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HomeMy WebLinkAbout2015-04-15-AC-min 04/15/15 AC Minutes Minutes Town of Lexington Appropriation Committee (AC) April 15,2015 Place and time- Lexington High School, Room 221, 7 00 p.m Members present Glenn Parker, Chair, John Bartenstem, Vice Chair and Secretary; Alan Levine, Susan McLeish, Eric Michelson, Richard Neumeier, Andrei Radulescu-Banu, Rob Addelson (non- voting, ex officio) Members absent Mollie Garberg; Beth Masterman Other attendees Melisa Tintocalis, Economic Development Director The meeting was called to order at 7 04 p.m 1 Announcements. Mr Levine cautioned that individual voting devices used dunng Town Meeting will sometimes power down if the equipment is out of the system's range for more than 10 minutes, e g., when the devices are brought to this Committee's meetings Mr Parker reported that there will be a hard hat tour of the new Lexington Community Center tomorrow at 4 00 p.m , those interested in attending should let him know 2. Annual Town Meeting (ATM), Reconsideration of Article 11(c). Appropriate for Municipal Capital Projects and Equipment, Parking Meter Replacement: Mr Addelson reviewed a spreadsheet that provided "crude modelling" of expenses and revenues for the Parking Meter Fund from FY2013 to FY2023, assuming new meters are purchased to implement a new parking program The following points were noted. • The projections include debt service associated with the purchase of new parking meters • Revenues are held constant from FY2015 going forward, there is no attempt to factor in revenue changes that might be triggered by new fees or resulting alterations in behavior patterns • The balance in the Parking Meter Fund would drop to its lowest point in FY2022, and then begin to increase again, as it has been doing in recent years • The funds remaining after debt service would be used exclusively for maintenance and enforcement. During the ensuing discussion, Ms Tintocalis and Mr Addelson clarified the following • The new parking meter plan would allow for the use of credit cards • Credit card fees would be covered in the police department's operating budget. • There are also costs associated with collecting cash, which will continue to be an option. • The main purpose of the new program is to change parking patterns and behavior, not to increase revenue There was general agreement that the Town should have a long-term capital plan focused on parking needs 1 04/15/15 AC Minutes A motion was made and seconded to support reconsideration of Article 11(c) The motion passed. VOTE 7-0 In the event that Town Meeting votes to reconsider, a motion was made and seconded to support Article 11(c) The motion passed. VOTE 7-0 The meeting was adjourned at 7.29 p.m The documents used at the meeting are listed below Respectfully submitted, Sara Arnold Recording Secretary Approved July 9, 2015 Exhibits 1 Agenda, posted by Mr Parker 2 Spreadsheet prepared by Mr Addelson regarding Parking Meter Fund projections 2