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

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April 9, 2018 Adjourned Session of 2018 Annual Town Meeting, cont... Yes No Abstain 137 0 1 9:40 p.m. Presented by Joseph Pato, member, Board of Selectmen. ARTICLE 24:APPROPRIATE TO POST EMPLOYMENT INSURANCE LIABILITY FUND MOTION: That $1,842,895 be appropriated to the town of Lexington Post Employment Insurance Liability Fund, as established by Chapter 317 of the Acts of 2002, and that to meet this appropriation $4,085 be appropriated from Wastewater Fund receipts, $9,089 be appropriated from Water Fund receipts, $750,000 be raised in the tax levy, and $1,079,721 be appropriated from the General Fund unreserved fund balances. 9:40 p.m. Suzanne Barry, Chair, Board of Selectmen, recused herself from discussion and voting. 9:40 p.m. Mr. Pato moved Article 24 and explained the Town's Post Employment Liability (OPEB). He reported the support of the Board in a(4-0)vote with one recusal. 9:41 p.m. Alan Levine, member, Appropriation Committee, reported unanimous support. 9:41 p.m. Charles Lamb, Chair, Capital Expenditures Committee, reported unanimous support. 9:42 p.m. With no questions from the floor, the Moderator called for the vote. 9:43 p.m. Following electronic vote tallying, the Moderator declared Article 24 Adopted on a vote o£ Yes No Abstain 128 2 4 9:43 p.m. Presented by Michelle Ciccolo, member, Board of Selectmen. ARTICLE 26:ESTABLISH, DISSOLVE AND APPROPRIATE TO AND FROM SPECIFIED STABILIZATION FUNDS MOTION: a) That $3,415,331 be appropriated to the Capital Stabilization Fund, and to meet this appropriation $502,085 be appropriated from the General Fund unreserved fund balance, and $2,913,246 be raised from the tax levy. b) That $4,500,000 be appropriated from the Capital Stabilization Fund for projects excluded from the limits of Proposition 2 /z. c) That the Town establish a Visitors Center Capital Stabilization Fund, for the purpose of funding the capital improvements and replacement of the Visitors Center and further that the Town accept paragraph four of Section 5B of Chapter 40 of the Massachusetts General Laws and authorize any grants, gifts, donations and special fees approved by the Board of Selectmen for the Visitor Center capital project (s)be deposited into this fund. d) That the Town establish an Affordable Housing Capital Stabilization Fund, for the purpose of funding affordable/community housing construction, renovation, associated land acquisition or easements, and further, that the Town accept paragraph four of Section 5B of Chapter 40 of the Massachusetts General Laws and that any payments or contributions approved by the Board of Selectmen for such capital purposes be deposited into this fund. e) That the Town establish a Water System Capital Stabilization Fund, for the purpose of funding capital improvements of the water distribution system and that the Town accept paragraph four of Section 5B of Chapter 40 of the Massachusetts General Laws and that any payments made by the Town of Bedford or other municipality or entity approved by the Board of Selectmen for water capital projects be deposited into this fund. f) That the Town dissolve the School Bus Transportation Stabilization Fund, established under Article 39 of the 2007 Annual Town Meeting. g) That the Town dissolve the Avalon Bay School Enrollment Mitigation Stabilization Fund established under Article 20 of the 2011 Annual Town Meeting. 9:43 p.m. Ms. Ciccolo moved Article 26 and explained the appropriation, dissolution and creation of the various stabilization funds; she reported unanimous support of the Board. 9:48 p.m. Charles Lamb, Chair, Capital Expenditures Committee, reported unanimous support. 9:48 p.m. Alan Levine, member, Appropriation Committee, reported unanimous support of the Committee and made brief comments. 9:49 p.m. Eileen Jay, member, School Committee, reported unanimous support for 26(f and g).