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APPROPRIATION COMMITTEE-ATM 20 t 8 Status of Funds and Appropriation Requests The balance of each fund, as of December 31, 2017, the amount recommended for appropriation into each fund, and the amounts proposed to be withdrawn from each fund are listed in the following table. Fund Withdrawal References Current Appropriation Withdrawal Warrant Specified Stabilization Fund Balance Amount Amount Article 12/31/2017 (into fund) Affordable Housing Capital Stabilization Fund $0 Capital Stabilization Fund $28,344,487 $3,415,331 $4,500,000 This article $573,500 Art. 4 Center Improvement District S.F. $61,018 $27,000 Art. 4 Debt Service Stabilization Fund $658,828 $124,057 Art.28 Section 135 Zoning Stabilization Fund $0 Special Education Stabilization Fund $1,095,288 Traffic Mitigation Stabilization Fund $319,488 Transportation Demand Management S.F. $225,264 $141,000 Art. 4 Transportation Management Overlay District S.F. $331,691 $50,000 Art. 16(1) Visitor's Center Capital Stabilization Fund $0 Water System Capital Stabilization Fund $0 All deposits into specified stabilization funds are covered under this article. Withdrawals from these funds are covered under the indicated articles. The requested appropriation under Article 4 from the Center Improvement District Stabilization Fund is intended to fund expenses related to the bike share program in Lexington Center. The Transportation Demand Management/Public Transportation Stabilization Fund was initially created to support the Lexpress bus service. The 2016 Annual Town Meeting extended the purpose of this fund to "supporting the planning and operations of transportation services to serve the needs of town residents and businesses." Under Article 4, this fund will be used to support both Lexpress ($91,000) and the Rev Shuttle ($50,000). The Rev Shuttle runs between Hartwell Ave. and the Alewife MBTA station with an intermediate stop in front of the Depot in Lexington Center. The Rev Shuttle is also funded by fares charged to riders and by annual contributions from Hartwell Ave. businesses. The requested appropriation under Article 16(1) from the TMOD Stabilization Fund is intended to fund an update of the Hartwell Avenue TMOD Traffic Mitigation Plan. This article proposes to appropriate $3,415,331, comprising $532,085 from Free Cash and $2,883,246 from the tax levy, into the Capital Stabilization Fund. This article will also request approval of the with- drawal of$4,500,000 from this Fund to mitigate the increases in exempt taxes that fund projects approved in debt exclusion referenda. The motion under Article 4 will appropriate $573,500 out of this Fund to mitigate the increase in debt service for capital projects financed within the property tax levy limit. As of press time there are no other monies to be transferred into these stabilization funds. However, if any payments are received prior to the vote on this article, those payments would be deposited into special revenue accounts. The motion would then be revised to allow the Town Meeting vote to transfer the mon- ey into the specified stabilization fund from those corresponding special revenue accounts. The Committee recommends approval of this request(9-0). 50