Laserfiche WebLink
Breadcrumb Navigation:
<br />09/26/17 AC Minutes <br /> <br />Minutes <br />Town of Lexington Appropriation Committee (AC) <br />September 26, 2017 <br />Place and Time: Parker Room, Town Office Building, 7:30 p.m. <br />Members Present: John Bartenstein, Chair; Alan Levine, Vice-Chair & Secretary; Ellen Basch; <br />Eric Michelson; Richard Neumeier, Andrei Radulescu-Banu; Sanjay <br />Padaki; Jian Helen Yang; Carolyn Kosnoff, Assistant Town Manager, <br />Finance (non-voting, ex officio) <br />Members Absent: Lily Manhua Yan <br />Other Attendees: None <br />The meeting was called to order at 7:35 p.m. <br />1. Announcements <br />Andrei Radulescu-Banu noted that he had met with Kate Colburn and Rod Cole, who reported that <br />both middle schools are completely full with students and that the high school is overcrowded. <br />Carolyn Kosnoff reported that the town accountant had resigned after taking off some time under <br />FMLA. The town is looking for a person with five to seven years of accounting experience to <br />replace her. <br />Carolyn Kosnoff then provided an overview of the new capital financing model and explained that <br />the selectmen had decided that the purchase of property at Bedford Street and Pelham Road would <br />be pulled from the debt exclusion, thus reducing the total amount to be voted on. There was an <br />extended discussion of alternatives one and two under the new capital financing model. Debt costs <br />for the VCenter are not included in the model because it is not anticipated that this project <br />will be funded with excluded debt. <br />Alan Levine distributed a memorandum addressing how the construction of a new Hastings School <br />might be financed within the levy and the impact this would have on the annual operating budget. <br />An extended discussion followed. <br />2. Discussion of Articles for Special Town Meeting No. 2. <br />Article 2.2 Hastings School Construction. A draft report was discussed. The committee voted 7- <br />0-1 to support the requested $63,059,418, which is anticipated to be offset by a grant from the <br />Massachusetts School Building Authority (MSBA) of $16,513,723 for a net cost to the Town of <br />$48,765,695. <br />Article 2.3 Design Funds, LCP, 20 Pelham Road, requests $2.5 million in design, engineering <br />(including demolition and hazardous waste removal) and architectural costs. The Committee voted <br />to recommend approval, 7-0-1. <br />1 <br /> <br /> <br />