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65 -1 <br />Selectmen's Meeting <br />October 10, 2007 <br />A regular meeting of the Board of Selectmen was held on Wednesday, October 10, 2007 at 6:30 <br />p.m. in the Selectmen's Meeting Room. Chairman Krieger, Mr. Kelley, Mr. Cohen, Mr. Manz, <br />Mr. Burnell; Mr. Valente, Town Manager; Mr. Lahey, Town Counsel; and Ms. Chabot, Assistant <br />to the Executive Clerk, were present. <br />TIF Agreement <br />Mr. Lahey, Town Counsel, reported that the Town learned, on the previous Friday, of Patriot <br />Partners' proposal to realign parcel boundaries in the Lexington Technology Park. The proposed <br />realigned parcels do not conform to existing lot lines on the Assessors' maps. This realignment <br />may impact base values used to calculate proposed annual exemption percentages, and thus <br />affect the estimated tax increments presented to the Town Meeting Members Association and <br />other town committees. The Town's negotiating team concluded that they were not ready to go <br />forward with a signed agreement prior to the first session of Town Meeting. Mr. Lahey is <br />expecting to get a redraft of the TIF agreement from Shire's counsel and the agreement should be <br />available to Town Meeting members on Friday, October 12 or Monday, October 15. Town <br />Meeting will be asked to adjourn to October 17 to vote on the TIF for Shire. <br />Article Positions <br />The Selectmen were supportive of the following articles: <br />Article 3 — Amend FY2008 Operating Budget <br />Article 4 — Amend FY2008 Enterprise Fund Budgets <br />Article 5 — Municipal Electric Utilities <br />DPW Construction Contract <br />Mr. Valente reported that the DPW construction contract came in at $18,265,000.00, which is <br />well within our budget. He stated that we are getting close to the end of the 30 days in which <br />we have to sign the contract. The consensus of the Board was to proceed with signing the <br />contract. <br />Executive Session <br />Upon motion duly made and seconded, it was voted by roll call 5 -0 to go into executive session <br />for the purpose of litigation, with no intent to return to open session. <br />Upon motion duly made and seconded, it was voted to adjourn at 6:50 p.m. <br />A true record; Attest: <br />Diana B. Chabot <br />Assistant to the Executive Clerk <br />