2014-03-18-CEC-min - Laserfiche WebLink

Browse Search

Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting March 18, 2014 Town Office Building, Parker Room (G15); 8:00 .. Location and Time: AM David Kanter, Vice-Chair; Wendy Manz; Beth Masterman Members Present: Jill Hai, Chair; Bill Hurley Members Absent: Rob Addelson, Assistant Town Manager for Finance; Bob Pressman, Others Present: Community Preservation Committee; Sara Arnold, Recording Secretary Documents Presented: Notice of Public Meeting/Agenda for March 18, 2014 Meeting (Posted March 13, 2014) E-mails, March 27 & 28, 2014, between Bella Tsvetkova and Mr. Kanter; Re: CEC Report to the 2014 Annual Town Meeting (ATM) and 24 Mar 2014 Special Town Meeting (STM) Form for Identifying Presenters of CEC Response When Called Upon by the Town Moderator Listing Articles for the ATM and STM that are included in the CEC Report to the ATM and STM, prepared by Mr. Kanter CEC Report to the 2014 ATM and 2014 STM, March 24, 2014, Released March 17, 2014 In Ms. HaiÈs absence, Mr. Kanter called the meeting to order at 8:02 .. Call to Order: AM : Mr. Kanter reported on three items that were Member Concerns and Liaison Reports discussed at the Board of SelectmenÈs (BoSÈs) March 17, 2014 meeting: Electronic Voting at Town Meeting: The BoS voted 4Ã0Ã1 (Mr. Kelley abstaining) to rd support the use of electronic voting during Town Meeting. This will require a 2/3 Town Meeting vote before it can be implemented. Cary Memorial Building Upgrades: The BoS voted 3Ã2 in support of STM Article 2 for Cary Memorial Building upgrades. Deb Mauger, BoS Chair, and Selectman Joe Pato opposed the article because of the financial challenges the Town will be facing in the near future; they expressed concern for the burden on the taxpayer. Not only are there other already-identified capital projects that need to be addressed, but an Enrollment Working Group for the public schools has indicated that a new elementary school may be necessary. Ms. Mauger and Mr. Pato believe the Cary Building upgrades are necessary, and they expect Town Meeting will support the project, but they prefer postponing it at this time. Use of $1 million Now Available as Increase in FY2015 Health Premiums Confirmed at 1% Versus the 6% Used in the Budget: To reduce future debt service, the BoS voted to recommend using $495,000 of the $1 million, rather than debt, to fund the supplemental funding for the High School Modular Units and using the $505,000 balance to augment the proposed deposit into the Capital-related Stabilization Fund. A Motion was made and seconded to support the BoS position on use of the additional $1 million. Vote: 3Ã0 Mr. Addelson agreed to explore alternatives for using the Community Preservation Fund (CPF) that avoid borrowing the full value of the Cary Memorial Building project over Page 1 of 2