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�y w-AOR yrry. Minutes of the s \�� Lexington Capital Expenditures Committee (CEC) Meeting n February 27, 2019 APRIL&", II,E XI NGT.O 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; Frank Smith; and Wendy Manz Member Absent: Rod Cole Others Present: Sara Arnold, Recording Secretary Documents Presented: • Notice of CEC Meeting, February 27, 2019 • Draft #1 CEC Report to 2019 Annual Town Meeting (ATM); Compiled by Mr. Kanter • Draft #3 Minutes of the CEC Meeting, February 21, 2019 Call to Order: Mr. Lamb called the meeting to order at 7:45 a.m. Minutes: A Motion was made and seconded to approve the Draft #3 Minutes for the February 21, 20197 CEC meeting as presented. Vote: 5-0 Announcements: Mr. Lamb and Mr. Kanter noted that, traditionally, this Committee has distributed its report one week prior to the opening of the ATM, which would be March 18th this year. They added that because this Committee is awaiting information regarding a number of Warrant Articles for the 2019 ATM it may be necessary to either distribute the report on March 18th and issue a supplement or delay its publication. It was noted that the financial Articles are not taken up during the first week of the ATM, and Deborah Brown, Town Moderator, will consider deferring discussion of any non-finance articles on which this Committee is reporting until after the first week. This Committee agreed that a delay in publication was preferable to writing a supplement and, therefore, decided to hold March 20th and March 22nd open for potential additional meetings, as may be necessary. Preparation for the 2019 ATM, including Review of Draft#1 of this Committee's Report to that Town Meeting: General comments about the draft report included, but were not limited to, the following: • Members should send comments or suggestions on the Executive Summary to Mr. Lamb; • Ms. Manz will prepare a list of acronyms for Appendix B; • A thank you will be added to the Executive Summary, recognizing those who have assisted in the preparation of the report. • Recommended modifications to the Board of Selectmen's (BoS's) five-year financial plan for incorporation into this Committee's five-year plan should be brought to this Committee's next meeting. Mr. Kanter led a page-by-page review of Draft #1 of the CEC Report to 2019 ATM, to address/clarify comments/questions, make corrections, and verify the person responsible for additional actions needed to complete the report, including developing supplemental text for the Article in the back matter of the report, where warranted. This process included a brief discussion about the Motion for Article 4: Reduce Community Preservation Act (CPA) Surtax Rate From 3% To 1% Pursuant To G.L. c. 44B, § 16 (Citizen Article). It is understood that Page 1 of 2