2023-02-09-CPC-min - Laserfiche WebLink

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2 could. After some discussion Ms. Kosnoff stated that the Committee could allocate $250,000 from Open Space and the remainder from the Unbudgeted Reserve, allowing the greatest amount of financial flexibility for the Committee and not requiring more debt to be issued. Mr. Sandeen asked about the moving of funds and whether this would preclude the paying down of debt. Ms. Kosnoff stated that she currently would not recommend using any more CPA funds to reduce borrowing and that the current level of available cash should remain unchanged. After a motion was duly made and seconded the Committee voted by roll call (6-0, 3 not present) to use $250,000 to be allocated from Open Space and $50,000 to be allocated from the Unbudgeted Reserve. Munroe Center for the Arts Debt: The Committee discussed the appropriate amount of debt to be issued for the Munroe Center for the Arts project. After a motion was duly made and seconded the Committee conducted a roll call vote (6-0, 3 not present) to support the motion of issuing $2,000,000 in five-year bonds for the Munroe Center for the Arts project. Review Motion for Town Meeting: The Committee discussed the draft of the CPC Motion to Town Meeting, and after a motion was duly made and seconded the Committee conducted a roll call vote (6-0, 3 not present) to approve the draft Motion with the appropriate changes made to the funding sources for the Whipple Hill project. Mr. Horton left the meeting at 5:30. Review Draft of 2023 ATM Report: The Committee discussed the 2023 Report to Annual Town Meeting (ATM) draft. Ms. Fenollosa informed the Committee of minor edits and that she is still waiting on some updated project expenditures from the Department of Public Works. After a motion was duly made and seconded the Committee conducted a roll call vote (5-0, 4 not present) to approve the Annual Report as amended by the votes of this meeting and any updates from DPW and correction of “scriveners’ errors.” Munroe Center for the Arts: Christina Burwell and Brian Healey from the Munroe Center for the Arts offered an update on their project and described a new scenario for the parking lot, changing the orientation from east/west to north/south. The number of spaces would remain the same and would increase the total size of parking area by approximately 1,000 square feet. The revised design would allow greater accessibility to the open space behind the building, but would not affect the total cost of the project. The Committee expressed its support of the reorientation but no formal vote was taken.