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

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UPDATES &ERRATA TO CAPITAL EXPENDITURES COMMITTEE REPORT TO 2017 ATM&STM 2017-1 This document provides updates and corrections to the Committee's report. The updates reflect the changes that have come to the Committee's attention as of the publication of this document or revised Committee positions and explanations that were either verbally made to Town Meeting during its deliberations or that are expected still to be presented to the 2017 ATM. (If an update is material to the Committee's position as verbally presented to the Meeting, the change from the original report was or will be identified at the time of that presentation.) Page 1: In the 3rd paragraph, last sentence: Change "different, but our current enrollment is 2,185" to "different;but our enrollment as of October 1, 2016, and submitted to the State, is 2,185". Pages 3 &4: Substitute the first two of the eight attached pages. For Article 10(d), CEC Difference has been removed; Article 10 CPF dollar amounts revised as addressed below (including changes to "Indefinite Postponement" (IP)); Article 18, dollar amount has been added; and for Article 12(k), while total dollar amount is unchanged, it has been divided between two columns.) Page 10, 2nd Bullet: Replace, in its entirety,with: Excluding the many tens of millions of dollars of to-be-determined(TBD) entries, the total in this Committee's Plan for FY2019–FY2022 is almost $116 million. The TBD entries include future construction phases and yet to be determined elements of projects for which there may be additional phases not yet specified or significant unknowns in the cost estimates (e.g., the Lexington Public School Educational Capacity Increase or Center Streetscape Project). In addition, there are several items on the Projects Agenda for which planning does not yet allow reliable estimates, even for peacekeepers (including renovation to the Hosmer House, eventual repurposing of Town-owned unit in the Muzzey Condominiums). Pages 11-13: Substitute the third through fifth of the eight attached pages. In FY2018, CPF dollar amounts have been revised (including changes due to IP); the Visitors Center now has the requested amount—with that footnote text rephrased and updated for an amendment—and an adjusted FY2019 amount; the Parking Lot for Community Center now has the requested amount; and the Community Center Sidewalk's request has now been deferred with a new footnote addressing the amount now being in FY2019. In the out–years, the Police Headquarters Replacement amounts have been increased and the Municipal Technology Program amounts have been corrected. Page 39: a. In the Article 4 quoted text, next-to-last line, after"this goal", add"for the school portion of the facility". b. In the Article 5 header table: (1)Under Funds Requested: Change"$2,315,343"to "$1,948,287". (2)Under Funding Source: Replace its entirety with: Bond Premium net Underwriter's Discount, Issuance Costs, & Set-Aside for Future Appropriation (3) Supplemental text, 2nd paragraph: Change"all the premiums (for both bonds and BANs)" to "all bond premiums". Page 40: In the Article 10 header table,under Funds Requested: Change"$6,775,140"to "7,169,291". Page 41: In sub-Article(d): a. In the header,under Committee Recommends,replace the"TBD"with"Approval(5-0)". b. Replace in its entirety the quoted text with this quoted text: This capital request will allow all 16 units at the Pine Grove Village housing development (located on Judges Road) to remain on the Town's Subsidized Housing Inventory (SHI). The affordable deed restrictions on 11 ownership units are set to expire in 2019 and this funding request enables the Town to purchase those restrictions. Funds 1