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HomeMy WebLinkAbout2015-11-23-BOS-Packet-releasedSELEC T MEN'S MEETING Mo nday, No vember 23, 2015 Selec tmen Meeting Room 6:00 PM AGENDA EXECUTIVE SESSION 1.Exec utive S es s io n-Exemptio n 6: Up d ate o n Pelham Ro ad Pro perty 6:00 PM PUBLIC COMMENTS Pub lic c o mments are allo wed fo r up to 10 minutes at the b eginning of eac h meeting. Eac h s p eaker is limited to 3 minutes for comment. Memb ers of the Board will neither c o mment no r respond , o ther than to as k q ues tions of clarific ation. Speakers are encouraged to notify the Selec tmen's Offic e at 781-698-4580 if they wis h to s peak during pub lic comment to assist the Chairman in managing meeting times. SELECTMAN CONCERNS AND LIAISON REPORTS TOWN MANAGER REPORT ITEMS FOR INDIVIDUAL CONSIDERATION 1.Polling Loc ation and Lo cal Elec tio n Rec o mmendatio ns (10 min.)6:30 PM 2.Spec ial To wn Meeting Warrant 1 - Bo ard P o s itions (5 min.)6:40 PM 3.Update-His to ric Preservation Res tric tio n fo r Co mmunity Center Property (10 min.) 6:45 PM 4.Town Manager's Appointment to R ec reatio n Committee (3 min.)6:55 PM 5.Selec tmen Appointment - To wn Report C o mmittee (2 min.)6:58 PM 6.Tax C las s ificatio n Hearing (25 min.)7:00 PM 7.Cons ent Agenda 7:25 PM 1. Ap p ro ve Town Manager Vacation R eq uest 2. Us e o f the Battle Green - Minute Men His toric Exhib ition 3. Mes s age o f Co ndolence to Antony Sis ter City ADJOURN 1.Approximate Ad jo urn Time 7:30 PM The Selec tmen will reconvene for a joint meeting of the S electmen, Sc hool Committee, Approp riation C o mmittee and Cap ital Expend itures Co mmittee sc hed uled to b egin at 7:30 PM in Battin Hall, Cary Memorial Building, and the S electmen will reconvene in the S electmen's Meeting Room after the jo int meeting if they were unable to complete all the items o n their agenda. The next meeting of the Board o f Selec tmen is s ched uled fo r Wednes day, December 2, 2015, at 6:00 p .m. in the S electmen's Meeting R o o m, 1625 Massac hus etts Avenue. Hearing Assistance Devices Available on Request All agenda time and the order of items are approximate and subject to change. AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Executive Session-Exemption 6: Update on Pelham Road Property PRESENTER: Carl F. Valente, Town Manager ITEM NUMBER: SUMMARY: Sugges ted Motio n: Move that the Board go i nto Executive Session to consi der the purchase, exchange, l ease or value of real property, 20 Pelham Road, and to reconvene in Open Sessi on. Further, that as Chairm an, I decl are that an open m eeting m ay have a detrim ental effect on the negoti ating position of the Tow n. The Town Manager will p ro vide the Board with an up d ate o n nego tiatio ns and the p ro p erty appraisal. SUGGESTED MOTION: None FOLLOW-UP: DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 6:00 PM AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Polling Location and Local Election Recommendations (10 min.) PRESENTER: Nathalie Rice, Town Clerk ITEM NUMBER: I.1 SUMMARY: Ms . Ric e, Town C lerk, will be at your meeting to p res ent revis ed rec o mmend ations for p o lling loc ations SUGGESTED MOTION: Mo tion to : a) reloc ate Prec inc t 5 fro m the Sc ho o l Adminis tratio n Building to the Cary Memorial Building; b ) relo cate Precinc t 2 fro m the Bo wman School to the S cho o l Adminis tratio n Build ing; and c) relo cate Precinc t 3 fro m the Clarke Mid d le S cho o l to the Lexingto n Community Center. FOLLOW-UP: Town Clerk's Offic e DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 6:30 PM ATTACHMENTS: Des crip tion Typ e Memo with Recomendations for Polling Locations Cover Memo Town of Lexington Town Clerk’s Office Nathalie L. Rice, Town Clerk Tel: (781) 698-4557 Fax: (781) 861-2754 1 TO: Joseph Pato, Chair, Board of Selectmen FROM: Nathalie Rice, Town Clerk DATE: November 19, 2015 RE: Revision to Memo of November 5, 2015 regarding 2016 Polling Locations Upcoming Elections for 2016: March 1, 2016 [Tuesday] Presidential Primary March 1, 2016 [Tuesday] Annual Town Election September 8, 2016 [Thursday] State Primary November 8, 2016 [Tuesday] State Election This memo to the Board of Selectmen represents a revision to the Town Clerk’s memo of November 5, 2015 regarding the relocation of three polling locations in anticipation of the 2016 elections. In addition to addressing relocating polling locations, the Town Clerk also seeks to reaffirm the Board’s vote of October 6, 2008 to designate the Lexington High School as an alternate voting location in the event of an emergency. Therefore, the following recommendations are now made: Recommendation: That the Board of Selectmen vote to designate the following polling location changes to be effective January 1, 2016: (1) Relocate Precinct 4 from the Bridge School to the Cary Memorial Building, 1605 Massachusetts Avenue. (2) Relocate Precinct 6 from the Diamond Middle School to the Cary Memorial Building, 1605 Massachusetts Avenue. (3) Relocate Precinct 3 from the Clarke Middle School to the Lexington Community Center, 39 Marrett Road. (4) Vote to designate the Lexington High School as an alternate voting location in the event of emergency. These recommendations align with the Town Clerk’s goals to reduce interruption at the schools, insure safety and accessibility for all voters, reduce frequency of moving polling locations, minimize parking and traffic issues, and consolidate polling locations. As noted previously, flexibility will be needed in 2016 if school construction at the Maria Hastings School warrants relocation of the Precinct 9 polling location. 2 The necessary notification of the relocation of Precincts 3, 4 and 6 polling locations will be undertaken by the Town Clerk’s Office in coordination with the Selectmen, in conformance with State statute. Please let me know if I can be of further assistance to the Board regarding the recommendations outlined above. I look forward to meeting with you at your meeting on November 23rd. Thank you very much. Nathalie Rice, Town Clerk November 19, 2015 cc Carl Valente, Town Manager Donna Hooper, CIO AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Special Town Meeting Warrant 1 - Board Positions (5 min.) PRESENTER: Jo e Pato ITEM NUMBER: I.2 SUMMARY: Attac hed is the tab le of artic les for the Sp ecial To wn Meeting #1 in c as e you are ab le to begin taking positions . SUGGESTED MOTION: FOLLOW-UP: DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 6:40 PM ATTACHMENTS: Des crip tion Typ e Table for Article Pos itions Cover Memo Special Town Meeting #1 Warrant Cover Memo ARTICLE POSITIONS DECEMBER 2, 2015 SPECIAL TOWN MEETING #1 ARTICLE SPECIAL TOWN MEETING PRESENTATION JP PK NC MC SB AC CEC SC Article 2 Appropriate for School Facilities Capital Projects Article 3 Land Purchase