2014-11-06-TPT-min - Laserfiche WebLink

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TOWN OF LEXINGTON TRUSTEES OF PUBLIC TRUSTS Minutes of Meeting of November 6, 2014 The meeting was held at 12 :00 pm at the offices of Atlantic Trust at 100 Federal Street, Boston, MA. Present were Alan Fields, David Williams and Susan McClements, Alan Fields reported that the portfolio remains diversified across various assets consistent with established benchmarks. Investment Committee member Lou Conrad resigned earlier this year due to time constraints. The Trustees are in the process of seeking a new member for the conunittee. Minutes from the February 4, 2014 meeting were unanimously approved. David Williams reported that he submitted the annual report to the town by the September 30 #r' deadline. David has a template for the report on his computer. After some discussion, it was agreed that David will contact the Bathon Family. The Bathon Family has moved from Lexington and no longer makes annual contributions to its named scholarship fund leaving it too small to make annual grants. David will seek permission to combine the Bathon Family Scholarship Fund into the Lexington PTA Scholarship Fund. The Trustees agreed that Alan will inquire whether the Fund for Lexington will pay again this year for the planting of barrels in town center. David received a quote from McCue's for the work. The Trustees are concerned that the Pocket Park design is incompatible with historic nature of Lexington Center. Alan will share the trustees concerns with HDC member Marilyn Fennoloso prior to the HDC hearing on the design. David presented a proposal from John Bernhardt for a Housing Fund. David will let John know that Trustees are interested in hearing more about the proposal if he can partner with an established organization capable of taking on and sustaining the administration of the program. Next meeting February 18, 2015