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3/11/2024 AC Minutes 2 and to continue offering this service for free to residents. This expense will be partially offset by a reduction in tipping fees, since heavy organic waste is being diverted from the trash waste stream. Mr. Bartenstein commented that the Town had recently received initial MWRA estimates for water and wastewater assessments, but these estimates were not used in the Brown Book nor in the motion under Article 5 Appropriate FY2025 Enterprise Fund Budgets. As a result, the initial appropriation will be roughly 10% larger than needed but, as always, these appropriations will be adjusted at a fall special town meeting after the final MWRA assessments are received and before the water and sewer rates are set. Under Article 9 Establish and Continue Departmental Revolving Funds, Mr. Parker asked whether the revolving fund for the MEMA cache at Hartwell Ave. needed to be included in the motion, even though the spending limit will be zero. Recent changes in legislation removed the need to re-author- ize revolving funds every year, so it can be left out of the motion. Ms. Kosnoff stated that the Moderator will be asked to hold Article 10(d) Lincoln Park Fitness Sta- tions Equipment until later in the meeting calendar in order to give the Trustees of Public Trusts a chance to vote on providing partial funding for this request. Several edits were made to the report on Article 33. Aspects of the all-affordable housing develop- ment financing model were clarified by Mr. Bartenstein. Ms. Yan expressed concern that, if an all-affordable development operator became insolvent at some future date, the Town could then be required to provide financial support. This support might entail rent subsidies for tenants, or direct funding for maintenance and capital needs at the develop- ment. Mr. Bartenstein and Mr. Parker agreed that the Town would not be obligated to provide sup- port. While the Town might become temporarily involved, the private operator would need to re- solve the issues, either by refinancing or transferring the management to another operator. If this were not possible, the Town could elect to assume responsibility for the project at a future date, for example by exercising a right of first refusal to repurchase the property. Mr. Levine reported that Select Board Member Mark Sandeen said that a local architect had pro- duced a rough design that fits 48 units on the site. Mr. Osborne asked why the report discussed the “fallacy of composition” under this article when the idea is not mentioned in other articles where it might also apply. Mr. Bartenstein replied that he felt it was relevant to this request because the Town will face numerous challenges from a growing population. Mr. Parker stated that the discussion about the impact of growth was relevant here, but it was just as relevant for all the other anticipated growth that the Town will be seeing in the next decade. Mr. Osborne noted that we cannot predict the timing of the impact being discussed. Con- struction on this development could be delayed until well after other large by-right developments are already completed under the new MBTA zoning. The Committee discussed the expected tax revenue from the development. Mr. Parker stated that the operator of the development would most likely pay property taxes, that the amount would be de- termined by the Town Assessor, and that this was not a negotiable item in the financing of the de- velopment. Mr. Bartenstein accepted this point, but pointed out that the Town’s contribution should be compared to the present value of the future property tax. Mr. Parker agreed that any direct finan- cial benefit from this development to the Town would be limited but noted that the Town would re- ceive a significant benefit in the form of affordable housing at a discounted price. He added that there were other intangible benefits that could result from having more affordable housing in the Town.