and Improvements – 20 Pelham Road Article 4 Appropriate for Engineering Study – 20 Pelham Road TOWN WARRANT Town of Lexington Special Town Meeting #1 Commonwealth of Massachusetts Middlesex, ss. To any of the Constables of the Town of Lexington Greetings: In the name of the Commonwealth of Massachusetts, you are hereby directed to notify the inhabitants of the Town of Lexington qualified to vote in elections and in Town affairs to meet in the Margery Milne Battin Hall in Cary Memorial Building, 1605 Massachusetts Avenue, in said Town on Monday, November 2, 2015, at 7:30 p.m., at which time and place the following articles are to be acted upon and determined exclusively by the Town Meeting Members in accordance with Chapter 215 of the Acts of 1929, as amended, and subject to the referendum provided for by Section eight of said Chapter, as amended. NOTE: There is a possibility that the Cary Memorial Building renovation project will not be completed in time for Town Meeting to convene in the Margery Milne Battin Hall on November 2. If so, Town Meeting will be relocated to the Clarke Middle School Auditorium. Town Meeting Members will be notified via the TMMA listserv and the Town’s website, prior to November 2, of any relocation. Residents are asked to check the Town’s website to confirm the location of Town Meeting. Signage will also be placed in front of the Cary Memorial Building if the relocation is necessary. ARTICLE 1 REPORTS OF TOWN BOARDS, OFFICERS, COMMITTEES To receive the reports of any Board or Town Officer or of any Committee of the Town, or act in any other manner in relation thereto. (Inserted by the Board of Selectmen) DESCRIPTION: This article remains open throughout the Special Town Meeting. ARTICLE 2 APPROPRIATE FOR SCHOOL FACILITIES CAPITAL PROJECTS To see if the Town will vote to appropriate a sum of money for: continuing the school facility master planning study for specific capital projects for the Fiske, Hastings and Harrington Elementary Schools and the Clarke and Diamond Middle Schools; design, engineering and architectural services for these projects; and for the related remodeling, reconstruction or making extraordinary repairs to these or other school facilities; for the construction of the buildings, including original equipment and landscaping, paving and other site improvements incidental or directly related to such remodeling, reconstruction or repair, determine whether the money shall be provided by the tax levy, by transfer from available funds, by borrowing, or by any combination of these methods; determine if the Town will authorize the Selectmen to apply for, accept, expend and borrow in anticipation of state aid for such capital improvements; or act in any other manner in relation thereto. (Inserted by the School Committee) FUNDS REQUESTED: unknown at press time DESCRIPTION: This article is to request funding for the studies, design and construction of school facilities to address current and anticipated school enrollment. ARTICLE 3 LAND PURCHASE AND IMPROVEMENTS - 20 PELHAM ROAD To see if the Town will vote to authorize the Selectmen to purchase or otherwise acquire, or to take by eminent domain for municipal or school purposes, any fee, easement, or other interest in all or any part of land known as 20 Pelham Road and shown as lot 65A on Assessors’ Property Map 31, owned by the Congregation of Armenian Sisters of the Immaculate Conception, Inc.; for design, engineering and architectural services for plans and specifications and related costs; and to make access and site improvements and to remodel, reconstruct and make extraordinary repairs to the existing school building on such property; and to appropriate a sum of money therefor and determine whether the money shall be provided by the tax levy, by transfer from available funds, or by borrowing, or by any combination of these methods; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen) FUNDS REQUESTED: unknown at press time DESCRIPTION: This article requests funding to purchase the property at 20 Pelham Road for municipal or school purposes and to make access and site improvements, remodel, reconstruct and make extraordinary repairs to the existing school building on the property. ARTICLE 4 APPROPRIATE FOR ENGINEERING STUDY – 20 PELHAM ROAD To see if the Town will vote to raise and appropriate a sum of money for engineering studies and related costs for access roads and sidewalks connecting Pelham Road, the property at 20 Pelham Road and the Community Center at 39 Marrett Road and Marrett Road and any improvements that may be necessary to Pelham Road to access 20 Pelham Road; determine whether the money shall be provided by the tax levy, by transfer from available funds, by borrowing, or any combination of these methods; or act in any other manner in relation thereto. (Inserted by the Board of Selectmen) FUNDS REQUESTED: unknown at press time DESCRIPTION: Should Town Meeting approve the purchase of the 20 Pelham Road property, this Article would fund the engineering study for roadways and sidewalks to connect this property to the Community Center property, Marrett Road and Massachusetts Avenue. And you are directed to serve this warrant not less than fourteen days at least before the time of said meeting, as provided in the Bylaws of the Town. Hereof fail not and make due return of this warrant, with your doings thereon, to the Town Clerk, on or before the time of said meeting. Given under our hands this 5th day of October 2015. Joseph N. Pato Selectmen Peter C.J. Kelley Norman P. Cohen of Suzanne E. Barry Lexington A true copy, Attest: Richard W. Ham, Jr. Constable of Lexington AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Update-Historic Preservation Restriction for Community Center Property (10 min.) PRESENTER: Carl F. Valente, Town Manager ITEM NUMBER: I.3 SUMMARY: The Lexington His to rical Soc iety has agreed to hold the His toric Pres ervation R es tric tion (HPR) fo r the Community C enter property. The HPR is required bec ause this property was purchas ed us ing Co mmunity Preservation Ac t funds . T he Town Manager and His to rical Soc iety, with the as s is tanc e of Town Counsel, have b een working o n an HP R that is ac ceptab le to the To wn and HIs toric al Soc iety. T his d raft ad d res s es the p revious sugges tio ns rais ed by the Bo ard of S elec tmen at its meeting o n Sep tember 21. The Executive Committee o f the Histo rical S o c iety has ap p ro ved this draft. If ac ceptab le to the Bo ard of Selec tmen, this d raft HP R will b e sent to the Mas s achusetts Histo rical Commis s io n (MHC) , whic h must als o ap p ro ve it. Onc e MHC approval is received, it will then be s igned by the His toric al S o ciety and voted and s igned by the Board o f S electmen. SUGGESTED MOTION: None at this time. FOLLOW-UP: