1997-02-11-TPT-min - Laserfiche WebLink

Browse Search

TOWN OF LEXINGTON TRUSTEES OF PUBLIC TRUSTS Minutes of Meeting of February 11, 1997 A meeting of the Trustees was held at 8:00 P.M. at 64 Marrett Road, Lexington. Present were Trustees Alan S. Fields, David G. Williams and Thomas G. Taylor, aitd' Secretary Sheryl Mason. The minutes of the October 8, 1996 meeting were reviewed and approved. It was voted to approve the sales and purchases of securities on September 11 an, d, December 18, 1996 and January 13, 1997 described in letters dated September 17, 1996, December 24, 1996 and February 4, 1997 from Fleet Bank. The payment to Sheryl Mason in December for services was approved. The Chairman noted a proposal from Brian Gilbert to repair the retaining wall at Tower Park for a cost of approximately $15,000. It was voted to make funds available for this project from the interest account in the William Tower Memorial Park Fund. Payment will be made to the contractor directly by the Trustees, as was done with the construction of the board walks at the fitness path. It was voted to expend up to $10,000 from the Westview Cemetary Fund for improvements to the customer service area at Westview Cemetary. It was reported that Steve Baran has no need of additional funds for the Human Services Fund at the present time. It was voted to spend a maximum of $300.00 from the George Gilmore Fund to repair the two statues in Cary Hall. The Trustees voted to accept the following new funds: Charles E. Ferguson Youth Recognition Fund. The Selectmen have turned over to the Trustees about $11,000. 25% of income is to be added to principal each year. The remaining income each year is to be divided among recipients selected by the Youth Commision. 'IJ Mickey Finn Memorial Scholarship Fund. Initial amount,-$5000 +. Sirinivasu Meka Scholarship Fund. Initial amount, about $7000. 25% of income to be added to principal each year. Next meeting: Wednesday, April 16, 1997 at 8:00 P.M. at the home of Alan Fields, 10 Marshall Road.