Laserfiche WebLink
Breadcrumb Navigation:
October 18, 2012 <br />Minutes <br />Town of Lexington Appropriation Committee <br />October 18, 2012 <br />Place and time: Town Office Building, 7:30 p.m. <br />Members present. Glenn Parker, Chair; Joe Pato, Vice Chair; John Bartenstein, Vice Chair and <br />Secretary; Alan Levine; Jonina Schonfeld; Robert Cohen; Mollie Garberg; Rob Addelson (non- <br />voting, ex officio) <br />Members Absent: Eric Michelson; Richard Neumeier <br />Also present: Bill Hadley, Director of Public Works, and John Livsey, Town Engineer <br />The meeting was called to order at 7:35 p.m. <br />1. Announcements: Glenn Parker reported that he had attended the groundbreaking <br />ceremonies for Estabrook School. <br />2. Minutes: John Bartenstein reported on the status of outstanding minutes. <br />VOTED: Minutes for the April 2, 2012 summit meeting were approved 7 -0. <br />VOTED: Minutes for the April 11 summit meeting were approved 6 -0 -1; Robert Cohen <br />abstained because he was not present at the meeting. <br />3. Member Reports: <br />Vistaprint TIF: Robert Cohen reported that the Town's negotiating team has met with <br />Vistaprint regarding its TIF (tax increment financing) application requesting $3.5 million <br />over 13 years. Vistaprint has outgrown its current facilities at the 95 Hayden Ave <br />(Ledgemont 2) building but would like to stay in Lexington. Vistaprint is proceeding on <br />an aggressive schedule and has targeted the beginning of 2013 for deciding on expansion <br />at the Ledgemont site. <br />Hobbs Brook, owner of the Ledgemont 2 property, plans to build a Ledgemont 3 building <br />whether Vistaprint decides to lease it or take its expansion plans to another location. It <br />wasn't clear to Appropriation Committee members whether a TIF agreement would be <br />ready for the fall special Town Meeting. <br />School Committee: Mollie Garberg reported on the Saturday morning, October 13, 2012, <br />School Committee meeting where the Estabrook School project was discussed. It was <br />reported that at 60 percent construction design the cost estimates were over budget. A list <br />of "value engineered" items was presented that, if adopted, could close the budget gap. <br />Most were accepted, but those that weren't leave the project $1.2 million over budget. <br />Pat Goddard anticipates that, to cover this and other potential shortfalls, a request for an <br />additional appropriation in the range of $2.0 to $2.8 million will be made at the special <br />