If this d raft is ac c ep table to the Board o f Selec tmen, it will then b e sent to the Mas s achusetts Histo rical Commission fo r its review and ap p ro val. DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 6:45 PM ATTACHMENTS: Des crip tion Typ e Draft Historic Pres ervation Res triction Agreement for Community Center Property Backup Material {A0297933.5 } PRESERVATION RESTRICTION AGREEMENT between THE TOWN OF LEXINGTON and THE LEXINGTON HISTORICAL SOCIETY THIS PRESERVATION RESTRICTION AGREEMENT (this “Restriction”) is made as of this __ day of ____________, 2015, by and between the TOWN OF LEXINGTON, a municipality of the Commonwealth of Massachusetts, acting by and through its Board of Selectmen, having an address of 1625 Massachusetts Ave., Lexington, MA 02420 (the "Town" or “Grantor”), and the Lexington Historical Society, a Massachusetts nonprofit corporation, having an address of P.O. Box 514, Lexington, MA 02420 (“Grantee”). WITNESSETH: WHEREAS, Grantor is owner in fee simple of certain real property and the improvements thereon located at 39 Marrett Road in the Town of Lexington, Middlesex County, (hereinafter the “Premises”), shown as “Lot 2” on the plan entitled “Plan of Land in Lexington, MA (Middlesex County)” prepared by Rober Survey, dated January 15, 2013 and recorded with the Middlesex South District Registry of Deeds (the “Registry”) as Plan 426 of 2013, a copy of which is attached hereto as Exhibit A and incorporated herein, being the same premises conveyed to Grantor in a deed dated December 4, 2013 from the Trustees of the Supreme Council of Scottish Rite and Freemasonry for the Northern Masonic Jurisdiction of the United States of America, to Grantor recorded with the Registry in Book 63021, Page 356 (the “Deed”). WHEREAS, the Premises includes (i) a building originally constructed in 1901 that was formerly used as a residence comprising approximately 4,600 square feet (the “Historic Residence”), (ii) which was expanded by approximately 26,000 square feet in 2000 (the “Administration Building”), and (iii) a carriage house (the “Carriage House”). The Carriage House, the Historic Residence and the Administration Building shall collectively be referred to herein as the “Buildings.” The Premises also includes approximately 10.3 acres of land. {A0297933.5 } 2 WHEREAS, the Premises are architecturally, historically and culturally significant properties meriting the protections of a perpetual preservation restriction under M.G.L. c. 184, §§ 31, 32 and 33. WHEREAS, the Premises’ preservation values are documented in a series of reports, drawings and photographs (hereinafter, the “Baseline Documentation”) incorporated herein by reference, which Baseline Documentation the parties agree provides an accurate representation of the Premises as of the date of this Preservation Restriction. WHEREAS, the Baseline Documentation consists of the following: A) The legal description of the Premises attached hereto and incorporated herein as Exhibit B; B) Lexington Assessor’s map showing the Premises attached hereto and incorporated herein as Exhibit C; C) Photographs of the Premises showing the condition of the Buildings and land as of the date hereof. All of the foregoing Baseline Documentation is on file with the Facilities Department of the Town. WHEREAS, the Grantee is interested in the preservation and conservation of sites, buildings, and objects of local, state and national significance in the Town of Lexington and is authorized to accept and hold preservation restrictions as defined under M.G.L. c. 184, § 31. WHEREAS, as a condition to the grant of Community Preservation Funds for the acquisition of the Premises, Grantor is required to place a preservation restriction on the Premises, and Grantor wishes to grant the same to Grantee. NOW, THEREFORE, in consideration of the foregoing, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor does hereby irrevocably grant and convey unto Grantee this Restriction, which shall apply in perpetuity to the Premises subject to the terms hereof. 1. Purpose. It is the purpose of this Restriction to protect the public investment in the restoration and rehabilitation of the historically significant Premises by ensuring that the architectural, historic, and cultural features of the Premises will be retained and maintained forever substantially in their current condition for preservation purposes, subject to the construction of improvements, as provided in Section 3 herein, and to prevent any use or change to the Premises that will materially impair or interfere with the Premises’ preservation values, subject to the construction of improvements, as provided in Section 3 herein. 2. Grantor's Covenant to Maintain. Grantor agrees at all times to maintain the exterior of the Buildings in at least the same structural condition and state of repair as that existing on the date of this Restriction, subject to improvements, as provided in Section 3 herein, {A0297933.5 } 3 and in accordance with applicable local, state and federal laws, rules, bylaws and regulations (collectively, “Legal Requirements”), and in accordance with The Secretary of the Interior's Standards for Rehabilitation (36 C.F.R. 68.3), as they may be amended from time to time (the “Secretary’s Standards”). Grantee does not assume any obligation for maintaining, repairing or administering the Premises and/or the Buildings. 3. Maintenance, Improvements and Alterations. 3.1 Grantor shall be entitled to the following rights, uses and activities on, over, or under the Premises without approval from Grantee, provided, however that they are performed in a manner that results in the least amount of adverse impact on the architectural, archeological or historic characteristics of the Buildings or Premises. If there shall be any question or doubt with respect to such impact, Grantee shall make such determination within five (5) business days after notification by Grantor: (a) the right to engage in all those activities and uses that are permitted by all applicable laws, codes and regulations and are not otherwise inconsistent with the terms and provisions of this Restriction; (b) the right to make changes of any kind to the interior or exterior of the Administration Building that do not affect the structural integrity of the Administration Building or affect the characteristics that contribute to the architectural, archeological or historical integrity of the Carriage House or the Historic Residence; (c) the right to maintain and repair the Buildings and Premises in accordance with the Secretary's Standards; and (d) the right to conduct landscaping of the Premises. 