HomeMy WebLinkAbout2013-03-18-CEC-minMinutes of the Lexington Capital Expenditures Committee (CEC) Meeting
March 18, 2013
Date, Place, and Location: March 18, 2013, 8:00 A.M., Town Office Building, Reed Room
(111)
Members Present: Charles Lamb, Chair; Beth Masterman, Vice - Chair; Jill Hai;
David Kanter
Member Absent: Bill Hurley
Documents Presented:
• CEC Report to the 2013 Special Town Meeting (STM), March 18, 2013 [with
corrected Pages 1 & 2]
• Draft #5 CEC Report to the 2013 Annual Town Meeting
• Spreadsheet "Compare CEC & Town FIVE -YEAR CAPITAL PLAN (FY2014—
FY2018)" [Years in title corrected]
Call to Order: Mr. Lamb called the meeting to order at 8:00 A.M.
Committee's Report to the 2013 STM, March 18, 2013: The Committee affirmed its
approval of the report. Vote 4 -0
Committee's Report to the 2013 Annual Town Meeting (ATM)
The Committee reviewed the Draft #5 and provided input for Mr. Kanter's use in preparing
the final, for - release, version. Included was a line -by -line comparison of what the
Committee had for FY2014— FY2017 in it's Five -Year Capital Plan presented in its Report to
the 2012 ATM and what was being recommend for FY2014— FY2018 in the Town's
"FY2014 Recommended Budget & Financing Plan ", Section XI —with the out -years being
on Pages XI -25 & -26. In that process, the Committee developed its Five -Year Capital Plan
for inclusion its Report to the 2013 ATM.
It was moved and seconded that the Committee approve the updated Draft #5 as
constituting its final report with the understanding that Mr. Kanter was authorized to
complete the remaining summary tables and make any further editorial changes that did not
substantially affect any of the positions of the Committee. Vote: 4-0
With that approval in hand, Mr. Kanter advised that he expected to have the report released
so that by next Monday, the 25 ", it could be posted to the Town's and the Town Meeting
Member Association's Web sites, and printed copies would also be available.
Adjourn: A Motion was made and seconded at 10:05 A.M. to adjourn. Vote: 4 -0
These Minutes were approved by the CEC at its meeting on April 10, 2013.
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