2022-09-15-CPC-min - Laserfiche WebLink

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RECEIVED 2022 28 Oct, &A2 am Minutes for the Community Preservation Committee Thursday 9/15/2022 TOWN CL,ERK Remote Zoom MeetingLEXINGTON MA Meeting ID#896 3614 3271 Committee members present: Marilyn Fenollosa (Chair), Jeanne Krieger (Vice Chair), Kevin Beuttell (Left at 4:29), Bob Creech, David Horton, Bob Pressman, Lisa O'Brien, Mark Sandeen, Melinda Walker Other Attendees: Carolyn Kosnoff (Assistant Town Manager for Finance), Karen Mullins (Conservation Director), Mike Cronin (Director of Public Facilities), Melissa Battite (Director of Recreation and Community Programs), Christine Dean (Community Center Director), Peter Coleman (Assistant Director of Recreation), Sandhya Beebee (Capital Expenditures Committee Liaison), Meg Buczynski (Activitas Representative), Janel Showalter and Sabine Clark Administrative Assistant: Christopher Tierney Ms. Fenollosa called the meeting to order at 4:01pm Vote to elect chair and vice chair: After a motion duly made and seconded, the CPC voted by a roll call vote (9-0) to re-elect Ms. Fenollosa as the chair of the CPC. After a motion duly made and seconded, the CPC voted by roll call vote (9-0) to appoint Ms. Krieger as vice chair of the CPC. CPA Fund Balances: Ms. Kosnoff explained the CPA fund to the Committee and its sources of funding, including a 3% levy on Lexington homeowners' real estate taxes, interest being compounded on remaining funds balances, very occasional donations and considerable funds coming from the Commonwealth. The state match percentage has increased from 11%to 45% of funds raised in recent years. Ms. Kosnoff also explained the current account balances and projections for the remainder of FY23 and into FY24. Ms. Walker asked about the source of the Undesignated Fund Balance and Ms. Kosnoff explained that the Undesignated Fund is the previous years' unused Unbudgeted Reserve, and that accounts at the end of the year should read zero so the funds are moved from one fund to another. Mr. Sandeen asked how many years of debt service remained and Ms. Kosnoff explained that the CPC will be debt-free after 2025. Mr. Pressman asked about the need for$2million to remain in the fund balance and Ms. Kosnoff explained that this was not a state mandate but rather a CPC policy, so that there will be a cushion in the fund if needed for cost overruns and projects coming in on short notice. Center Recreation Complex Bathrooms: Mr. Cronin explained the progress on the renovation of the Center Recreation Bathrooms project and the vision for the rest of the site. Mr. Cronin explained that the project was going to convert the bathrooms from two large bathrooms to individual bathrooms, with one being offered as a family restroom. Mr. Cronin also described how the rear of the building has been used by the DPW as a place to store equipment along with storage containers being used by both the DPW and certain youth and high school athletic 1