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������� <br /> ���� ��..;�^ <br /> � <br /> ��' ...... <br /> �� �N <br /> � <br /> � �' �l <br /> �� I� � ����u <br /> � .. ;��, � <br /> ry ,�, <br /> �l� '� � " � <br /> ��; <br /> .�� ��,i �� I <br /> uu �' <br /> ,TM"'.,ii I ;��W J �� , <br /> � ., w��tP�i �, <br /> �«�M�I�P��"p� ,�r�`� ��"��"�����'� <br /> � <br /> °''`��.������.��,��>*.;�' <br /> ��,W�� � �uu����p ir� <br /> �������_�. <br /> ��- N�^���wunu�ir�,u..u��. <br /> • <br /> Town o L exzn ton <br /> g <br /> Town Manager's Of f ice <br /> James J. Malloy, Town Manager Tel: (781) 698-4540 <br /> Kelly E. Axtell, Deputy Town Manager Fax: (781) 861-2921 <br /> MEMORANDUM <br /> TO: Select Board <br /> FROM: Jim Malloy, Town Manager <br /> DATE: February 9, 2024 <br /> RE: Weekly Update <br /> The following is an update of activities for the week ending February 9, 2024: <br /> Town Mana�er Updates: <br /> • Last week, the Town staff inet With Moody's on our bond rating and earlier this Week, they <br /> announced the Town retained its Aaa bond rating. The Town issued bonds this week and the rate <br /> on the bonds was just under 2.26% (see attached) with Bancroft Capital LLC being the low bidder. <br /> Attached is both the press release on the bond rating and the Credit Opinion, both of which are <br /> good to read as they demonstrate the strong local economy and strong �scal management of the <br /> Town. <br /> • At the last Board meeting discussion on ARPA funding, the Board had asked about the hybrid <br /> meeting room proj ect and whether funds were included for the library meeting room. Attached is <br /> the list of rooms that were approved for the proj ect, which includes $143,417 for the library <br /> meeting room. After removing the requests that the Select Board did not approve, the balance <br /> going forward is $899,974. The next quarterly request cycle will be scheduled for the 4/1/24 Select <br /> Board meeting (the last tWo cycles will be 7/8/24 and 11/4/24). After the 11/4/24 meeting, We will <br /> work to identify any unspent funds or requests that will not be under contract by 12/31/24 and Will <br /> provide a recommendation to the Select Board on any remaining balance (likely in mid-December). <br /> The following table shows the distribution of funds through the 2/5/24 Select Board meeting: <br /> Cate�or_y � Approve d % of Total <br /> Economic Stimulus &Resiliency $ 3,280,103 36.4% <br /> Food Insecurity $ 200,000 2.2% <br /> Housing $ 1,479,23 5 16.4% <br /> Pandemic $ 1,189,877 13.2% <br /> PIRs $ 521,000 0.0% <br /> Public Health& Safety $ 2,333,192 25.9% <br /> 1625 MASSACHUSETTS AVENUE�LEXINGTON,MASSACHUSETTS 02420 <br />