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CAPITAL EXPENDITURES COMMITTEE REPORT TO NOVEMBER 13, 2018, STM(2018-1) demand, we all must judge that each project we approve and its timing are both justified and prudent. Normally this Committee would oppose this project because of the absence of a long-term Capital plan and adequate modeling of the financing challenges the Town faces. However, we have been assured there will be a new model that includes this project before the 2019 ATM. Further, as there is need for completing this project by 2024, that requires the construction funding be in FY2020 in that new model. We are assuming the Town will prioritize this project so that will be the case—which may require delaying other large capital projects. While this appropriation is to provide for 100% design and construction document, we expect there will be a cost estimate delivered at the 75% design, a "checkpoint", that will provide confidence in the current $9,372,350 construction cost estimate. Finally, our unanimous support for this appropriation is predicated on cash funding, but not from the Capital Stabilization Fund. ARTICLE 5: Fund APPROPRIATE FOR Authorization Funding Source Committee HOSMER HOUSE Requested Recommends REUSE STUDY $50,000 Cash (see below) Approval (6-0) "To see if the Town will vote to raise and appropriate a sum of money to fund the Hosmer House Building Feasibility Study; determine whether the money shall be provided by the tax levy, by transfer from available funds, by borrowing, or by any combination of these methods; or act in any other manner in relation thereto." "DESCRIPTION: In light of the police station design project being approved in 2017, the Hosmer House will need to be relocated in order for construction of a new police station to move forward. This study will best determine the location (current or off-site) for the Hosmer House, cost to move the building and proposed use of the building." (Town Warrant) The Hosmer House, built in 1841, has been a fixture in Lexington's town center and was used for several Town administrative functions from the 1930s until the building was finally vacated in 2009. In 2010, the Department of Public Facilities commissioned a study performed by Bargmann Hendrie + Archetype to come up with several scenarios for preserving the Hosmer House. At the 2012 ATM, under Article 16(e), $381,000 was appropriated to stabilize the foundation and the exterior envelope of the main house ($232,410) and to demolish the rest of the structure ($148,590). The work was completed in FY2016. The Historic District Commission (HDC) had ruled prior to that ATM that the building could not be moved off the current site (the plot next to the Police Station and bounded on three sides by Massachusetts Avenue, Woburn Street, and Fletcher Avenue) and to outside the Historic District, but was interested in the House being stabilized and discussing possibly moving the House elsewhere on the current site. No further funds have been appropriated to investigate a future role for the Hosmer House. The current design for the new Police Station requires that the Hosmer House be moved and $1,100,000 is included in the latest Police Station construction budget to do that on the same site. 3