2018-09-13-AC-min - Laserfiche WebLink

Browse Search

09/13/2018 AC Minutes • Facts need to justify the $8.0 million, and there needs to be a robust discussion regarding maintenance and maintenance costs, current unmet needs, expected utilization, anticipated revenue from fees, and financial implications. • Lexington, as a member of the Minuteman Tech regional system, will be paying for a portion of these fields as part of its funding agreement with the school. Ms. Battite reported that next steps include making presentations to the BoS and the School Committee. 3. Review of FY2018 Year-End Financial Results: Ms. Kosnoff reported that FY2018 had gone well, with General Fund revenues exceeding budget projections by approximately $6.0 million and expenses, including those encumbered for later payment, being approximately$6.0 million less than projected. The net result is approximately $12.0 million in free cash at the end of FY2018, which is consistent with past years. Ms. Kosnoff noted that she would be making a presentation to the BoS on proposed FY2019 water and sewer rates at its Monday meeting. She agreed to send that report to Mr. Bartenstein. 4. Budget Summits: Ms. Kosnoff reported that staff is currently beginning to build the FY2020 budget, and she is looking to schedule the traditional budget summits. She asked for comments on combining two of the usual fall summits into one. After some discussion about what would be covered and when, there was general support for the concept. 5. 2018 Fall Special Town Meeting (STM)--November 13, 14 and 15: Mr. Bartenstein distributed a list of STM potential articles from the most recent Selectmen's packet. Twelve articles were considered likely for inclusion. Ms. Kosnoff clarified information for three of the twelve, as follows: • The current thinking is that the appropriation request for the Lexington High School science classrooms would be for design expenses, with a request for construction funding expected at the 2019 Annual Town Meeting in the spring. • The appropriation request for the center streetscape project would be for 100% design funds. • Negotiations continue regarding the Belmont Country Club rezoning, an article for which a petition has been submitted. Seven other articles seemed either unlikely for inclusion or inclusion was yet to be determined. Ms. Kosnoff provided additional information on these, as follows: • The Municipal Facility Master Plan, leasing land from the Historical Society, the automatic meter reading project, and the firing range schematic design request are not yet ready for Town Meeting. • There are still questions regarding inclusion of a crematorium at Westview Cemetery. • It isn't known whether there will be a petition for 186 Bedford Street rezoning. • The Conservation Commission is still considering a request to purchase 39 Highland Avenue. It was not yet clear when financial information regarding the articles would be ready. 6. Minutes: A motion was made and seconded to approve the August 2, 2018 minutes, with edits proposed by Mr. Bartenstein and Ms. Kosnoff. The motion passed. VOTE: 8-0 3