2018-03-26-ATM-min - Laserfiche WebLink

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April 4, 2018 Adjourned Session of the 2018 Annual Town Meeting, cont... 8:26 p.m. Presented by Marilyn Fenollosa, Pct. 5, Chair, Community Preservation Committee. ARTICLE 10 :APPROPRIATE THE FY2019 COMMUNITY PRESERVATION COMMITTEE OPERATING BUDGET AND CPA PROJECTS MOTION: That the Town hear and act on the report of the Community Preservation Committee on the FY2019 Community Preservation budget and, pursuant to the recommendations of the Community Preservation Committee, take the following actions: That the Town reserve for appropriation the following amounts from estimated FY2019 receipts as recommended by the Community Preservation Committee: 1. $551,400 for the acquisition, creation and preservation of open space; 2. $551,400 for the acquisition,preservation, rehabilitation and restoration of historic resources; 3. $551,400 for the acquisition, creation,preservation and support of community housing; and 4. $3,859,800 to the Unbudgeted Reserve. And further, that the Town make appropriations from the Community Preservation Fund and other sources as follows: a) That this item be indefinitely postponed; b) That$365,000 be appropriated for the Community Center Sidewalk, and to meet this appropriation $365,000 be appropriated from the Historic Resources Reserve of the Community Preservation Fund; c) That$20,000 be appropriated for Archives & Records Management and Records Conservation& Preservation, and to meet this appropriation $20,000 be appropriated from the Historic Resources Reserve of the Community Preservation Fund; d) That$200,000 be appropriated for the Renovation and Adaptive Re-Use of 9 Oakland Street, and to meet this appropriation $200,000 be appropriated from the Historic Resources Reserve of the Community Preservation Fund; e) That$100,000 be appropriated for Public Grounds Irrigation Improvements, and to meet this appropriation $40,000 be appropriated from the Unbudgeted Reserve of the Community Preservation Fund and $60,000 be appropriated from the General Fund unreserved fund balance; f) That$302,000 be appropriated for Playground Replacement Program- Bowman School, and to meet this appropriation $302,000 be appropriated from the Unbudgeted Reserve of the Community Preservation Fund; g) That$975,000 be appropriated for Athletic Facility Lighting, and to meet this appropriation $975,000 be appropriated from the Unbudgeted Reserve of the Community Preservation Fund; h) That$3,340,000 be appropriated for the Center Track and Field Reconstruction, and to meet this appropriation the Treasurer,with the approval of the Board of Selectmen, is authorized to borrow $3,340,000 under M.G.L. Chapter 44, Section 7 as amended or under M.G.L. Chapter 44B, as amended, or any other enabling authority. Any premium received by the Town upon the sale of any bonds or notes approved by this vote, less any such premium applied to the payment of the costs of issuance of such bonds or notes, may be applied to the payment of costs approved by this vote in accordance with Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount; i) That$75,000 be appropriated for the Old Reservoir Bathhouse Design, and to meet this appropriation $75,000 be appropriated from the Unbudgeted Reserve of the Community Preservation Fund; j) That$1,400,000 be appropriated for Lowell Street/Farmview Affordable Housing Supplemental Funds, and to meet this appropriation $600,000 be appropriated from the Community Housing Reserve of the Community Preservation Fund and $800,000 be appropriated from the Undesignated Fund Balance of the Community Preservation Fund; k) That$2,314,516 be appropriated for CPA Debt Service and related costs and to meet this appropriation $380,550 be appropriated from the Open Space Reserve of the Community Preservation Fund, $400,000 be appropriated from the Historic Resources Reserve of the Community Preservation Fund and $1,533,966 be appropriated from the Unbudgeted Reserve of the Community Preservation Fund; and 1) That$150,000 be appropriated for the Administrative Expenses and all other necessary and proper expenses of the Community Preservation Committee for FY2019 and to meet this appropriation $150,000 be appropriated from the Unbudgeted Reserve of the Community Preservation Fund. 8:29 p.m. Ms. Fenollosa briefly reviewed each project, and moved Article 10. 8:30 p.m. The Moderator called for a vote on sections 1-4. Motion Adopted. 8:30 p.m. John Bartenstein, Chair, Appropriation Committee, reported unanimous support of the Committee and commented on the fact that the State Match had just been reported lower than anticipated, thus resulting in the appropriations in items 1-4 being higher than necessary. He said this was of no consequence, however, and any overages were accounted for at the end of the year. The Capital Expenditures Committee reported no comment. 8:34 p.m. Article 100): Lowell Street/Farmview Affordable Housing Supplemental Funds, $1,400,000 - The Moderator called on Ms. Fenollosa who asked to have Lester Savage, member of the Board of LexHAB recognized. Mr. Savage, Bob Burbridge, LexHAB Co-Chair, Robert Phelan, LexHAB Board member, and architect Collin Smith of Colin Smith Architecture, presented the request for supplemental funding for six units of affordable housing at the former Busa Farm on Lowell Street.