2020-10-01-CPC-min - Laserfiche WebLink

Browse Search

FY21 CPA- Budget- Ms. Kosnoff informed the Committee of changes in the FY21 anticipated State Match. The State released guidance recommending a 17.7% estimate for a State Match for fiscal year 2021. The DOR recommended that the Town amend their CPF budget to reflect a 17.7% State Match. At 2020 ATM the Committee budgeted a 27% State Match. Ms. Kosnoff explained that she reached out to the State and believes that a 17.7% estimate is low. From November through June the Registry of Deeds collected approximately$35 million in fees. For the same time period last year the Registry of Deeds collected approximately$16 million.The State is currently collecting over a 100% increase since last year because of the increased filing fees. Ms. Kosnoff believes that there are significant funds to meet the original estimate and her contact at the State feels as if a 25% State Match is a safe estimate. Ms. Kosnoff does not recommend adjusting the originally estimated number. Mr. Langseth asked if the 25% estimate is without a State budget surplus. Ms. Kosnoff said yes, there will be no surplus this year. Mr. Kanter stated that the 25% estimate is for the first round of funding and that Lexington receives additional funding in rounds two and three since the Town imposes a 3% surcharge. Mr. Kanter stated that the Capital Expenditure Committee would be grateful if the CPC supported Ms. Kosnoff recommendation to not amend the original State Match estimate. The Committee agreed not to amend the State Match estimate. Annual Town Report FY20-The Committee discussed the draft submission of the CPC Annual Town Report. Mr. Horton suggested adding the word "approved" to the draft in the first bullet point under "Highlights". The Committee agreed to this change and added the sentence "Town Meeting approved the following amounts" to the draft. After a motion duly made and seconded, it was voted by roll call to approve the draft as amended (9-0). The Committee discussed the photo submission for the Report and decided to take a Zoom snapshot since an in-person photo is not possible. Review CPA Funded Protects-The Committee discussed the spreadsheet "2020 Summer Check In" detailing open CPA funded projects, project status update, and remaining available balance. Mr. Hornig stated that he would like the Committee to consider rescinding appropriations over 10 years old at 2021 Annual Town Meeting. Ms. Federico informed the Committee of LexHAB's request for Article 14k/19 $99,700 "Rehabilitation, Preservation & Restoration of 11 units". Some of the work for individual units came in under budget and some of the work for units came in over budgeted. LexHAB's accountant requested that unspent funds from units that came in under budget be allocated to units that came in over budget. Ms. Kosnoff stated that this request would be allowed as long as the work is within the scope of the original project. After a motion duly made and seconded, the CPC voted (9-0) to support LexHAB's request. Minutes- After a motion duly made and seconded, the minutes from the Public Meeting on 2- 27-20 and 8-5-2020 were approved with minor edits (9-0). The minutes from the Executive 2