2019-10-24-AC-min - Laserfiche WebLink

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10/24/2019 AC Minutes ➢ Traffic Mitigation Stabilization Fund: It is anticipated that there will be a request to deposit into this fund $280,000 from King Street Properties. ➢ Capital Stabilization Fund (CSF): Last spring the Town deposited about$1.5 million into this fund for future use. Funds are now available for another deposit, but the amount has not yet been finalized. Outstanding issues relate to amounts needed to support the conversion of the street lights to LED lighting, decisions on small adjustments to the FY2020 operating budget, and adjustments of estimates of new growth of the property tax levy. In response to questions, Ms. Kosnoff reported that the TDM Stabilization Fund is used to offset operating costs for Lexpress and The Rev, and most of the funds in the Traffic Mitigation Stabilization Fund came from Hayden Avenue area businesses for traffic improvements for that area. These funds are not available to support Article 9. She noted that State aid is $73,000 more than originally projected, and $400,000 for FY2019 snow and ice removal was not used. These funds are available for new appropriations. A motion was made and seconded to support recommendation of Article 3. The motion passed. VOTE: 8-0 • Article 4—Amend FY2020 Operating, Enterprise, and Community Preservation Act(CPA) Budgets: Ms. Kosnoff reported that operating budget adjustments would be made for hiring a Sustainability Director($47,500), possibly for additional property liability insurance, and the Water and Wastewater Enterprise Fund budgets would be adjusted in light of final MWRA assessments. A motion was made and seconded to support recommendation of Article 4, as discussed. The motion passed. VOTE: 8-0 • Article 8—Appropriate Funding for the Route 4/225 Bedford Street–Hartwell Avenue– Wood Street Transportation Improvement Project(TIP): There was discussion about using bond anticipation notes over five years to fund this project and about tweaking draft material for this Committee's report to the 2019-1 STM. All members of this Committee expressed support for the project. Additional comments included, but were not limited to, the following: ➢ Mr. Levine stressed the importance of getting community input and general acceptance before going too far with the design process, particularly if there is strong community opposition; he supports postponing any Hartwell Avenue rezoning article until after this study is complete. ➢ Ms. Muckenhoupt said the project is long overdue. ➢ Mr. Padaki does not want the funding to impact plans for the CSF. ➢ Mr. Bartenstein suggested that the Hartwell Avenue businesses should help fund it, at least minimally, by using part of any balance in the Transportation Management Overlay District Stabilization Fund that is directed at work in the Hartwell Avenue area. ➢ Mr. Michelson believes that getting community support for changes will be a challenge. ➢ Mr. Nichols noted that it will be necessary for the project team to consider new office space at Hanscom Air Force Base and Lincoln Laboratories. ➢ Mr. Parker noted that there aren't any other viable options. 2