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Home My WebLink About2013-03-STM-33 Marrett Rd-rpt 33 Marrett Road Lexington Supreme Council, 33°, N.M.J., U.S.A. - 2002 ` March 18,2013 1 Town of Lexington 2013 Special Town Meeting Article 2 35 Year Journey • 1976 Senior Center Opens at Visitor's Center • 1978 Senior Center Moves to Church of our Redeemer • 1985 Senior Center to "Temporary" Location at Muzzey Condominiums • 2000 Senior Center Siting Committee Established, Town Meeting Appropriates $50,000 for Site Analysis • 2012 Community Center Task Force Report • 2013 33 Marrett Road Considered for Community Center March 18,2013 2 9.94 Acres 88 Parking Spaces / ` Also, Shared %` . I Parking with Museum Green Space Main Building , 'y. / IA" E?T fiOA6 32,500 gsf r '• N , ' opo -.i Loading Dock , P4"mss 1 : -- ,• w Carriage Hous i : , 1d LESR; lTO i.n of temligtor GIS 9,4 Le,E7 Adovnystratoktir44.pt a Loading Dock March 18,2013 3 Main Building 9.94 Acres III 88 Parking Spaces Also, Shared Parking with Museum Green Space - IT Main Building .� 32,500 sf y, • -- •••::,.---_• ( I : tti: ii .41F_' . . ,3 g - IIf" - Loading Dock i Carriage House + 5,260 sf 4, ,� � srr Loading Dock March 18,2013 4 33 Marrett Road • Lexington 4. ,_„,_ milismi.,....._____ ,:• ., . . ,__ 4A,s4, A■ ■■■■ Ir INI tinew litc LI ' _ _ . k .-'1 IT 1.__ _-__.....k.:-. % _ _s__ _ _ _ as ==- ., ...., _„ ... ., ilia , _ I k••.a, _-- March 18,2013 5 33 Marrett Road • Lexington , -i.... . .,. ....: , , .., ., .. .. .. 1.1 . • • til F •:,., 00 .. r ., . . PyJ .. .1 • V1 r III -' 1 III G • 11 ._ 4 # .1 II r ,[,.,J,, Illi . MI... ' MI rill ' i r'1 .. ` "5 .' " 1 i 11 11MIIIII .1:j. 1 March 18,2013 Original Headquarters 33 Marrett Road • Lexington 11111. _.,.. - t, . ,... .. • .. ....., _ ___ , • .1- 1_. , , 7: • _ , r i-ii I , kf I i --4iIIV21 d r .0004101. ,1 March 18,2013 2000 • New Addition 7 Main Building 9.94 Acres II 88 Parking Spaces Also, Shared Parking d` . with Museum Green Space , /,'. %. s Main Building :ii[ � II 32,500gsf ,, Loading Dock ® - _• ®, Ilil Carriage House - 5,260 sf . Loading Dock March 18,2013 Main Building 9.94 Acres 88 Parking Spaces ''f. ;..,.;i` Also, Shared Parking '.' . ^ 4. with Museum '.,: r; .`.- ,. Green Space .401e4 ...).• ry ., . w. Main Building :�` I (13 . 32,500 gsf - 1 •1 L 13 I E I, Loading Dock �° p II ®�, � ' , le Carriage House 5,260 sf Loading Dock March 18,2013 9 Green Space 9.94 Acres II 88 Parking Spaces , . x Also, Shared Parking •�'.' • with Museum Y. ,-:-,,..4. `. — -,M. Green Space Main Building �a, 3,: _ ��" , 32,500 gsf , �` �, 1,. „. } Loading Dock '. . Carriage House =__ 5,260 sf Loading Dock March 18,2013 10 C_' N riage e House 9.94 Acres 88 Parking Spaces Also, Shared Parking 'a '.v''' with Museum � .. Green Space � .` , e " . ;:;; ,,;, ,.,I1 *�{ f y Main Building �:' . Y4• /;7-v;-/-::4 Illi 32,500 gsf ' �? __ Loading Dock .,r_ - E I - _ = _ I Carriage House ' •, 5,260 sf - Loading Dock _ March 18,2013 11 /OVS MORno Town of Lexington s. E `: '3g 2013 Special Town Meeting \CeXING2� / Article 2 Summary of Negotiations 1. Initial offer: $ 8,000,000 2. Revised offer: $10,500,000 3. Final offer: $10,950,000 • Shared driveway easement • Additional shared parking with Museum • First Right of Refusal on Commander's House March 18,2013 M°a Town of Lexington ~'tl din 2013 Special Town Meeting \ \ •vnilp*x fkixcTOfi Article 2 Funding Sources CPA-Debt CPA-Cash Tax Levy-Cash Total 1 Town Offer $ 7,390,000 $ 3,560,000 $ 10,950,000 2 Debt Service-Year 1 $ 115,000 $ 115,000 3 Closing/Ancillary Costs $ 147,500 $ 147,500 4 Engineering: Code Compliance and Future Building Improvements $ 100,000 $ 100,000 5 Total $ 7,390,000 $ 362,500 $ 3,560,000 $11,312,500 March 18,2013 Town of Lexington 2013 Special Town Meeting zt airc Article 2 Impact on CPA Fund - Assumptions ■ The CPA revenue will grow annually by 3.5% ■ The annual State match will continue at 27.7% ■ 10% of annual projected revenue will be appropriated to 3 statutory reserves ■ 10% appropriated into a discretionary 4th reserve to fund recreation projects or supplement the 10% in each or all of the 3 statutory reserves ■ Financing of major current or future projects eligible for CPA funding be through debt— 10 year term assuming 4% interest rate ■ Major projects in the model include: • The Wright Farm acquisition • The Marrett Road acquisition • Improvements to 33 Marrett Road identified in the Cecil Report • Cary Hall renovations • Center Pool renovations • Center Track reconstruction March 18,2013 %_ ., Town of Lexington a�: Fein 2013 Special Town Meeting =a pi Article 2 ekix �cT�� Impact on CPA Fund - Long-Range Financing Model Debt Service - Carry- Statutory and Current/ Projected Forward Discretionary Projected Residual Revenue Balances Allocations Major Projects Balance FY14 $4.67 $1.96 $2.78 $0.04 $3.81 FY15 $4.83 $3.81 $2.08 $1.58 $4.98 FY16 $5.00 $4.98 $2.15 $3.85 $3.98 FY17 $5.18 $3.98 $2.22 $3.74 $3.20 FY18 $5.36 $3.20 $2.29 $3.80 $2.47 FY19 $5.55 $2.47 $2.37 $4.02 $1.63 FY20 $5.74 $1.63 $2.45 $3.89 $1.04 FY21 $5.94 $1.04 $2.53 $3.76 $0.69 FY22 $6.15 $0.69 $2.61 $3.64 $0.59 FY23 $6.36 $0.59 $2.70 $3.51 $0.75 FY24 $6.59 $0.75 $2.78 $3.39 $1.16 FY25 $6.82 $1.16 $2.88 $2.43 $2.68 In Mil ion Dollars ,v,arch 18,2013 /OVS MORry^,C Town of Lexington /O/ \\ 2013 Special Town Meeting au p* Article 2 CPA - Historic Preservation Restriction • Property will be protected by Historic Preservation Restriction • Restricts demolition or alteration of significant historical features • Does not impact use of the buildings • Restriction will allow future expansion of building and parking, if necessary • Rehabilitation work must comply with the Secretary of Interior's Standards for Rehabilitation March 18,2013 16 /OVS MORry^,C Town of Lexington t 2013 Special Town Meeting au p* Article 2 Next Steps • March 18: Consideration by Town Meeting. If approved, then -- • March 19: Scottish Rite 'Building Committee' Considers Town's Offer. If accepted, then -- • October-December 2013: Close on Purchase of Property • Create Community Center Advisory Committee to make recommendation on building improvements March 18,2013 17 /OVS MORry\^,C Town of Lexington '3g �' 2013 Special Town Meeting \CeXING2��/ Article 2 Creating a Community Center Phase 1 • Address Code Requirements Required for Occupancy • Tie in phone, computer, security systems to Town networks • Allocate Existing Space for Anticipated Initial Uses — Senior programs — Recreation programs — Human Services Offices • Anticipated Alterations — Add kitchen facilities — Create communal space March 18,2013 /OVS MORry\^,C Town of Lexington '3g 2013 Special Town Meeting \CeXING2 / Article 2 Creating a Community Center Phase 2 • Reorganize space for larger rooms • Add media equipment • Add exercise equipment, etc. • Construct second access road, if required March 18,2013 19 /OVS MORry\^,C Town of Lexington '3g 2013 Special Town Meeting \CeXING2 / Article 2 Creating a Community Center Phase 3 - Discretionary • Consider large function room/half gym • Add additional parking, if required • Add second access road if not created in Phase 2 March 18,2013 /OVS MORry\^,C Town of Lexington '3g 2013 Special Town Meeting \CeXING2 / Article 2 Creating a Community Center Operational Costs Included in Proposed FY2014 Operating Budget • $324,000: Facility costs for 7 day operation • $ 45,000: Grounds maintenance March 18,2013 Town of Lexington 2013 Special Town Meeting Article 2 Creating a Community Center Capital Financing • Community Fund-Raising • Friends of the Council on Aging Support • Community Preservation Act Funds • Tax Levy March 18,2013