3.2 Grantor shall be entitled to the following rights, uses and activities on, over or under the Premises, provided, however, that Grantee is consulted for input as to design and location, as applicable, which input must be consistent with the Secretary’s Standards: (a) the right to demolish or relocate the brick wall constructed at the rear of the Administration Building along the southerly side of the Premises; (b) the right to remove the interior doors within the Historic Residence, provided that Grantor preserves the doors; (c) the right to install or upgrade heating, air-conditioning, electrical and plumbing systems, and security cameras serving the Administration Building and Carriage House, which may result in exterior appearance changes; (d) the right to construct additions and related appurtenances on the western and/or southern portions of the Administration Building that will be used as a function room, gymnasium, multi-purpose room and/or greenhouse, which additions and {A0297933.5 } 4 appurtenances will be compatible with the existing size and appearance of the Administration Building; (e) the right to construct and install all necessary improvements and structures (as such term is defined in the Massachusetts Building Code) to bring the Administration Building and the Carriage House into compliance with the Americans with Disabilities Act, 42 U.S.C. § 12101, et seq., and any state and local accessibility and zoning laws, codes, ordinances and rules; (f) the right to construct additional access roads, parking areas and sidewalks with related appurtenances to access the Administration Building and Carriage House running from Pelham Road, the property at 20 Pelham Road or Marrett Road, or, subject to Grantee’s approval, which may not be unreasonably withheld, conditioned, or delayed, the property at 20 Pelham Road through a portion of the brick and fieldstone wall along Marrett Road and along the Premises; [attach plan] (g) the right to install solar panels on the roofs of the Buildings, provided that they do not negatively impact the public view of the Buildings; (h) the right to install exterior signage identifying such things as parking and building names on the Premises; (i) the right to install permanent artwork on the premises; (j) the right to move the Carriage House to another location on the Premises near the Administration Building, provided that the Grantor uses its best efforts to retain the horse stalls in the basement of the Carriage House; and (k) the right to construct a playground, provided it does not negatively impact the architectural, archeological or historic characteristics of the Historic Residence or Carriage House. 3.3 Grantor shall be prohibited from making any other alteration or improvement of the Premises not otherwise expressly provided for in Sections 3.1 or 3.2, including demolition or moving of the Buildings and construction of new buildings, roadways or sidewalks, other than as specified in Section 3.2(f), on the Premises, unless (a) Grantee determines in its reasonable discretion that such alteration or improvement will not impair the characteristics that contribute to the architectural, archeological or historical integrity of the exterior of the Buildings or Premises or interior of the Historic Residence and Carriage House after reviewing plans and specifications submitted by Grantor or (b) required by casualty or other emergency promptly reported to Grantee in accordance with Section 6. This Agreement shall not be construed to prohibit possible future buildings on the Premises, but the siting, construction and maintenance of such buildings shall be subject to the terms hereof. 4. Standards for Review. The Grantee shall apply the Secretary's Standards whenever exercising any authority, right or privilege created by this Restriction. If the Secretary’s Standards are revoked, then the most recent version of the Secretary’s Standards {A0297933.5 } 5 shall apply to this Restriction as if such version had not been revoked unless the revoked Secretary’s Standards are replaced by successor guidelines or standards, in which event such successor guidelines or standards shall apply. 5. Notice and Approval. Wherever approval by the Grantee is required under this Restriction, Grantor shall request specific approval by the Grantee not less than thirty (30) days prior to the date Grantor intends to undertake the activity in question. The notice shall describe the nature, scope, design, location, timetable and any other material aspect of the proposed activity in sufficient detail to permit the Grantee to make an informed judgment as to its consistency with the purposes of this Restriction. Within thirty (30) days of receipt of Grantor’s reasonably sufficient request for said approval, the Grantee shall, in writing, grant or withhold its approval or request additional information relevant to the request and necessary to provide a basis for its decision. The Grantee’s approval shall not be unreasonably withheld and shall take into account the financial impact on the Town and shall not result in the Town violating any legal requirements, and shall be granted upon a reasonable showing that the proposed activity shall not materially impair the purposes of this Restriction. Failure of the Grantee to make a decision within thirty (30) days from receipt of Grantor’s notice shall constitute approval of the request as submitted. 6. Notice for Consultation. Wherever consultation with the Grantee is required under this Restriction, Grantor shall request consultation with the Grantee and provide conceptual plans in connection with said request. Within thirty (30) days of receipt of Grantor’s request for consultation, Grantee must acknowledge receipt of notice and confirm with Grantor that it desires to be consulted. Within sixty (60) days of receipt of Grantor’s request for said consultation, the Grantee shall complete the process of consultation, unless said period is extended upon mutual agreement in writing by Grantor and the Grantee. “Consultation” as used herein shall mean the seeking of advice, information and opinion, including formal discussion and collaboration. 