yes service on certain outstanding bonds of the Town issued for the purpose of the Diamond Middle School,Clarke Middle School and High School construction projects" (h) Transportation Management 2011 ATM,Art 20 "for the purpose of financing transportation Yes Overlay District infrastructure improvements per Section 135- 43C of the Code of the Town of Lexington" (i) Capital 2012 STM 19 Nov, Originally name"Capital Projects/Debt Service Yes Art 3,&renamed Reserve/Building Renewal Fund";purposes under 2015 ATM, remained the same when renamed Art 26e (j) Payment in Lieu of Parking Being Proposed "for the purpose of management,construction Yes under 2017 ATM, and acquisition of public parking and related (some Art 24 improvements,including bicycle and pedestrian actions) accommodations serving Lexington" (k) Avalon Bay School Enrollment 2011 ATM,Art 20 "to mitigate the cost of students attending the No Mitigation Fund Lexington Public Schools who reside at Avalon Bay" Note:The School Bus Transportation and Avalon Bay School Enrollment Mitigation Stabilization Funds had their small residual balances(less than$50 each)applied under Article 4,FY2018 Operating Budget,and then became inactive. Prepared 2 Apr 2017 A-1 Revised