2016-03-17-CPC-min - Laserfiche WebLink

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Minutes of the Community Preservation Committee Thursday, March 17, 2016 Parker Meeting Room Town Office Building 1625 Massachusetts Avenue 3:00 PM Committee Members Present: Marilyn Fenollosa (Chair); Richard Wolk (Vice-Chair); Richard Canale, Norman Cohen, David Horton, Jeanne Krieger Bob Pressman joined the meeting by conference call. Absent: Leo McSweeney, Sandra Shaw Administrative Assistant: Elizabeth Lane Other Attendees: David Kanter, Vice-Chair of the Capital Expenditures Committee (CEC) and liaison to the CPC; Dawn McKenna, Chair, Tourism Committee. Ms. Fenollosa called the meeting to order at 3:06 PM and noted the remote participation of Mr. Pressman via telephone due to his significant geographical distance. 1) Antony Park Construction Project- Prior to the arrival of Dawn McKenna, Ms. Fenollosa spoke to the CPC regarding regarding the Antony Park Construction Project. Ms. Fenollosa expressed to the CPC her concerns about re-voting the project with two members absent and new information being presented so late in the application process. The Committee agreed that a re-vote would only be appropriate if the project issue no additional vote on the project. 2) Munroe Tavern Archaeological Dig, Indefinite Postponement Vote- Ms. Fenollosa reported that the Lexington Historical Society withdrew their application for FY17 funds and the CPC voted 7-0 to indefinitely postpone this article for the upcoming Town Meeting. 3) Revised Debt Service Figures- The CPC voted 7-0 to accept the revised debt service figures issued for FY17. 4) Keeler Farm Community Housing Acquisition- The CPC decided to recommend the full acquisition cost of $185,000 for the Keeler Farm Community Housing Acquisition. Due to the potential for LexHAB to receive $70,000 in HOME funds to off-set the purchase price of the unit, the request was previously reduced from $185,000 to $115,000. LexHAB planned to utilize approximately $35,000 in HOME funds currently available to them and make up the difference with their own funds to close on the unit in May 2016. The CPC felt that given the uncertainty of the total HOME fund grant, the fast-approaching closing date and the availability of only a portion of the HOME funds at the time of closing, it was best to recommend the full purchase price amount to Town Meeting in order to ensure the acquisition could be 1