7. Casualty Damage or Destruction. In the event that the Buildings or any part thereof shall be damaged or destroyed by fire or other casualty, Grantor shall promptly notify the Grantee in writing (but in no event later than seven (7) days after such casualty), such notification including what, if any, emergency work has been completed. Within ninety (90) days of the date of damage or destruction, Grantor, at Grantor's expense, shall obtain a written report prepared by a qualified restoration architect or an engineer or other qualified construction professional with experience in the restoration of historic buildings, which report shall include the following and which shall be delivered to Grantee: (a) an assessment of the nature and extent of the damage to the exterior and interior of the Buildings; (b) a determination of the feasibility of the repair and restoration of the exterior of the Buildings (or the damaged or destroyed exterior portions thereof); and (c) a detailed description of the repair and restoration work necessary to return the exterior of the Buildings to the condition existing at the date of this Restriction. {A0297933.5 } 6 If, after reviewing the report, Grantor determines that it is economically feasible for Grantor to repair or restore the Buildings to the condition that it is in on the date of this Restriction, Grantor shall do so in accordance with the terms of this Restriction. Grantor shall submit to the Grantee plans and specifications for the repair or restoration of the Buildings along with a construction schedule for such repair and restoration work. The Grantee shall have sixty (60) days to review such plans, specifications and schedule, and the parties shall proceed under this Restriction. If the Grantor determines, in its sole and absolute discretion, by written notice to Grantee, that it is not economically feasible to repair or reconstruct the Buildings or that the purpose of this Restriction would not be served by such repair or restoration, Grantor may alter, demolish, remove or raze the Building or construct new improvements on the Premises all in accordance with all applicable laws and regulations. In such event, Grantor and Grantee may agree to extinguish this Restriction in accordance with applicable laws. 8. Condemnation of the Premises. If the Buildings, or any substantial portion thereof, shall be made the subject of a procedure threatening a taking through eminent domain, or if Grantor shall receive notice from a governmental authority of the intent to institute such proceeding, Grantee shall immediately be given notice thereof by Grantor. Grantee shall have the right to enter its name as an additional party in eminent domain proceedings, pursuant to Massachusetts General Laws, Chapter 79, Section 5A, but shall not have the right to any monetary award which would diminish the award to be made to Grantor resulting from such taking. In the event of such taking, after Grantor has removed any items from the Building that it wishes to retain, Grantee shall have the right to enter the Buildings (or the portion thereof subject to such taking) for the purchase of choosing and removing for posterity any protected features, or portions thereof, together with the materials in which such features are set, that Grantee desires to salvage, prior to the effective date of such taking. 9. Insurance. Grantor shall keep the Buildings insured by an insurance company rated "A" or better by A.M. Best for the full replacement value against loss from the perils commonly insured under standard fire and extended coverage policies and comprehensive general liability insurance against claims for personal injury, death and property damage. Property damage insurance shall include change in condition and building ordinance coverage, in form and amount sufficient to fully replace the damaged Buildings without cost or expense to Grantor or contribution or coinsurance from Grantor except for a standard deductible. Grantor shall deliver to Grantee upon the execution and recording hereof certificates of such insurance coverage. 10. Archeological Activities. The conduct of archaeological activities on the Premises, including without limitation, survey, excavation and artifact retrieval, may occur only following the submission of an archaeological field investigation plan prepared by Grantor and approved in writing by the State Archaeologist of the Massachusetts Historical Commission (M.G.L. Ch. 9, Section 27C, 950 CMR 70.00). 11. Written Notice. Any notice which either Grantor or the Grantee may desire to give or be required to give to the other party shall be in writing and shall be delivered by overnight courier postage prepaid, registered or certified mail with return receipt requested, or hand delivery as follows: {A0297933.5 } 7 If to Grantor: Town Manager Town of Lexington 1625 Massachusetts Ave. Lexington, MA 02420 If to Grantee: Executive Director Lexington Historical Society P.O. Box 514 Lexington, MA 02420 Each party may change its address set forth herein by written notice to the other party given pursuant to this section. 12. Inspection. Grantor agrees that the Grantee may inspect the Premises from time to time upon reasonable notice to determine whether Grantor is in compliance with the terms of this Restriction. [Annually] and at the expense of the Grantor, Grantee shall prepare a report with photos demonstrating whether the Grantor has complied with this Agreement, and said report shall be submitted to the Board of Selectmen of the Town of Lexington and to the Massachusetts Historical Commission (“MHC”), if applicable . The report shall be prepared by a qualified preservation professional. Grantee shall promptly provide an invoice to Grantor of all reasonable costs and expenses associated with Grantee’s annual inspection and report, and Grantor shall be responsible for reimbursement to Grantee of said costs. In connection with said reimbursement, Grantor has established an account to fund such costs pursuant to a separate agreement between Grantor and Grantee. 13. Remedies. Grantee may, following sixty (60) days prior written notice to Grantor, institute suits to enjoin any violation of the terms of this Restriction by ex parte, temporary, preliminary or permanent injunction. Grantee shall also have available all legal and other equitable remedies to enforce Grantor’s obligations hereunder. 14. Runs with the Land. This Restriction and all of the covenants, agreements and restrictions contained herein shall be deemed to be a preservation restriction as that term is defined in M.G.L. c. 184, § 31 and as that term is used in M.G.L. c. 184, §§ 26, 31, 32 and 33. Grantee shall fully cooperate with the Grantor in its efforts to obtain any government approvals necessary for the perpetual enforcement of this Restriction, including but not limited to the approval of the Commissioner of the MHC as provided under M.G.L. c. 184, § 32. In the event that this Restriction in its current form is not acceptable to MHC for purposes of said approval, Grantee shall cooperate with the Grantor in making any and all modifications that are necessary to obtain said approval. The term of this Restriction shall be perpetual, subject to the provisions of Sections 7, 8 and 16. To the extent required by applicable law, the Grantor is authorized to record or file any notices or instruments appropriate to assure the perpetual enforceability of this Restriction. 