HomeMy WebLinkAbout1999-03-29-REC-min
Town of Lexington
Recreation Committee
Sandra Shaw, Chairman Tel: (781) 862-0500 x262
Pamela Varrin, Vice Chairman Fax: (781) 863-2350
Frederick DeAngelis
Donald A. Chisholm
Richard L. Neumeier
RECREATION COMMITTEE MINUTES
March 29, 1999
Members Present: Sandra Shaw, Don Chisholm, Dick Neumeier
Staff Present: Karen Simmons, Jon Jalbert
AGENDA:
1. Don represented Dick’s article this morning and gave an update. Karen said that Rick White
feels that the committee should go forward with the split- revenue generated tennis courts being
bonded out of the enterprise and the rest of the items in that article from the tax levy.
Dick presented John Ryan’s report on the numbers. Dick recommended that we pay a flat rate of
15% throughout the length of the bond.
Karen said that Brian Gilbert mentioned that he felt many of the numbers in the HMFH report
were off, specifically for the tennis courts, track and backstops. Karen gave Brian this report to
review the numbers in order to be more accurate.
Dick recommends the 20% (in year 2004) of the net debt service fee to cover the $1.7 million for
this article.
Karen is concerned that future capital projects will not be funded because of this payment toward
the debt service. Karen also stated that future program revenues might be lost because of the
school project, the library move to Cary Hall and the competition with Community Education for
space. With the loss of space we need to keep aware of future enterprise funds.
From 2004 to 2024 the net debt service would drop from $19,000 to $2,400, with 20% every
year and the tax levy paying the balance every year, or we pay a flat rate of $12,500 every year.
Center track should be done as soon as possible and then the Center Tennis Courts. The other
projects are not as urgent.
1625 MASSACHUSETTS AVENUE • LEXINGTON, MASSACHUSETTS 02420
2
The Recreation Committee agreed and voted to go ahead with 20% of the net debt service on
funding this article.
2. Sandra requested an overview of the enterprise from Karen so that she can present this
information to the Town Meeting members. She also wants an understanding of the fee-
generating areas.
Karen will go back to 1997 to the change in policy of the fee-generating funding and the state of
the enterprise from that point. She will show the changes from 1997, how we got to this point
and where we plan to go.
Just before Article 29, under Article 2, Sandra will do a report on the enterprise. Karen will
write up something for Sandra.
Don Chisholm will be presenting both Articles 29 and 30. Karen will notify the Town
Manager’s office of this change.
The meeting was adjourned.
NEXT MEETING: WEDNESDAY, APRIL 21, 1999
7:30 P.M.
Room G-15