HomeMy WebLinkAbout2007-03-28-AC-min
March 28, 2007
Minutes
Town of Lexington Appropriation Committee
March 28, 2007
Place and time: Cary Memorial Bldg., Legion Room, 6:30 P.M., Wednesday, March 28,
2007
Members present: Alan Levine (Chair), Deborah Brown (Vice Chair), John Bartenstein
(Secretary), Rod Cole, Richard Eurich, Pam Hoffman, David Kanter, Michael Kennealy,
Eric Michelson, Rob Addelson (ex officio, nonvoting)
The meeting was called to order at 6:39 P.M. with a quorum present.
1. The first topic of business was the proposed $150K for building envelope.
The concern was raised as to what this was to cover. Rob Addelson
reported that the intent is that the Town Manager has discretion. There is a
list of items currently identified as needing funding, but if something else
arises the money could be redirected. The currently identified items
include $8,210 for HVAC, $877 for sound system work, $1,600 for the
phone system, and $35,000 for code-related improvements to the second
floor of the Town Office Bldg.
2. Some details of the actuarial report for the town’s unfunded health
benefits liabilities were discussed. The unfunded liabilities have a pay-as-
you-go cost over the next 30 years of about $4 million per year, with
another $3 million per year needed to build the fund to fully funded status.
The report will be presented to the Board of Selectmen on April 18.
3. A brief discussion of Ben Cohen’s tax relief article was held. It is unclear
if he will go forward with his article.
The Chair will post a meeting for Monday at 8:00 AM.
The meeting was adjourned at 7:20 p.m.
Respectfully submitted,
Rod Cole
Approved January 3, 2008