2011-10-05-AC-min-summit - Laserfiche WebLink

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October 5, 2011 Summit Meeting — October 5, 2011 FY2013 Budget Policy Issues Mr. Valente presented the following budget policy issues: 1. Financial impact of a new health insurance coalition agreement with employees and retirees (based on the change in law passed earlier this year). 2. Financial impact of collective bargaining agreements for FYI (making no assumptions on increase in salary) 3. Property Tax impact of Bridge /Bowman and Estabrook schools projects (If Town Meeting approves those projects and if they are successful on a debt exclusion ballot.) Mr. Lamb (CEC) added that 3(a) should be the Tax impact of failure of a debt exclusion override. 4. Long -term financing plan for street improvements /reconstruction. Bridge /Bowman and Estabrook Schools Building Updates' Special Town Meeting and Debt Exclusion Discussion Mr. Goddard, Director of Public Facilities, reminded the group that at the last meeting when three timing options for debt exclusion and Town Meeting votes for the Bridge, Bowman and Estabrook projects were presented the consensus was to proceed with Option 3: Bridge /Bowman and Estabrook Voted on Same Date and Special Town Meeting for Bridge /Bowman. He reported that the Permanent Building Committee, Facilities Department and School Department are on target with an aggressive schematic design schedule. Mr. Himmel, chair Permanent Building Committee and Mr. Goddard, Director of Public Facilities presented a Project Cost Review for the Bridge and Bowman Schools. The Design Development Estimate came in at $22,141,429. This is an increase of $2,771,000 over the previous estimate of $19,370,000 at Schematic Design. In response to Mr. Kelley's question about energy efficiency Mr. Goddard explained that there will be a significant operating cost reduction at the Bridge and Bowman Schools. The Town can expect these schools to perform at approximately $1.66 per square foot compared to the new schools Fiske and Harrington which perform at about $2.00 per square foot. In response to Mr. Kelley's question about space needs, Mr. Ash explained that with four additional classrooms, Bridge and Bowman will be able to accommodate current enrollment program space needs and room sizes will be comparable to the new schools Fiske and Harrington. Mr. Goddard presented the Bridge and Bowman Schools Project Schedule. Construction would begin in April of 2012 and be completed in the fall of 2013. Mr. Goddard also presented the Estabrook Elementary School Project Schedule through Schematic Design. He is hopeful that the Town is going to be able to meet this schedule for the Massachusetts School Building Authority (MSBA) Board to vote Scope and Budget on March 28, 2012. The MSBA is going to allow the Town to build an 82,000 square foot school. Mr. Goddard thought the cost would be roughly in the $32 — 34 million range. M