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Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting Date, Place, and Location: March 22, 2012 2:00 P.M., Town Office Building, Room G -15 Members Present: Ted Edson, Vice - Chair; Shirley Stolz; David Kanter Members Absent: Charles Lamb, Chair; Bill Hurley Document Presented: Draft #8 of the Capital Expenditures Committee Report to the 2012 Annual Town Meeting (ATM) & 2012 Special Town Meeting (STM), April 2, 2012 distributed electronically, March 21, 2012 Call to Order: Mr. Edson called the meeting to order at 2:00 P.M. Approval of Previous Meeting's Minutes: Mr. Edson advised that as he had not been present at the March 20, 2012, meeting of the Committee, he would have abstained from any vote on the approval of its Minutes —which approval had been voted at the Committee's meeting that morning. Approval of the Committee's Report to the 2012 ATM and 2012 STM (April 2, 2012): The Committee took further votes for the purpose of being able to include Mr. Edson's position along with those taken by the rest of the Committee at its meeting that morning. After the Committee reviewed Draft #8, it was moved and seconded that the Committee approve Article 23 (Appropriate from Debt Service Stabilization Fund) and Article 26 (Appropriate for Authorized Capital Improvements) considering the latest information that had been provided by Mr. Addelson, Assistant Town Manager for Finance, as reflected in that draft. Vote: 3 -0. (That made the composite vote 5 -0.) It was moved and seconded that the Committee approve Draft #8 as its report to the named Town Meetings, but with the understanding that Mr. Kanter was authorized to make further editorial and other changes that did not materially affect any of the language or positions of the Committee. Vote: 3 -0. (That made the composite vote 5 -0.) Adjourn: A Motion was made and seconded at 2:32 P.M. to adjourn. Vote: 3 -0 These Minutes were approved by the CEC at its meeting on March 26, 2012. Page 1 of 1