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 will also allow the Town to acquire five rental units (to be subsequently conveyed to the Lexington Housing Authority) and provide renovation funds for those five acquired units. c. Replace in its entirety the supplemental text("At the time...Pine Grove Village.")with: To achieve those purposes, this is the application of the requested funds: Application of Requested Funds Purpose Amount Payments to Existing Co-op Owners for New Affordable-Housing Restrictions $703,687 Purchase by the Town of 5 Rental Units $4,875 Renovation of those 5 Rental Units $323,438 Legal and Ancillary Expenses of the Town Related to this Transaction $16,000 TOTAL $1,048,000 Page 42: a. In sub-Article(g), header table,under Amount Requested: Change"$37,900"to "$87,701". b. In sub-Article(h): (1) In the header table: (a)Under Amount Requested: Change"$25,000"to "N/A". (b)Under Funding Source: Change"CPF (Cash)"to "N/A". (c) Under Committee Recommends: Change "Approval (5-0)" to "Approval of Indefinite Postponement(5-0). (2) Add as supplemental text: "The Board of Selectmen has proposed to accomplish this study, instead,with a committee of citizens.". c. In sub-Article(i), (1) In the header table (a) Under Project Description: After "Restoration", add "and Handicapped Access Improvements". (b)Under Amount Requested: Change"$620,000"to "$675,000". Page 43: a. In sub-Article(k): (1). In the header: (a)Under Amount Requested: Change"$220,000"to "N/A". (b)Under Funding Source: Change"CPF (Cash)"to "N/A". (c) Committee Recommends: Change "Approval (5-0)" to "Approval of Indefinite Postponement(5-0)". (2) Replace the supplemental text("While that...this sub-Article.") in its entirety with: The Trustees of the Supreme Council of the Ancient Accepted Scottish Rite of Free Masonry—which organization owns the roadway right-of-way between Marrett Road and the Lexington Community Center—has agreed to have the new sidewalk be re-aligned to be adjacent to the roadway. The Town considers that a preferred location. DPW's Engineering is re-designing the proposed sidewalk to that alignment. A funding request for the construction is expected to come before a future Town Meeting. b. In sub-Article(m): In the header under Amount Requested: Change "$1,620,000" to "$2,154,350". 2