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HomeMy WebLinkAbout2013-10-16-CEC-minMinutes of the Lexington Capital Expenditures Committee (CEC) Meeting October 16, 2013 Location and Time: Town Office Building, Reed Room (111); 3:00 P.M. Members Present: Jill Hai, Chair; David Kanter, Vice - Chair; Beth Masterman; Wendy Manz Member Absent: Bill Hurley Others Present: Bob Pressman (Member, Community Preservation Committee) Documents Presented: • Draft #3, October 16, 2013, of the CEC Report to the November 4, 2013, Special Town Meeting ( "Fall STM ") • Draft Minutes for the October 10, 2013, CEC Meeting Call to Order: Ms. Hai called the meeting to order at 3:00 P.M. Draft #3 of the CEC Report to the Fall STM: The Committee reviewed that draft, made some changes, and took the following actions: • Article 2 (Amend FY2014 Operating, Enterprise Fund and Community Preservation Budgets): Agreed to leave a place- keeper entry pending advice from the Town on whether or not any action will be taken regarding the Community Preservation Budget. As that is the only part of the Article on which the Committee would report, if no action will be taken, that Article would be removed from the report. • Article 3 (Appropriate to and from Specific Stabilization Funds): At present, the only one of those funds on which the Committee would report is the Capital Projects /Debt Service Reserve /Building Renewal Fund. • Even though the specific dollar amount is yet to be determined —the fund source is understood to be the Town's General Fund (GF) —as that Fund supports future capital - related financial actions, a "straw vote" was taken that the Committee recommend approval, with a final vote to be taken when the purpose and fund source are known. Straw Vote: 4-0 • The Committee discussed the merit of including in the report under this Article the table that Mr. Kanter had included in the draft, but only for the Committee's information, regarding all of the current Specific Stabilization Funds. It was decided that the table would be of general interest as the purpose of all of those Funds is not well known. The Committee decided to include it in some form in its report and also to look into providing it to the Town Meeting Members Association (TMMA). • Article 4 (Appropriate for Modular Classrooms at the High School): Even though the specific dollar amount is yet to be determined —the current value is just the mid -point in an estimated range —the Committee found the proposed write -up, the proposed fund source being GF debt, and the planned financial model (the Model IV previously presented to the Committee) acceptable. (A later cost estimate is expected to be Page 1 of 3 Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting October 16, 2013 available before the Fall STM —and, hopefully, early enough to be addressed in the Committee's report.) A "straw vote" was taken that the Committee recommend approval, with a formal vote to be taken once the specific dollar amount is known. Straw Vote: 4 -0 • Article 5 (Appropriate for Renovations to Buildings to be Acquired at 39 Marrett Road) : o Mr. Kanter reported he had participated in a meeting this morning with Pat Goddard (Director, Department of Public Facilities); Michelle Ciccolo (Chair, Ad hoc Community Center Advisory Committee) (AhCCAC); Jon Himmel (Co- Chair, Permanent Building Committee); Teresa Wilson, Joseph Sirkovich, & Kevin Neumann (all principals of Steffian Bradley Architects (SBA) — consultants on the Community Center Project to be at 39 Marrett Road); and Kevin Putney (Senior Estimator, VJ Associates — subcontractor to SBA for the cost estimate for that project). • The purpose was to do a line -by -line review of the cost estimate that had been updated to reflect the changes in work scope (e.g., including substantial structural- reinforcement work) and reconsideration of contingencies and, as felt needed, further revise the latest cost estimate for that project. After that review, all parties had agreed to a very - substantially- increased "Total Project Cost ". • That cost is to be presented tomorrow morning to the AhCCAC and what that committee approves will be presented to the Board of Selectmen at its meeting next Monday evening (the 21 It will be presented to the Community Preservation Committee the following Thursday (the 24 at which time that committee will decide on what funding from the Town's Community Preservation Fund (CPF) to recommend to the Fall STM under this Article —with any balance having to come from the GF if the project were to proceed. o While this Committee found the proposed write -up to be sufficient, as the specific dollar amount to be requested and the allocation between the CPF and the GF are unknown at this time, no position was taken by this Committee. Approval of Minutes: It was moved and seconded to approve the Minutes for the October 10, 2013, meeting, as amended during the Committee's review today. Vote: 4 -0 Next Meeting: Because there is significant information on all the Articles upon which the Committee reports to the Fall STM that will not be known until October 25, 2013, it was agreed to add a meeting on October 27, 2013 at noon. Mr. Kanter will find a publically accessible location and request the Town Clerk's Office post the meeting. [Subsequently, the meeting time became 1:00 P.M.] The Committee hopes that by then there could be a final draft of its report to the Fall STM that can be reviewed and approved by all members at that meeting, subject only to editorial changes. If so, a best effort would be made to have Page 2 of 3 Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting October 16, 2013 the report published on the next day so as to meet the goal of the report being available one week before when the Town Meeting would have any Motion presented for a matter on which this Committee must report. Adjourn: A Motion was made and seconded at 4:36 P.M. to adjourn. Vote: 4 -0 These Minutes were approved by the CEC at its meeting on October 21, 2013. Page 3 of 3