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

Browse Search

CAPITAL EXPENDITURES COMMITTEE REPORT TO OCTOBER 16,2017, STMs 2017-2&-3 the debt-exclusion referendum to fund both this Article and Article 4 all pass, the construction process would begin during the winter 2017-18 with a target occupation in summer 2018. As the burdened costs to rent or purchase the temporary structure in which to house the apparatus are almost the same, and that structure may be repurposed for subsequent uses at the site, this Committee supports the purchase rather than rental even if there were a small increase to the project cost. Special Town Meeting (STM) 2017-3 Article 6: ESTABLISH Fund Funding AND APPROPRIATE Authorization Source Committee Recommends TO AND FROM Requested SPECIFIED $200,000 to the King Street Approval (7-0) STABILIZATION Traffic Mitigation Properties Stabilization Fund FUNDS (Only Capital- Related Funds) "To see if the Town will vote to create, amend, rename and/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) Special Education, (e) Center Improvement District, (f)Debt Service, (g) Transportation Management Overlay District, (h) Capital, and (i) Payment in Lieu of Parking, 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." "DESCRIPTION: This article proposes to establish and/or fund Stabilization Funds for specific purposes and to appropriate funds therefrom. Money in those funds may be invested and the interest may then become a part of the particular fund. These funds may later be appropriated for the specific designated purpose, by a two-thirds vote of an Annual or Special Town Meeting, for any lawful purpose." (Town Warrant, 18 Sep 2017) Of the two actions expected under this Article, only the above-cited transfer—which is part of the mitigation payment by that company for Hayden Avenue alterations—is capital-related. Article 7:AMEND Fund Funding REVOLVING FUND Authorization Source Committee Recommends AUTHORIZATION— Requested DPW Compost Increase of Not Applicable Approval (7-0) Revolving Fund $142,000 "To see if the Town will vote to make supplementary authorizations of revolving funds, to be used in conjunction with money authorized under Article 9 of the warrant for the 2017 Annual Town Meeting, to be used during the current fiscal year, or make any other adjustments to the current fiscal year authorizations that may be necessary; or act in any other manner in relation thereto." "DESCRIPTION: This article allows for adjustments to current fiscal year(FY2018)revolving fund authorizations,as approved at the 2017 Annual Town Meeting." (Town Warrant, 18 Sep 2017) The scope of the Solar-Installation project at the Hartwell Avenue Compost Facility included providing a series of storage bins; however, after negotiations with the Project's contractor, these bins were removed 8