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September 10, 2009 Minutes Town of Lexington Appropriation Committee September 10, 2009 Place and time: Legion Room, Cary Memorial Building, 7:30 PM Members present: Alan Levine (Chair), John Bartenstein (Vice Chair), Richard Eurich, Mollie Garberg, Susan McLeish (Secretary), Eric Michelson, Glenn Parker, and Rob Addelson (ex officio, non - voting). Visitors present: none The meeting was called to order at 7:38 PM. 1. Announcements and Reports o The Association of Town Finance Committees (ATFC) Annual Meeting will be held on Oct. 24 in Franklin, MA. Mollie Garberg plans to attend this meeting. See the Events calendar at http : / /www.massmunicipaljobs.com/ o Susan McLeish reported on the 8/31 Selectmen's Meeting. A Special Town Meeting is expected on Nov. 9, 2009, continuing on Nov. 16 and Nov. 18 as needed. 2. Future Meeting Schedule o There will be a Budget Summit meeting on Thu. 10 /1. o The Appropriation Committee plans to meet on Tue. 9/22, Thu. 10/8, Wed. 10/14, Wed. 10/21, Wed. 10/28, Wed. 11/4. 3. Preparation for Special Town Meeting o Rob Addelson was asked to provide revenue estimates and explanatory background for the new local option tax. Rob expects the town would receive approximately $500,000 /year in revenue from the new hotel and meals taxes. Assuming that the town institutes these new taxes promptly, this would mean an additional $250,000 in unallocated funds for FYI 0. o The new poles and wires telecom tax went into effect on June 1, 2009, but these funds were not incorporated into the official town budget. This will provide revenue at a rate of approximately $500,000 /year. o The town's free cash number will be submitted to the State in October and should be approved in time for the STM. o There will be three rezoning proposals on the warrant for the STM: Patriot Partners, Cubist Pharmaceuticals, and a minor change in the downtown area.