15. Assignment. The Grantee may, with prior written consent from Grantor, which consent may not be unreasonably withheld, convey, assign or transfer this Restriction to a unit of {A0297933.5 } 8 federal, state or local government, or to a charitable corporation or trust qualified under M.G. L. Chapter 184, § 32, whose purposes include preservation of buildings or sites of historical significance, provided that any such conveyance, assignment or transfer requires that the purpose for which the Restriction was granted will continue to be carried out. 16. Extinguishment. Grantor and Grantee hereby acknowledge that there are certain circumstances that may warrant extinguishment of the Restriction. Such circumstances may include, but are not limited to, partial or total destruction of the Buildings resulting from casualty. Such an extinguishment must meet all of the requirements of M.G.L. c. 184, sections 31, 32 and 33 for extinguishment. 17. Authority. Each signatory to this Restriction represents that he or she is duly authorized to execute this Restriction on behalf of the party or parties he or she represents and that he or she has obtained all approvals and consents, if any, necessary to take said actions. 18. Recording. Grantor shall do and perform at its own cost all acts necessary for the prompt recording of this Restriction in the Registry. 19. Amendment. This Restriction may only be amended by mutual agreement of the parties in a written instrument recorded in the Registry; provided, however, that no such amendment shall affect the duration of this Agreement or the priority hereof for title purposes or adversely impact the overall architectural, cultural and historic values protected by this Agreement 20. Entire Agreement. This Restriction reflects the entire agreement between the parties. Any prior or simultaneous correspondence, understandings, agreements, and representations are null and void upon execution hereof, unless set out in this Restriction. 21. Governing Law. This Restriction shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. 22. Invalidity of Particular Provisions. If any term or provision of this Restriction, or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Restriction, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Restriction shall be valid and be enforceable to the fullest extent permitted by law. 23. Counterparts. This Restriction may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, but all of which together shall constitute one instrument. [Remainder of page intentionally left blank] {A0297933.5 } 9 EXECUTED under seal as of the date first written above. GRANTOR: TOWN OF LEXINGTON BOARD OF SELECTMEN _____________________________ Joseph Pato, Chairman _________________________ Peter C. J. Kelley _________________________ Norman P. Cohen _________________________ Michelle Ciccolo _________________________ Suzanne Barry GRANTEE: LEXINGTON HISTORICAL SOCIETY By:_______________________________ Name: Its: {A0297933.5 } 10 COMMONWEALTH OF MASSACHUSETTS COUNTY OF __________________________ On this ____ day of ______, 2015, before me, the undersigned notary public, personally appeared ________________________________________________________________, Members of the Board of Selectmen for the Town of Lexington, proved to me through satisfactory evidence of identification, which was ___________________________, to be the person whose name is signed on the preceding or attached document and acknowledged to me that he signed it voluntarily for its stated purpose. ____________________________________ Notary Public: COMMONWEALTH OF MASSACHUSETTS COUNTY OF __________________________ On this ____ day of ______, 2015, before me, the undersigned notary public, personally appeared ________________________________________________________________, of the Lexington Historical Society, proved to me through satisfactory evidence of identification, which was ___________________________, to be the person whose name is signed on the preceding or attached document and acknowledged to me that he/she signed it voluntarily for its stated purpose. ____________________________________ Notary Public: {A0297933.5 } 11 APPROVAL BY THE MASSACHUSETTS HISTORICAL COMMISSION The undersigned hereby certifies that the foregoing preservation restrictions have been approved pursuant to M.G.L. Chapter 184, Section 32. MASSACHUSETTS HISTORICAL COMMISSION By:___________________________ Name: Brona Simon Title: Executive Director and Clerk COMMONWEALTH OF MASSACHUSETTS COUNTY OF __________________________ On this ____ day of ______, 2015, before me, the undersigned notary public, personally appeared Brona Simon, proved to me through satisfactory evidence of identification, which was _____________________________________, to be the person whose name is signed on the preceding or attached document and acknowledged to me that she signed it voluntarily for its stated purpose, as Executive Director and Clerk of the Massachusetts Historical Commission. ____________________________________ Notary Public: {A0297933.5 } Exhibit A Plan (to be attached) {A0297933.5 } Exhibit B Legal Description The land with any improvements therein shown as “Lot 2” (comprising ‘Lot B1’ and ‘Lot A2’) on a plan entitled “Plan of Land in Lexington, MA”, dated January 15, 2013, prepared by Rober Survey, and recorded with the Middlesex South Registry of Deeds on June 19, 2013 as Plan Number 426 of 2013. {A0297933.5 } Exhibit C Lexington Assessor’s Map AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Town Manager's Appointment to Recreation Committee (3 min.) PRESENTER: Carl F. Valente, Town Manager ITEM NUMBER: I.4 SUMMARY: The Town Manager recommend s the acc eptanc e of the To wn Manager's appointment o f Jas o n Deno nc ourt to the Recreation C o mmittee. Mr. Deno nc o urt is filling the seat previo usly held b y Wendy Rudner. SUGGESTED MOTION: Mo ve to acc ept the Town Managers appointment of Jason Denoncourt to the Rec reation Co mmittee. FOLLOW-UP: Town Manager's Office will s end an ap p o intment letter. DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 6:55 PM ATTACHMENTS: Des crip tion Typ e Jas on Denoncourt Application Backup Material AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Selectmen Appointment - Town Report Committee (2 min.) PRESENTER: Jo e Pato ITEM NUMBER: I.5 SUMMARY: The Town Rep o rt Committee has req uested that Elaine Ashton be ap p o inted SUGGESTED MOTION: Mo tion to app o int Elaine As hto n to the To wn Report Co mmittee for a term to expire Septemb er 30, 2016. FOLLOW-UP: Selec tmen's O ffic e DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 6:58 PM ATTACHMENTS: Des crip tion Typ e Elaine Ashton Committee Application Backup Material AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Tax Classification Hearing (25 min.) PRESENTER: Ro b Addelso n ITEM NUMBER: I.6 SUMMARY: On Novemb er 16, 2015, the Board o f Assessors p res ented informatio n to the Board o f S electmen o n fac tors