2013 NOV STM CEC Rpt - Laserfiche WebLink

Browse Search

CAPITAL EXPENDITURES COMMITTEE REPORT TO 2013 STM(Nov 4th) The following (based on a presentation to the Lexington School Committee on September 10, 2013) reflects the above-cited positioning of the sets: i Space Recommendation l r• 1 . I ` Summer 2015 Total for Two Years x General Ed Classrooms; 12 General Ed Classrooms ' 7 Educanonel Spaoss hu .,,,.. Diamond ILP Groduaeac 12 Educational Spaces for ILP Graduates -------- • Ala �I II 'F .....,.�. .��" Summer 2014 Ip Gmere 1 Ed CERSSrOMS j 5 Educal*n4 Svaxes foe ,..r.s..a.e..e..e Clarke ILP Gradualf.,s L t xlW;P IXI HK.NS ...., �TK&M .. >, >, >, >, >, ....v ... ■C,■ MLx;uLRk RL%M✓.]N x 7s 1LEXPIGIOFLMA I I Al I September 10, 2013 4 Boxed Capteom Revised Oct 15,2013 (See the analysis under Article 3 regarding the financing plan for this project.) Fund Funding Article 5:Appropriate for Authorization Source Committee Recommends Renovations to Requested Buildings to be Acquired $2,846,184 CPF at 39 Marrett Road $3,169,000 (Cash) +$322,816 Approval (5-0) GF(Free Cash) "The closing date for the acquisition of the property at 39 Marrett Road is scheduled for December 3, 2013. The Town has engaged the services of an architect to work with the Community Center Advisory Committee to identify short term improvements needed to facilitate occupancy as soon as possible after closing and for long-term improvements to the property needed to support town programs to be housed at 39 Marrett Road. This article is to request funds for the short-term improvements." [Town Warrant] The March 18,2013, STM appropriated$11,212,500 for the purchase price and ancillary costs needed to acquire the portion of the property at 33 Marrett Road that had been offered for sale by the Scottish Rite to the Town with the understanding a Community Center would be established there. (That funding consisted of $7,390,000 of CPF debt, $262,500 of CPF cash, and $3,560,000 of GF cash.) Also appropriated was $100,000 of CPF cash toward the D&E of the code-compliance actions required for initial occupancy (now identified as Phase 1) and schematic-level drawings for potential longer-term 5