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Capital Expenditures Committee (CEC) Meeting, October 27, 2009, 8:00 AM, Cary Memorial Building, <br />Stone Room <br />Members Present: David Kanter, Ted Edson (Vice - Chair), Charles Lamb (Chair), Shirley Stolz, & <br />Bill Hurley <br />Discussion of Community Preservation Act (CPA) Fund balance and proposal of policy for CPA <br />reserve. Committee seemed to resolve to $3M fund balance /reserve. <br />Discussion of Cotton Farm acquisition. <br />Recap of School renovations by Bill Hurley. MSBA reimbursement would be 30 %. <br />Discussion of Special Town Meeting Article 5 (Authorize Munroe School Disposition). <br />Adjourn: 10:00 AM <br />These Minutes were approved by the CEC at its meeting on April 28, 2010. <br />