2007-10-10-STM-Warrant - Laserfiche WebLink

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TOWN WARRANT Town of Lexington Special Town Meeting Commonwealth of Massachusetts Middlesex, ss. To any of the Constables of the Town of Lexington Greetings: In the name of the Commonwealth of Massachusetts,you are hereby directed to notify the inhabitants of the Town of Lexington qualified to vote in elections and in Town affairs to meet at Cary Memorial Building, in said Town on Wednesday, October 10, 2007 at 7.30 p.m., at which time and place the following articles are to be acted upon and determined exclusively by the Town Meeting Members in accordance with Chapter 215 of the Acts of 1929, as amended, and subject to the referendum provided for by Section eight of said Chapter, as amended. ARTICLE 1 REPORTS OF TOWN BOARDS, OFFICERS, COMMITTEES To receive the reports of any Board or Town Officer or of any Committee of the Town. (Inserted by the Board of Selectmen) ARTICLE 2 APPROVE TIF AGREEMENT(S) To see if the Town will vote to: (a) approve the Tax Increment Financing(TIF)Agreement(s)between the Town, Shire Human Genetic Therapies, Inc. ("Shire HGT") and/or Patriot Partners, substantially in the form as is on file with the Board of Selectmen(the "TIF Agreement(s)"); (b) confnm the Board of Selectmen's designation of the location of the project as an Economic Opportunity Area("Patriot Way Economic Opportunity Area"); (c) authorize the Board of Selectmen to execute the TIF Agreement(s) and any documents related thereto and submit such documents, including but not limited to, an Economic Opportunity Area Application, the TIF Agreement(s) and Certified Project Application to the Massachusetts Economic Assistance Coordinating Council for approval; and (d) take such other actions as may be necessary to obtain approval of the Economic Opportunity Area Application, the TIF Agreement(s) and Certified Project Application; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen) DESCRIPTION: This article will authorize the Board of Selectmen to enter into a Tax Increment Financing(TIF) Agreement with the Shire HGT, a biopharmaceutical firm, that will be locating at the Lexington Technology Park (former Raytheon site). The TIF agreement will provide for certain property tax exemptions in exchange for Shire's commitment to develop the site for lab/office and product manufacturing facilities. ARTICLE 3 AMEND FY2008 OPERATING BUDGET To see if the Town will vote to amend the FY2008 operating budget or make supplementary appropriations, to be used during the current fiscal year in conjunction with money previously appropriated under Article 21 of the warrant for the 2007 Annual Town Meeting, or make any other adjustments to the current fiscal year budget and appropriations that may be necessary; to determine whether the money shall be provided by the tax levy or by transfer from available funds; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen) FUNDS REQUESTED• unknown at press time DESCRIPTION This article will permit adjustments to current fiscal year(FY2008) expenditures. ARTICLE 4 AMEND FY 2008 ENTERPRISE FUND BUDGETS To see if the Town will vote to amend or make supplementary appropriations to the Water and Sewer Enterprise Funds, to be used during the current fiscal year in conjunction with money appropriated under Article 22 of the warrant for the 2007 Annual Town Meeting; to determine whether the money shall be provided from user charges or by transfer from available funds; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen) FUNDS REQUESTED• unknown at press time DESCRIPTION This article will permit adjustments to the current fiscal year(FY2008) expenditures from the Water and Sewer Enterprise Funds.