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Y Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting February 21, 2018 APRIL 19'" �d N4i„'47�r Location and Time: Town Office Building, Reed Room (111); 7:45 A.M. Members Present: Charles Lamb, Chair; David Kanter, Vice-Chair & Clerk; Sandy Beebee; Rod Cole (arrived at 7:47 A.M.); Frank Smith Member Absent: Wendy Manz Others Present: Sara Arnold, Recording Secretary Documents Presented: • Notice of CEC Meeting, February 21, 2018 • General Stabilization Fund History Relative to 5% of Net Operating Revenue; graph distributed by Mr. Kanter • General Stabilization Fund History Relative to 5% of Net Operating Revenue; Table distributed by Mr. Kanter • Indicator 1.13: Reserves and Fund Balance; prepared by Town of Lexington for Summit 1, October 5, 2017 • Microsoft Excel Workbook for CEC Discussion of Consent Agenda at 2018 ATM, prepared by Mr. Kanter with Board of Selectmen's (BoS) supported items and Mr. Kanter's suggested items • CEC Nominations for 2018 ATM Consent Agenda, reflecting decisions made during February 21, 2018 meeting • Email from Carl Valente, Town Manager, to Mr. Lamb regarding Police Radio Console System, February 6, 2018 • Draft #3 Minutes of the CEC Meeting, January 24, 2018, 7:45 A.M. • Draft Minutes of the CEC Meeting, January 24, 2018, 7:00 P.M. Call to Order: At 7:45 A.M., Mr. Lamb called the meeting to order. Minutes: After Mr. Kanter advised that a comment in the Draft #3 Minutes for the morning CEC Meeting, January 24, 2018, had been resolved without affecting those Minutes, a Motion was made and seconded to approve said Minutes, as presented. Vote: 5-0 A Motion was made and seconded to approve the Draft Minutes for the evening CEC Meeting, January 24, 2018. Vote: 5-0 Member Concerns and Liaison Reports: Mr. Kanter reported that he had drafted a Motion for ATM Article 32, Amend General Bylaw regarding Financial Committees (Citizen's Article), which if approved would ensure that the language for these Committees reflects current practice. The draft Motion has been forwarded to Mr. Lamb, John Bartenstein, Chair of the Appropriation Committee, and Deborah Brown, Town Moderator, for their coordination and would then need to be reviewed by Town Counsel. Mr. Lamb reported that Dawn McKenna, Chair, Tourism Committee, has agreed to attend a meeting of this Committee just prior to ATM to discuss funding being requested for a new Page 1 of 3