2010-08-09-AC-min - Laserfiche WebLink

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August 9, 2010 Minutes Town of Lexington Appropriation Committee August 9, 2010 Place and time: Town Office Building, Room G-15,730 p.m. Members present: Alan Levine (Chair), Glenn Parker (Vice - Chair), John Bartenstein (Vice Chair and Secretary), Mollie Garberg, Susan McLeish, Eric Michelson, Richard Neumeier, Joe Pato, Rob Addelson (ex officio, non - voting) Also present: Charles Lamb, Capital Expenditures Committee The meeting was called to order at 7:30 p.m. 1. Welcome Dick Neumeier. The Committee welcomed its newest member, Dick Neumeier, who was recently appointed for a three -year term, commencing July 1, 2010, to fill one of two vacancies on the committee. 2. Building Rental Revolving Fund. Rob Addelson made a brief presentation on the proposal of the Public Facilities Department to increase the spending limit for the FY2010 Building Rental Revolving Fund from the $275,000 limit approved at the 2009 Annual Town Meeting by $32,000 to $307,000, and circulated a supporting handout. Limits set at Town Meeting may be increased by the combined action of the Board of Selectmen and the Appropriation Committee. Rob explained that the additional funds requested were needed to cover unexpectedly high overtime costs for maintenance and upkeep resulting from the rental of school buildings and other facilities in June; that the fund's receipts for the year, $349,821, were more than adequate to cover the requested spending; that the fund began the fiscal year with a carryover balance of about $40,000; and that with the requested spending increase there should be a carryover balance of about $82,000 at the end of FY2010. The committee voted unanimously (8 -0) to support the requested increase. 3. Election of Officers. The committee voted unanimously to elect the following officers for FY2011: Glenn Parker, Chair; John Bartenstein, Vice -Chair and Secretary; and Joe Pato, Vice - Chair. 4. Proposed Street Light Replacement. Rob Addelson made a presentation on a proposal recently advanced by the DPW and the Town's Lighting Options Committee to undertake the replacement of the bulbs and related fixtures in virtually all of the Town's street lights with energy efficient bulbs and better - shielded fixtures. There is some urgency because NSTAR has imposed a December 1, 2010 deadline for completion of the entire project as a condition of participating in a rebate program that would fund $237,724 of the project's anticipated cost of approximately $930,500. It is projected that the replacement would reduce the Town's annual electricity costs for streetlights from the existing level of $286,000 to $96,200, a savings of approximately $190,000 per year. With the NSTAR rebate, the payback period would be about 3.6 years. -1-