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2001-12-05-CEC-min
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2001-12-05-CEC-min
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3/5/2009 11:39:57 AM
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CEC - Capital Expenditures Committee
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<br />MEETING DATE 12/5/2001 <br />Called to order at 6.05 PM <br />Present: All members of CEC <br /> <br />1. Informal discussions on <br />a. Streamline Cash Capital -- establish priorities and take position <br />b. Assemble all the cash capital details <br /> <br />2. Discussion on agenda for next meeting <br />3. Discussion on CEC role in shaping school committee capital <br />proposals. <br />4. Approved minutes of Nov 21 and Nov 28. <br /> <br />Meeting adjourned at 7.15 PM and then moved to participate in the <br />Summit II. <br />At that meeting CEC opposed any idea of changing current cash capital <br />policy. Town manger wants to reduce cash capital base to be used in <br />calculating 5% cash capital available for FY203, claiming that it was <br />inflated by SBAB state aid, when the policy was instituted. <br /> <br />Respectfully submitted, <br /> <br />Narain Bhatia <br />8 Nickerson Rd <br />Lexington, MA 02421 <br />email: bhatia@cheerful.com <br />Tel: 781-863-0893 (USA) <br />Fax: 781-861-1143 <br /> <br />
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