HomeMy WebLinkAbout2022-11-01-CEC-STM#3-rpt (addendum) UPDATE TO CAPITAL EXPENDITURES COMMITTEE REPORT TO STM 2022-3
CAPITAL EXPENDITURES COMMITTEE
TOWN OF LEXINGTON
UPDATE TO THE REPORT TO THE
SPECIAL TOWN MEETING (STM) 2022-3
(Released October 24, 2022)
Released November 1, 2022
Submitted by:
Charles Lamb, Chair
David G. Kanter, Vice-Chair& Clerk
Sandy Beebee
Michael Boudett
Rodney Cole
Lisah Rhodes
This document provides an update to the Committee's Report with a dollar amount and source that
were identified after the publishing of that Report,but prior to the STM.
On Page 2: Replace the 3rd paragraph beginning "(h)" in its entirety with:
(h) Capital, appropriate $2,375,392 to: Consisting of$1,675,999 from new levy growth per the Capital
Stabilization Fund (CSF) Guideline; and $699,393, a one-time transfer, based on new levy growth under
the Tax Increment Financing (TIF) agreement currently with Takeda Pharmaceuticals (properties at 200,
300, and 400 Shire Way).