2009-04-15-CEC-min - Laserfiche WebLink

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Capital Expenditures Committee (CEC) Meeting, 4/15/09, 8:30am, Town Office Building, Room 111 Members Present: Bill Hurley, Ted Edson, David Kanter, Shirley Stolz, Charles Lamb (Chair) Others: Bill Hadley (Director, Department of Public Worlcs [DPW]), Mary Ann McCall-Taylor (Planning Director), Norm Cohen (Chair, Board of Selectmen), Carl Valente (Town Manager), John Livsey (Town Engineer), Rob Addelson (Assistant Town Manager & Town Comptroller), Susan Yanofsky (Town Economic Development Officer), George Burnell (Selectman) Discussion of Hartwell Ave Traffic Mitigation Overlay District Planning Board raised question of whether to pre-fund an account for potential Hartwell Ave area infrastructure projects by authorizing Town funds up front. CV stated that the businesses involved should not be expected to pay for all of the improvements because surrounding areas will benefit from the improvements, so the Town will have to bear some of the cost. The Planning Board is recommending bonding first and then later taking in Traffic Demand Management (TDM) funds from the developers. DK: Are there any State or Federal grants which might be applicable? The Transportation Improvement Program (TIP) and Public Worlcs Economic Development (PWED) are two, but they take time. One option is to get authorization from Town Meeting to do the Design and Engineering (D&E) first, and then do construction later. D&E would take us to the bidding phase. TDM funds would be paid at permit time probably, but it could also be occupancy time depending on how it's structured. The TDM fee would be roughly $30K per parcel. This can't be structured as an abatement because of the parameters. Expected real-estate tax income increase is $2M to $3M. The D&E component would probably have a pretty long life (i.e., wouldn't rot on the she/ f if there were a delay before construction. The 2007 Annual Town Meeting~ATM~, Article 31 ~f~, Storm Drain Mana ement Appropriation ($231,375) & the 2009 ATM, Article 15 ~, Storm Drain Mana ement Appropriation $160,000} will not be bonded Yet in order to manage debt service. • .v Discussion of the roads to be paved in summer 2009 (Paving Year 2009) Chapter 90 money is generally authorized for payment in April, and those FY2009 funds were just authorized by the State on 4/1/09. The policy is to stockpile those funds for a year, so the latest round will not be spent until next summer. Woburn Street had asphalt escalation of $219K. The previous Pavement Management Plan was based onpavement-condition-survey data from 6 years ago. The DPW wanted to go through with the update this year and $84K is currently encumbered for that work, but CV recommended that they don't so that survey is on hold. DK: As an up-to-date quantitative basis for the selection of roadwork is not available and the CY2009 Roadway Program has a balanced budget including using that $84K for the survey, that hold should be released so the pavement-condition data can be updated. Page 1 of 2