2012-01-10-CEC-min - Laserfiche WebLink

Browse Search

Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting Date, Place, and Location: January 10, 2012 8:00 a.m., Cary Memorial Building, Ellen Stone Room Members Present: Charles Lamb, Chair; Ted Edson, Vice - Chair; Shirley Stolz; David Kanter Member Absent: Bill Hurley Other Attendee: Rob Addelson, Assistant Town Manager for Finance Document Presented: "Fiscal Year 2013 Town Manager's Preliminary Budget & Financing Plan ", January 9, 2012 (the "White Book ") Mr. Lamb called the meeting to order at 8:00 a.m. Meeting Minutes Mr. Kanter explained to the Committee the recommended changes that had been made to the previously distributed draft Minutes for each of the following meetings. • November 22, 2011: A Motion was made and seconded to approve the Minutes with the changes as presented. Vote: 4 -0 • November 29, 2011: A Motion was made and seconded to approve the Minutes with the changes as presented. Vote: 4 -0 • December 6, 2011: The Committee affirmed the draft Minutes properly represented what had been its vote on the White House Stabilization Project. A Motion was made and seconded to approve the Minutes with the changes as presented. Vote: 3 -0 -1 (Mr. Edson abstaining) • December 13, 2011: A Motion was made and seconded to approve the Minutes with the changes as presented. Vote: 3 -0 -1 (Mr. Lamb abstaining) • December 20, 2011: A Motion was made and seconded to approve the Minutes with the changes as presented. Vote: 3 -0 -1 (Ms. Stolz abstaining) Mr. Kanter advised that he would be resubmitting to the Town Archives the Minutes for the meeting on November 8, 2011, after adding the missing (and required) "Member Absent" information. (The approval of those Minutes had allowed for Mr. Kanter to make any necessary editorial corrections.) Review of the FY2013 White Book The Committee discussed those projects that had been presented to it for FY2013 funding, but which are now proposed by the Town Manager to be deferred. (Pages XI -24 & 25) • Clarke Auditorium Lighting and Technology Upgrade ($220,000, with two follow -on- year fundings required to complete all the planned work): To help with balancing the budget, the proponent said this project could be deferred. • Energy Saving Projects ($100,000, with at least four follow -on -year fundings): Absent a specific offer from a utility, the proposed funding has been deferred. Page 1 of 5