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10/16/2017 AC Minutes <br /> 3. Appropriation Committee's Report to the October 2017 STMs 2017-2 and <br /> 2017-3 <br /> Mr. Padaki added his affirmative vote to approve this Committee's report. <br /> In response to questions about how to translate each excluded debt project into a dollar <br /> amount on the tax bill for the home of median value, Ms. Kosnoff explained that the <br /> amount of debt service for each project from Slide 3 in the finance modeling plan could <br /> be divided by the total amount of debt service on that slide. That percent could be <br /> multiplied by the excluded debt component of the tax bill from Slide 7 for the impact of <br /> each project on the tax bill for the home of median value. She noted that the percentage <br /> would vary from year-to-year and would also vary depending on the amount of <br /> mitigation applied. <br /> 4. Minutes <br /> It was agreed to postpone approval of the October 3 and October 9 minutes until the <br /> October 18 meeting to allow for additional review. <br /> The meeting adjourned at 7:00 p.m. <br /> Respectfully submitted, <br /> Sara Arnold, Recording Secretary <br /> Approved: December 14, 2017 <br /> Exhibits <br /> • Agenda, posted by John Bartenstein, Chair <br /> • Capital Financing Model and Property Tax Mitigation Plan, dated 10/16/17 <br /> 2 <br />