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Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting March 18, 2013 Date, Place, and Location: March 18, 2013, 8:00 A.M., Town Office Building, Reed Room (111) Members Present: Charles Lamb, Chair; Beth Masterman, Vice - Chair; Jill Hai; David Kanter Member Absent: Bill Hurley Documents Presented: • CEC Report to the 2013 Special Town Meeting (STM), March 18, 2013 [with corrected Pages 1 & 2] • Draft #5 CEC Report to the 2013 Annual Town Meeting • Spreadsheet "Compare CEC & Town FIVE -YEAR CAPITAL PLAN (FY2014— FY2018)" [Years in title corrected] Call to Order: Mr. Lamb called the meeting to order at 8:00 A.M. Committee's Report to the 2013 STM, March 18, 2013: The Committee affirmed its approval of the report. Vote 4 -0 Committee's Report to the 2013 Annual Town Meeting (ATM) The Committee reviewed the Draft #5 and provided input for Mr. Kanter's use in preparing the final, for - release, version. Included was a line -by -line comparison of what the Committee had for FY2014— FY2017 in it's Five -Year Capital Plan presented in its Report to the 2012 ATM and what was being recommend for FY2014— FY2018 in the Town's "FY2014 Recommended Budget & Financing Plan ", Section XI —with the out -years being on Pages XI -25 & -26. In that process, the Committee developed its Five -Year Capital Plan for inclusion its Report to the 2013 ATM. It was moved and seconded that the Committee approve the updated Draft #5 as constituting its final report with the understanding that Mr. Kanter was authorized to complete the remaining summary tables and make any further editorial changes that did not substantially affect any of the positions of the Committee. Vote: 4-0 With that approval in hand, Mr. Kanter advised that he expected to have the report released so that by next Monday, the 25 ", it could be posted to the Town's and the Town Meeting Member Association's Web sites, and printed copies would also be available. Adjourn: A Motion was made and seconded at 10:05 A.M. to adjourn. Vote: 4 -0 These Minutes were approved by the CEC at its meeting on April 10, 2013. Page 1 of 1