2009-03-25-CPC-min - Laserfiche WebLink

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2.Paying for the Leary land, Bonding vs. Cash - The Committee discussed the options of paying cash or bonding the Leary purchase. Mr. McSweeney made the argument that since the CPC had the funds, the purchase should be paid in cash. The Committee discussed the fact that with rates low at the moment, the Town might actually make money on the bonding in future years. Mr. Lamb objected to this possibility, stating that the Town was not in the business of arbitrage, and felt that the Town would not make money through bonding. After further discussion, Mr. McSweeney made a motion that the CPC pay cash for the Leary land. The motion was seconded and unanimously passed. 3.Update on the Pine Meadows Project Relative to Questions about the Enterprise Fund – Ms. Shaw updated the Committee on the Pine Meadows project, and specifically addressed questions that had arisen about the use of the Enterprise Fund to pay for drainage improvements at the golf course. She reported to the Committee that most recreation projects undertaken by the Recreation Department are not CPA eligible. She said the Rec. Department also pays for insurance, staff salaries, etc., and that the Fund has been decreasing over the years. She noted that there would be an upcoming presentation on the Enterprise Fund to educate Town Meeting members and the public about the Fund. Ms. Krieger asked Ms. Shaw if the Rec. Department would have to go to the Town if it was unable to have the Pine Meadows project funded by the CPC, to which Ms. Shaw replied affirmatively. Mr. Lamb, Chairman of the CEC, said he was opposed to the Pine Meadows project, but that his Committee had voted 4-1 in support. He questioned Ms. Shaw about whether the project was beneficial to other wetland resources surrounding the golf course. Ms. Shaw replied that the drainage work proposed at the golf course was designed to be beneficial to the surrounding wetlands. The dredging of the pond, she explained, would increase flood storage for the larger watershed, thereby reducing impacts of flooding. Mr. Cohen reminded the Committee that the golf course is a significant “money maker” for the Town. 4.Final Discussion of Projects for Public Hearing – Ms. Weiss asked for a updates on remaining projects which would be discussed at the CPC upcoming hearing scheduled for the following night. Mr. Valente updated the Committee on the progress of the Stone Building, for which the present request was $180,000. Mr. Valente said this would include the initial completion of an Historic Structures Report, which would come in at approximately $50,000. Based upon the results of the report, he said steps would be taken to protect the building using the additional monies in the appropriation. Such repairs might include repairing windows, siding or roofing, in order to keep 2