2011-03-01-CEC-min - Laserfiche WebLink

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current surcharge, but he discussed the many pros and cons that he considered in coming to that decision. The Committee voiced continued support that any of the Town's CPA - eligible projects should be submitted to the CPC for CPA funding so as to qualify for the State match to reduce the burden on our taxpayers. Ms. Manz indicated the CPC is not a planning body, but one that responds to the applications that are submitted to it. Approval at Town Meeting of the proposed reduction would put it into effect for fiscal year (FY) 2013. Over the 5 -year period (FY2007— FY2011) that the surcharge has been in place, so far, the Committee noted that State - matching funds of just over $6.4 million have been received in recognition of our taxpayers having paid a surcharge total of just under $11.3 million in the first four of those years — reflecting a cumulative return of nearly 57 %. (For the about $3.2 million surcharge being collected this fiscal year, the Town expects to receive in FY2012 a match of at least $0.86 million; which is at least a 27% match.) The Committee believes that Town Meeting's decisions regarding the use of the total CPA funding generally represents the constituents' views. The Committee discussed constituents' views along with the history of the CPA - funded projects, taxes, overall benefits to taxpayers, and flexibility in adjusting spending as needed. CPA has also assisted the Town in meeting the 10% quota of affordable housing under the State's Chapter 40b and in maintaining the historic aspect of the Town. Mr. Parker spoke as a Town Meeting Member who voted in favor of adopting the CPA — with the 3% surcharge. He sees that by doing so, the Town has had the ability to increase the quality of life through the approved projects. He does not believe there are any sufficient reasons to warrant changing CPA in Lexington at this time. The Committee deferred any formal vote on the Article until next week's meeting which all members are expected to attend. (Mr. Hurley left at this point.) Committee Report to the 2011 Annual Town Meeting: There was discussion regarding the status of the report and the future actions to complete the report. Members were encouraged to be sure to add value through the report. Agenda for the meeting on the 8th will include a continued discussion of Article 17 and a vote on it, as well as a review of the report and to consider taking further votes. Other Business: Another meeting is scheduled at 12 noon on Thursday, the 10 to review the report to Town Meeting. Recording Secretary is to post with agenda and reserve a room. At 9:57 a.m., a Motion was made by Mr. Kanter and seconded by Ms. Stolz to adjourn. Vote: Approved 3 -0. These Minutes were approved by the CEC at its meeting on March 8, 2011.