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2000-12-12-CEC-min
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2000-12-12-CEC-min
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CEC - Capital Expenditures Committee
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<br /> <br /> <br /> <br />December 12, 2000 <br />Meeting started at 8.37 pm <br />Present: Sheldon, Shirley, George, Tom <br /> <br />Library presentation by Carol Mahoney: <br /> <br />She discussed mainly schedule and costs. <br />Construction documents will be done by Jan 2 and professionally reviewed for completeness. <br />This task shall be done by mid Jan. Bids shall be reviewed and final costs shall be known by 1st <br />week of April ( I call it April Fools Day). Construction shall take 16 to 24 months, so we may be <br />in the new library by Christmas 2002. <br /> <br />Best cost estimates now ($MM): <br /> By Carol: Bldg: 10.50 + Furnishings: 0.8 = 11.3 <br /> By PBC: Bldg: 11.5 <br /> <br />Current funding sources: <br /> State 3.00 <br /> Town: 2.6 <br /> Trustees 1.0 <br /> Foundation: 2.0 (approx. pledges and collections) <br /> <br />Some technical work being done on original 1998 library warrant to meet bond counsel <br />requirements. At the end of the day the bond is floated by the town and current funding is from <br />library foundation, state and the town. So warrant language need to be revised. <br /> <br />Future needs will depend on what the town will do with East Lexington -- $2 to 3 MM for <br />structural and ADA work. <br /> <br />Fire Department presentation by Peter Torode: <br /> <br />Peter reported that in their request they have dropped funding for building study and for fire <br />alarm upgrade. The former they consider is not necessary under current political situation and the <br />later is being accommodated by trade-off with RCN. <br /> <br />Lot of discussion on changing to vertical smoke stack which is more efficient. This in turn would <br />need that we convert existing rescue engines to vertical stack and to order the new ones with <br />vertical stack. The vertical stack rescue is 159K compared to 123K budgeted last year. This is in <br />part due to heavier vehicle which may extend life cycle to 8 instead of 6 years, thus allowing a 4 <br />year replacement cycle instead of the current 3 year cycle. He gave five year capital expenditures <br />report to all the members. <br /> <br />Discussion on Tom's draft of CEC response to Blue Ribbon Report <br /> <br />Most discussion centered around making the report shorter and eliminating some financial <br />schedules. <br /> <br />Meeting adjourned 10.40 pm <br /> <br />Reported by, <br /> <br />Narain bhatia <br /> <br /> <br />
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