2012-04-23-CEC-min - Laserfiche WebLink

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Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting Date, Place, and Location: April 23, 2012 7:00 P.M., Town Office Building, Room 111 Members Present: Charles Lamb, Chair; Ted Edson, Vice - Chair; Bill Hurley; Shirley Stolz; David Kanter Documents Presented: 1. Committee's Projection for the CPA Funding Available for FY2014 (Extract from the Committee's Report to the 2012 Annual Town Meeting [ATM] & 2012 Special Town Meeting, April 2, 2012, Page 12, released March 23, 2012) 2. Mr. Addelson's, Assistant Town Manager for Finance, Spreadsheet, April 20, 2012 "Financing Options for the Acquisition of the Wright Farm Property" Call to Order: Mr. Lamb called the meeting to order at 7:00 P.M. Approval of Minutes It was moved and seconded that the Minutes of the Committee's April 11, 2012, meeting, as reflected in the draft that had been distributed electronically, April 21, 2012, be approved. Vote: 4 -0 -1 (Mr. Edson abstained) It was moved and seconded that the Minutes of the Committee's April 20, 2012, meeting, as reflected in the draft that had been distributed electronically, April 21, 2012, with the additional changes presented today by Mr. Kanter, be approved. Vote: 4 -0 -1 (Mr. Lamb abstained) Supplemental Funding for Cary Memorial Library Energy Management Systems (EMS) For the purpose of getting Mr. Lamb's position on that matter —as he had been absent from the Committee's discussion and vote at its April 20, 2012, meeting —the Committee again addressed the request from Mr. Pat Goddard, Director of Lexington's Department of Public Facilities, for the Committee's questions or concerns over the use of available, prior -year, Building Envelope funding (2007 ATM, Article 31(j)) to complete the funding for the Library's new EMS. Mr. Kanter reiterated for Mr. Lamb's benefit that it had been suggested to Mr. Goddard that use of a more - recent - year's Building Envelope & Systems funding would clearly be within scope to be the supplement for the EMS project. After further discussion, it was moved and seconded to include Mr. Lamb's position; thereby making the Committee's vote not to concur with the use of those funds 4 -1 (Mr. Lamb concurred with the use). Mr. Kanter is to advise Mr. Goddard of the updated vote. Revisit Committee's Opinion on Supplemental FY2013 Funding to the Post Employment Insurance Liability Fund for the Other Post - Employment Benefits (OPEB) For the purpose of getting Mr. Lamb's position on that matter —as he had been absent from the Committee's discussion and vote at its April 20, 2012, meeting —the Committee again addressed the revision of its opinion expressed at the Budget Collaboration— Summit Meeting 7 on April 11, 2012, that it was reasonable to add another $500,000 to the OPEB fund from projected FY2013 health- benefits savings as a result of the Town and its Page 1 of 2