2017-10-09-AC-min - Laserfiche WebLink

Browse Search

10/09/17 AC Minutes Minutes Town of Lexington Appropriation Committee (AC) October 9, 2017 Place and Time: Parker Room, Town Office Building, 7:30 p.m. Members Present: John Bartenstein, Chair; Alan Levine, Vice -Chair & Secretary; Ellen Basch; Eric Michelson; Richard Neumeier, Andrei Radulescu-Banu; Lily Manhua Yan; Jian Helen Yang; Carolyn Kosnoff, Assistant Town Manager, Finance (non-voting, ex officio) Members Absent: Sanjay Padaki Other Attendees: None The meeting was called to order at 7:35 p.m. 1. Announcements No announcements 2. Discussion of Articles for Special Town Meeting No. 2. No discussions 3. Discussion of Articles for Special Town Meeting No. 3 Article 3.8, Design Funds for Visitors Center — It was clarified that, as per its latest discussion of this article, the Board of Selectmen is not interested in pursuing a suggestion made by the Permanent Building Committee to re-enter the Schematic Design stage prior to the Special Town Meeting. Article 3.12, CPA Projects — LexHab has advised that it has decided not to go forward at this time with its request under Article 3.12 for additional funding for its Lowell St affordable housing project, but does intend to bring it back at the Annual Town Meeting in the spring. LexHAB also will be working on a revised per-unit cost, that takes into consideration the municipal procurement rules, to be used by the Planning Board and Board of Selectmen when they negotiate with developers for affordable housing mitigation. The Community Preservation Committee has not yet been able to vote on the Adams St. land purchase because the property appraisal has not been completed. The Community Preservation Act does not allow the expenditure of CPA funds to acquire land in excess of the land's appraised value. It is likely that the developer who is the current landowner will want to recover its cost to demolish the house and part or all of its potential profits, placing the cost of the purchase higher than the appraised price. Selectman Kelley has proposed to the CPC the option of soliciting contributions from private entities for the difference. If more information is available by the next Appropriation Committee meeting on 10/16, it may be possible to have a discussion and vote.