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youth lacrosse. An increased number of fields will help reduce the amount of denied hours each year. Ms. Battite explained that Minuteman is responsible for overseeing maintenance but the costs will be shared. Ms. Fenollosa asked Ms. Kosnoff how the Committee would pay for the IMA. Ms. Kosnoff explained that $8.5 million would be a challenge and that she does not recommend that Committee take on that amount of debt since 50% or more of new CPF income is already earmarked for debt service for the next 3 years. Mr. Pressman referenced a recent briefing by the Town Manager that discussed the life of certain elements of the IMA. Ms. Battite explained that 10-12 years would be the life of the bond, 25 years is the maximum legal length of time for an IMA, and 50 years would be the term of the lease agreement on the land. Mr. Pressman asked about CPA eligibility. Ms. Battite stated that Town Counsel is still reviewing the eligibility of the project but preliminary data shows that most of the project is eligible. Mr. Hornig commented that during the first presentation on 11-8-18 the CPC requested a term sheet or a sheet with a cost breakdown. Ms. Battite stated that a term sheet is not yet available and that right now all they have is a draft of the $20.5 million total project cost detailing Lexington's share and Minuteman's share. Mr. Hornig then followed up with a question about the business arrangement. Ms. Battite said that the arrangement is still being reviewed by Town Counsel and then the Town Manager will review it before it is submitted to Minuteman. Ms. Battite stated that both legal counsels believe that the agreement will be ready before Town Meeting. Ms. Fenollosa stated that the CPC cannot wait until March to decide on the project and that appropriating money to this project will affect the rest of the projects requesting funding. Ms. Battite stated that the $8.5 million project request has been unchanged and that they are presenting the entire amount and requesting that some or all of it be considered and supported. Ms. Fenollosa stated that the CPC does not have the funding ability to appropriate $8.5 million to the IMA. Ms. Walker stated that typically large projects have a breakdown between CPA and tax levy funding and that since the project was not presented this way it would be hard for the CPC to determine how much to appropriate. Mr. Wolk asked whether the project as drawn is permitted by the Conservation Commission, because according to the drawing a portion of the complex is in wetlands. Ms. Battite stated that Conservation did attend a Design Review Team (DRT) and it was discussed that a road does abut conservation land. Mr. Hamilton stated that a permit was granted for the road and he is not certain if other permits have been granted or denied. Ms. Krieger stated that the Committee is being asked to consider$8.5 million for 25 years of access of fields that we need but only can be used on nights and weekends. Ms. Fenollosa asked Ms. Kosnoff how much she would recommend that the CPC bond and what would the Committee be able to do if the CPA tax surcharge were reduced to 1%. Ms. Kosnoff stated that she would recommend borrowing $4 million at the most and if the surcharge was reduced to 1%the Committee would not be able to fund any future projects. Mr. Hornig suggested that a policy be put in place stating that the debt incurred on CPC projects should not exceed 50% of annual revenues. 2