that will affec t the determination o f the F is c al Year 2016 tax rate. This was the first of three meetings on s etting the rate. This agenda item is for the p urpos e o f ho ld ing a tax classific ation hearing to cons id er tax rate setting optio ns available under p ro p erty tax c las s ificatio n and to take pub lic comment on c las s ificatio n. The attac hed F is c al Year 2016 Tax C las s ificatio n Pac ket includ es a pres entatio n o f these o p tions . Please note changes to Exhibits A and D, whic h were includ ed in your November 16 th agenda p acket. In Exhibit A, the amount o f the “Deb t Exclus ion Inc rement” s hown in that portio n of the Exhib it titled “Fac tors Affec ting Determination of FY2016 Levy Limit” has b een revised downward from $984,536 to $901,365. Cons eq uently, the amount of the Maximum Allo wable Levy Limit has b een red uc ed b y the s ame amo unt, the tax rates in the shift table have fallen by $0.01 to $0.02 d ep ending o n the shift fac to r, and the “% Levy Change: FY15 to F Y16” fo r C-I-P and Res idential has fallen as well by 0.05%. In Exhib it D, F Y15 and FY16 indus trial values were sho wn as net o f ass es s ed values that are exemp t from taxatio n due to existing tax inc rement financing agreements. For the p urpose o f this exhib it whic h is to highlight the changes in market value of p ro p erties net o f the imp acts of new growth, thes e values sho uld have b een s hown as gros s indus trial values . They have been revis ed ac cordingly in the pac ket attac hed with the p rimary res ult b eing the change in p ercentages fo r c ertain c las s es of p ro p erties in rows 8 to 11. It is p ro p o s ed that the Board set an FY2016 tax rate at its meeting of December 2nd. At that time, the Board must take four vo tes which are d es c rib ed in the memo randum fro m the Bo ard of As s es s ors to the Board of Selec tmen inc luded in the attac hed Fisc al Year 2016 Tax Clas s ificatio n Pac ket . The vo tes are to : Estab lis h a res id ential fac tor (s ee Exhibit A); Determine whether to ad o p t the Open Spac e Dis count; Determine whether to ad o p t the Res idential Exemp tion and , if so, the perc entage (up to 20 perc ent); Determine whether to ad o p t the Small Commerc ial Exemptio n SUGGESTED MOTION: FOLLOW-UP: DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 7:00 PM ATTACHMENTS: Des crip tion Typ e Tax Classification Packet Pres entation Town of Lexington Fiscal Year 2016 Tax Classification Packet Prepared for: Lexington Board of Selectmen Prepared by: Lexington Assessors Office Chairman, Gregory A. Johnson Member, Edmund C. Grant Member, Casimir R. Groblewski Robert F. Lent, Director of Assessing Tax Classification Hearing November 23, 2015 1 MEMO To: Lexington Board of Selectmen From: Lexington Board of Assessors Subject: FY2016 Tax Classification Process Date: November 23, 2015 On December 2, 2015, the Board of Selectmen are scheduled to set a tax rate for FY16. Massachusetts General Laws requires the Board of Selectmen to consider four selections with respect to the setting the FY2016 tax rate. The decision of the Board for each alternative must be submitted to the DOR on form LA5. The four (4) selections are: 1. Selection of a residential factor 2. Selection of a discount for Open Space 3. A residential exemption 4. A small commercial exemption These selections are discussed below. 1. Selection of a residential factor. The Board of Selectmen may adopt a residential factor, thus increasing the commercial, industrial, and personal property (C-I-P) tax rate by a maximum factor of 1.750. The attached Exhibits A & B demonstrate the shift that the various C-I-P factors have on the percentage of the tax levy borne by each class and the resulting tax rates. 110 of the 351 communities in Massachusetts adopted this component of classification in fiscal year 2015. 2. Selection of a discount for Open Space. Massachusetts General Law Chapter 59 Sec. 2A Defines Class 2 Open Space as: "..land which is not otherwise classified and which is not taxable under provisions of chapters 61, 61A or 61B, or taxable under a permanent conservation restriction, and which land is not held for the production of income but is maintained in an open or natural condition and which contributes significantly to the benefit and enjoyment of the public." A maximum exemption of 25% may be adopted for all property that is classified as Open Space. The Assessors have not identified any property that meets the definition of Open Space according to the statute. The most recent data available shows that as of FY2013, Bedford was the only community in the Commonwealth of MA to adopt this exemption. 3. Residential exemption. The Board of Selectmen may adopt a maximum residential exemption of 20%. This exemption applies only to owner-occupied properties. Those below the break-even point realize a reduction in taxes and those above pay additional taxes. Non owner-occupied properties would have a substantial increase in taxes including apartments and vacant land. Refer to the example in Exhibit H in this classification packet. 2 Board of Selectmen Tax Classification Process November 17, 2014 Thirteen (13) communities in the Commonwealth of MA, typically those with a substantial base of rental units, adopted this exemption in FY2015 including Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett, Malden, Nantucket, Somerset, Somerville, Tisbury, Waltham and Watertown. In Lexington in FY2016, Single Family Dwellings have an average assessed value of about $887,000 (rounded); however, the average assessed value for all “residential parcels” in Lexington (including the following categories: single family dwellings, two & three family buildings, vacant land, condominiums, and apartment buildings is (rounded): $823,000 4. Small commercial exemption An exemption of up to 10% of the property valuation can be granted to commercial (not industrial) property that meets the requirements of the law. To qualify, eligible businesses must have occupied the property as of January 1, must have had no more than ten (10) employees during the previous calendar year and the building must have a valuation of less than $1,000,000. While the eligible business owners do not have to own the building, all occupants of the commercial portion of the building must qualify. Ten (10) Commonwealth of MA communities adopted the small commercial exemption in FY2015 including Auburn, Avon, Bellingham, Braintree, Dartmouth, New Ashford, Seekonk, Somerset, Westford, and Wrentham. FY2015 FY2016 % CHANGE $155,710,065 N/A $155,710,065 $162,990,731 4.68%$0 0.00% $155,635,871 $162,990,731 4.73%$3,707,168 2.38% $8,197,256,180 $8,862,601,990 8.12%$2,672,133 1.72% $1,162,358,910 $1,185,945,695 2.03%$0 0.00% $9,359,615,090 $10,048,547,685 7.36%901,365 0.58% $14.86 T.B.D.T.B.D.