2017-10-16-AC-STM2-STM3-rpt - Laserfiche WebLink

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APPROPRIATION COMMITTEE SPECIAL TOWN MEETINGS 2017-2&3 OCTOBER 10,2017 Architects and the current total project cost estimate is $2,190,000, of which $50,000 in design funds has previously been appropriated, leaving a total of $2,140,000 requested for the bidding and construction phases of the project. The estimate includes a—10% contingency. The approval of this funding request will allow the issuance of the construction documents for bid with an anticipated completion around the end of May 2018. It is anticipated that this appropriation request will be contingent on approval of the exclusion of debt ser- vice for the project at a referendum in late November or early December. The debt exclusion authority would cover the previous and present requests for design funds, which will be financed in the interim by short-term,interest-only bond anticipation notes (BANs), as well as the expenses for subsequent phases of the project including the costs of swing space. In the event that a debt exclusion for the fire station is not approved by voters this fall or in the next year or two,the fire station replacement will not proceed,the debt approved under this article would not be incurred, and the debt service for the previously approved$50,000 for design work would be funded from the non-exempt tax levy. In that case the Fire Headquarters would continue to work in the current facility. This Committee agrees that it is important for the town to proceed with this project in order to allow the personnel of the Fire Department to have an interim facility from which they can efficiently carry out their responsibilities while the main Fire Station is constructed. The Committee recommends approval of this request(9-0-0). 14