2010-12-06-AC-min - Laserfiche WebLink

Browse Search

December 6, 2010 further shortfalls in State Aid from free cash or the stabilization fund if necessary. • Debt Service /Capital Stabilization Fund. Carl proposed establishing this fund to pay for capital needs. It would be funded from anticipated excess one -time sources of funds. However the fund's projected size would only be able to fund a small percentage of the Town's huge anticipated capital investment and facilities maintenance needs. The minor impact that such a fund would have limited its support among the meeting. The items for the next summit will include the revenue split, Estabrook School plans, and a discussion of planned renovations for the Bridge and Bowman Schools. 4. Estabrook PCB Remediation Update. The results of the latest round of testing (Round 9) were very favorable. Testing will continue. The Emergency SOI has been submitted. 5. Bridge and Bowman Renovations. The School Committee recently voted 5- 0 to request an additional $285K at the 2011 Annual Town Meeting to supplement an appropriation from the 2010 Annual Town Meeting that was to provide design specs to renovate the Bridge and Bowman elementary schools. This will fund an expanded scope of work that will extend the building lives by 20 -25 years. Additional improvements would include updated HVAC and electrical systems, increased classroom space, security improvements and sprinklers. As a side note, the committee asked for an update on the status of the LHS "green project ". 6. Tax Setting /CIP Shift. Rob Addelson reported that the Selectmen recently set the tax rate for FY2011 and voted to keep the CIP factor at 1.7. 7. Minuteman High School Capital Renovations. Eric Michelson reported on a meeting he attended of district municipal officials at the Minuteman High School on 11/17/10. Dr Bouquillon presented a review of Part 1 of the Feasibility Study; the Enrollment Study; the Strategic Plan; the Regional Task Force Agreement recommendations; and a high level overview of the FY12 operating budget. These studies were required by the article passed at the 2010 Annual Town Meeting, which requested funding for design plans for an estimated $60M renovation to the high school. Now that the studies are completed, the high school will be placing an article on the 2011 Annual Town Meeting Warrant asking for approval of the recommended changes to the Regional Agreement. Once approved by all member towns, the project will move into the $724K Design stage. A final vote on the renovations could occur as soon as the 2013 Annual Town Meeting. On this schedule, the first financial impact to the Town would occur in FY14. Carl Valente will be scheduling a joint meeting of the Board of Selectmen, Appropriation Committee, and Capital Expenditures Committee to receive a full presentation from Dr Bouquillon. 8. Community Preservation Committee. Glenn Parker reported on the CPC's progress assessing potential projects for the 2011 Annual Town Meeting. The CPC has -2-