2020-02-13-AC-min - Laserfiche WebLink

Browse Search

02/13/2020 AC Minutes Minutes Town of Lexington Appropriation Committee (AC) February 13, 2020 Place and Time: Cary Memorial Building, Estabrook Hall, 7:30 p.m. Members Present: Glenn Parker, Chair; Sanjay Padaki, Vice-Chair; Alan Levine, Secretary; John Bartenstein; Lily Manhua Yan; Meg Muckenhoupt; Nick Nichols; Carolyn Kosnoff, Assistant Town Manager, Finance (non-voting, ex officio) Members)Absent: Eric Michelson Other Attendees: David Kanter, Vice-Chair& Clerk, Capital Expenditures Committee (CEC) The meeting was called to order at 7:43 p.m. Announcements and Liaison Reports Ms. Kosnoff reported the following: • Consistent with past practice, the preliminary FY2021 budget included $100,000 for the Transportation Mitigation Fund, which is used by the Traffic Safety Committee to address urgent projects that were not anticipated. Because the funds are not always used, a surplus has accumulated. The Select Board (SB) voted at its February 10th meeting to redirect the portion of that appropriation request that was to come from free cash (approximately $84,000)to the appropriation into the Capital Stabilization Fund. • Because of a fund surplus at the State level, the Town has received an additional $503,092 in Community Preservation Act(CPA)funds in FY2020. Prior to this addition, the allocation was greater than anticipated at the 2019 Annual Town Meeting. To recognize this change, and at Mr. Kanter's request, the 2020 Annual Town Meeting (ATM)will be asked to revote the revenue numbers for FY2020 under Article 22: Amend FY2020 Operating, Enterprise and CPA Budgets. The Community Preservation Committee plans to use the extra funds to pay down short-term debt for the new track on the Worthen Road fields. Last June, a one-year Bond Anticipation Note (BAN)was issued for $943,000. Winter weather delayed the project and those funds have not yet been expended, but it is expected that another BAN for approximately $900,000 can be issued in June 2020. It was noted that BANS can be paid off early without a penalty. • Over the weekend, a leaking water pipe caused major water damage to the Town's electronic systems. Fortunately, the schools were not impacted, but the Town's electronic services have not yet been restored. Minutes After a brief discussion, a motion was made and seconded to approve the minutes, as distributed by Mr. Levine, for January 30, 2020. The motion passed. VOTE: 7-0 CEC Positions on Capital Articles Using a list of the articles on which the CEC is planning to comment in its report to the 2020 ATM, Mr. Kanter noted that preliminarily the CEC does not object to any of those articles. He reviewed the list, providing a brief synopsis of each article. His review triggered questions posed by AC committee members. Mr. Kanter's responses included, but were not limited to, the following: Article 10: Appropriate the FY2020 CPC Operating Budget and CPA Projects: 1