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asked if the Capital Expenditures Committee had any opinions on the matter; Mr. Kanter stated that the Committee had concerns about pricing and phasing but that they would be discussing the phasing at a later date. Mr. Sandeen then asked about their position on the near term, and Mike Cronin stated that the cost of design for the Stone Building was originally $1,000,000 in a worst-case scenario. Ms. Kosnoff stated that the next phase has$200,000 for design work and $4,900,000 for construction, and again stated that shorter term projects are better for debt financing as it would keep interest payments to a minimum. Ms. O'Brien asked if this design was for the entire project. Mr. Cronin stated that since the decision was made to phase the project there will need to be new bids for each phase, including design work. After a motion was duly made and seconded the Committee conducted a roll call vote (9-0) to support utilizing debt financing to fund the projects selected by the Committee. Willard's Woods Site Improvement: Karen Mullins and Amber Carr returned to give a final update on the Willard's Woods proposal. The new request will come in at $1,211,675 and includes designating trails as Universally Accessible (UA). The wet meadow boardwalk has been removed from the proposal, and the Department will attempt to finance that portion of the project with grant funding. Mr. Sandeen asked if the trails would be designated with UA signage; Ms. Mullins said that they would. Mr. Sandeen then asked if the Department had settled on the width of the trail at 10 feet. Ms. Mullins answered that there are different widths at different sections of the trail; Ms. Mullins also explained that the width of the trails near the entrance to the fire pits is 8 feet but reiterated that the main section of the trail would be 10 feet wide, which is a decrease from its original 12-foot-wide configuration. Mr. Creech asked about which trail was the most heavily used and if Ms. Mullins had an estimate of people who visit the site annually. Ms. Mullins stated that she didn't have that information on hand. LexHAB Property Acquisition: Sarah Morrison returned to discuss a change in scope for the $400,000 request for property acquisition. The original property that was to be purchased with CPA funds will be purchased using ARPA funding, and as a result LexHAB was asking to use the CPA money as a pre-funding to acquire other properties when the opportunity arises. This pre- funding is similar to the proposed Affordable Housing Trust and would allow LexHAB to compete with developers. Ms. Morrison also stated that LexHAB is in the process of transitioning into a 501(c)(3) from a quasi-municipal entity but also mentioned that the transition process would take anywhere from 1 to 2 years and that the only way to increase the stock of affordable housing at this time would be by purchasing existing properties. Ms. Fenollosa mentioned to Ms. Morrison the opinion from Town Counsel about LexHAB entering into a grant agreement with the Town. Ms. Morrison acknowledged this point and mentioned that LexHAB would provide documentation about what these funds will be used for --future purchases of real property only. Mr. Horton asked if LexHAB had ever considered developing the Leary property and where that project would fit into their plans. Ms. Morrison stated that LexHAB would request CPA funding for the development of the Vine St. (Leary) property and that design work for this development had already been completed. Mr. Creech mentioned that the $400,000 will be used for a down payment but asked where the rest of the purchase 2