2011-01-13-AC-min - Laserfiche WebLink

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January 13, 2011 Minutes Town of Lexington Appropriation Committee January 13, 2011 Place and time: Cary Memorial Hall, 7:30 p.m. Members present: Glenn Parker (Chair), Joe Pato (Vice Chair), John Bartenstein (Vice Chair and Secretary), Robert Cohen, Mollie Garberg, Alan Levine, Susan McLeish, Eric Michelson, Richard Neumeier, and Rob Addelson (ex officio, non - voting) Also present: Carl Valente, Town Manager; Joe Nugent, Town Assessor; members of the Board of Assessors; members of the Town Assessor's staff, and numerous other attendees The meeting was called to order at 7:37 p.m. The entire meeting was devoted to a discussion of the commercial assessment process. Steven R. Foster, Senior Vice President and Co -Head of Valuation and Consulting Services of Lincoln Property Company and a former member of the Lexington Board of Assessors, made a presentation to the Committee, as well as to interested Town Meeting Members and members of the public, entitled "An Overview of the Commercial and Industrial Property Assessment Process." Mr. Foster distributed a 46 -page handout containing a comprehensive set of the slides used in his presentation. Following his approximately hour -long presentation, Mr. Foster, as well as the Town Assessor and members of his staff, answered a number of questions posed by members of the Committee and by other attendees for an additional hour. The meeting was adjourned at 10:02 p.m. A list of documents and other exhibits used at the meeting is attached. Respectfully submitted, John Bartenstein Approved February 9, 2011 -1-