$162,990,731 4.68% $29.10 T.B.D.T.B.D. C-I-P RESID C-I-P RES C-I-P RESID C-I-P RESID C-I-P RESID COMMENTS 1.000 1.000 11.80%88.20%19,236,427$ 143,754,303$ $16.22 $16.22 -43.13%18.01%SINGLE TAX RATE 1.050 0.993 12.39%87.61%20,198,248$ 142,792,482$ $17.03 $16.11 -40.29%17.22% 1.100 0.987 12.98%87.02%21,160,070$ 141,830,661$ $17.84 $16.00 -37.44%16.43% 1.150 0.980 13.57%86.43%22,121,891$ 140,868,839$ $18.65 $15.89 -34.60%15.65% 1.200 0.973 14.16%85.84%23,083,713$ 139,907,018$ $19.46 $15.79 -31.75%14.86% 1.250 0.967 14.75%85.25%24,045,534$ 138,945,197$ $20.28 $15.68 -28.91%14.07% 1.300 0.960 15.34%84.66%25,007,355$ 137,983,375$ $21.09 $15.57 -26.07%13.28% 1.350 0.953 15.93%84.07%25,969,177$ 137,021,554$ $21.90 $15.46 -23.22%12.49% 1.400 0.946 16.52%83.48%26,930,998$ 136,059,733$ $22.71 $15.35 -20.38%11.70% 1.450 0.940 17.11%82.89%27,892,819$ 135,097,911$ $23.52 $15.24 -17.54%10.91% 1.500 0.933 17.70%82.30%28,854,641$ 134,136,090$ $24.33 $15.14 -14.69%10.12% 1.550 0.926 18.29%81.71%29,816,462$ 133,174,269$ $25.14 $15.03 -11.85%9.33% 1.560 0.925 18.41%81.59%30,008,826$ 132,981,904$ $25.30 $15.00 -11.28%9.17% 1.570 0.924 18.53%81.47%30,201,191$ 132,789,540$ $25.47 $14.98 -10.71%9.01% 1.580 0.922 18.65%81.35%30,393,555$ 132,597,176$ $25.63 $14.96 -10.14%8.85% 1.590 0.921 18.77%81.23%30,585,919$ 132,404,811$ $25.79 $14.94 -9.58%8.70% 1.600 0.920 18.88%81.12%30,778,283$ 132,212,447$ $25.95 $14.92 -9.01%8.54% 1.610 0.918 19.00%81.00%30,970,648$ 132,020,083$ $26.11 $14.90 -8.44%8.38% 1.620 0.917 19.12%80.88%31,163,012$ 131,827,719$ $26.28 $14.87 -7.87%8.22% 1.630 0.916 19.24%80.76%31,355,376$ 131,635,354$ $26.44 $14.85 -7.30%8.07% 1.640 0.914 19.36%80.64%31,547,740$ 131,442,990$ $26.60 $14.83 -6.73%7.91% 1.650 0.913 19.47%80.53%31,740,105$ 131,250,626$ $26.76 $14.81 -6.16%7.75% 1.660 0.912 19.59%80.41%31,932,469$ 131,058,262$ $26.93 $14.79 -5.59%7.59% 1.670 0.910 19.71%80.29%32,124,833$ 130,865,897$ $27.09 $14.77 -5.03%7.43% 1.680 0.909 19.83%80.17%32,317,198$ 130,673,533$ $27.25 $14.74 -4.46%7.28% 1.690 0.908 19.95%80.05%32,509,562$ 130,481,169$ $27.41 $14.72 -3.89%7.12% 1.700 0.906 20.06%79.94%32,701,926$ 130,288,804$ $27.57 $14.70 -3.32%6.96% 1.710 0.905 20.18%79.82%32,894,290$ 130,096,440$ $27.74 $14.68 -2.75%6.80% 1.720 0.904 20.30%79.70%33,086,655$ 129,904,076$ $27.90 $14.66 -2.18%6.64% 1.730 0.902 20.42%79.58%33,279,019$ 129,711,712$ $28.06 $14.64 -1.61%6.49% 1.740 0.901 20.54%79.46%33,471,383$ 129,519,347$ $28.22 $14.61 -1.04%6.33% 1.750 0.900 20.65%79.35%33,663,747$ 129,326,983$ $28.39 $14.59 -0.48%6.17%FY16 MAX SHIFT Amended FY15 New Growth Residential Valuation New Growth Increment Comm + Indl + PP Valuation Override Tax Levy (FY15 actual, and FY16 levy limit) Proposition 2 1/2 increment % LEVY CHNG: FY15 TO FY16 EXHIBIT A: ALTERNATIVE TAX RATE SCENARIOS FOR FY2016 FY2015-FY2016 Change in Levy Limit and Values Factors Affecting Determination of FY2016 Levy Limit FY2015 Maximum Allowable Levy Limit Maximum Allowable Levy Limit FACTOR % SHARE OF LEVY TAX LEVY TAX RATE Total Valuation Debt Exclusion Increment Residential Tax Rate FY2016 Maximum Allowable Levy Limit Comm/Indl/PP Tax Rate 3 MAXIMUM RES CIP TOTAL CIP FY LEVY VALUE VALUE VALUE % VALUE %LEVY % VALUE %LEVY FACTOR 1982 $25,840,699 $981,805,500 $260,146,400 $1,241,951,900 79.05%72.07%20.95%27.93%1.43 1983 $27,069,102 $990,919,800 $276,376,600 $1,267,296,400 78.19%71.06%21.81%28.94%1.33 1984 $28,022,798 $997,961,400 $296,494,700 $1,294,456,100 77.10%69.73%22.90%30.27%1.32 1985 $29,632,914 $1,007,078,700 $301,942,600 $1,309,021,300 76.93%68.88%23.07%31.12%1.32 1986 $31,019,098 $1,020,964,400 $317,326,500 $1,338,290,900 76.29%68.76%23.71%31.24%1.32 1987 $33,153,338 $2,235,803,100 $666,024,100 $2,901,827,200 77.05%67.03%22.95%32.97%1.44 1988 $34,836,855 $2,255,006,000 $674,748,700 $2,929,754,700 76.97%66.81%23.03%33.19%1.44 1989 $37,264,901 $2,301,575,500 $673,074,254 $2,974,649,754 77.37%67.26%22.63%32.75%1.45 1990 $40,392,000 $2,928,897,300 $843,484,600 $3,772,381,900 77.64%66.71%22.36%33.29%1.49 1991 $42,322,992 $2,620,862,100 $586,620,600 $3,207,482,700 81.71%69.14%18.29%30.86%1.69 1992 $43,474,747 $2,519,321,000 $532,077,800 $3,051,398,800 82.56%70.86%17.44%29.14%1.67 1993 $47,365,952 $2,574,645,700 $460,616,200 $3,035,261,900 84.82%74.14%15.18%25.86%1.70 1994 $48,686,562 $2,633,197,000 $420,527,200 $3,053,724,200 86.23%76.59%13.77%23.41%1.70 1995 $50,261,924 $2,801,492,000 $415,545,200 $3,217,037,200 87.08%78.04%12.92%21.96%1.70 1996 $53,185,783 $2,975,007,040 $433,858,760 $3,408,865,800 87.27%78.36%12.73%21.64%1.70 1997 $54,713,901 $3,099,278,410 $445,558,740 $3,544,837,150 87.43%78.63%12.57%21.37%1.70 1998 $56,940,636 $3,300,687,100 $494,410,360 $3,795,097,460 86.97%77.85%13.03%22.15%1.70 1999 $58,891,464 $3,523,737,000 $565,977,160 $4,089,714,160 86.16%76.47%13.84%23.53%1.70 2000 $61,263,839 $3,761,567,000 $744,710,290 $4,506,277,290 83.47%75.21%16.53%24.79%1.50 2001 $68,753,066 $4,200,706,000 $814,607,290 $5,015,313,290 83.76%74.01%16.24%25.99%1.60 2002 $72,024,765 $4,706,431,500 $911,710,050 $5,618,141,550 83.77%73.71%16.23%26.29%1.62 2003 $75,793,067 $5,186,133,750 $897,438,810 $6,083,572,560 85.25%74.92%14.75%25.08%1.70 2004 $82,109,040 $6,018,408,000 $892,768,060 $6,911,176,060 87.08%76.75%12.92%23.25%1.80 2005 $91,165,834 $6,275,351,000 $870,816,360 $7,146,167,360 87.81%78.07%12.19%21.93%1.80 2006 $94,751,711 $6,823,275,250 $862,993,280 $7,686,268,530 88.77%80.01%11.23%19.99%1.78 2007 $101,074,790 $7,135,277,500 $923,957,080 $8,059,234,580 88.54%80.05%11.46%19.95%1.74 2008 $110,222,125 $6,945,049,000 $984,115,350 $7,929,164,350 87.59%78.90%12.42%21.10%1.70 2009 $116,338,164 $6,991,353,500 $1,042,254,630 $8,033,608,130 87.03%77.95%12.97%22.05%1.70 2010 $121,725,000 $6,896,447,750 $995,142,860 $7,891,590,610 87.39%77.72%12.61%22.28%1.70 2011 $127,955,723 $6,953,985,750 $1,019,733,440 $7,973,719,190 87.21%77.59%12.79%22.41%1.70 2012 $134,337,548 $6,974,904,000 $1,051,783,320 $8,026,687,320 86.90%77.72%13.10%22.28%1.70 2013 $141,639,397 $7,196,488,310 $1,111,468,450 $8,307,956,760 86.62%77.26%13.38%22.74%1.70 2014 $148,761,313 $7,411,620,000 $1,143,975,350 $8,555,595,350 86.63%77.27%13.37%22.73%1.70 2015 $155,710,065 $8,197,256,180 $1,162,358,910 $9,359,615,090 87.58%77.27%12.42%22.73%1.75 2016 $154,666,034 $8,862,601,990 $1,185,945,695 $10,048,547,685 88.20%TBD 11.80%TBD TBD Note: CIP value is net of portion of value that is not taxable due to TIF agreements. EXHIBIT B: HISTORICAL LEVY SUMMARY CIPRESIDENTIAL 4 Fiscal Year (*) SINGLE FAMILY DWELLING VALUATION NUMBER OF SINGLE FAMILY DWELLINGS AVERAGE SFD A / V PERCENT INCREASE A / V TAX RATE AVERAGE TAXES PERCENT INCREASE TAXES CIP FACTOR TOTAL (Taxable RE & PP) 1992 $2,268,576,000 8,682 $261,296 N/A $12.23 $3,195.66 N/A 1.67 $3,051,398,800 1993 $2,324,384,000 8,715 $266,711 2.07%$13.64 $3,637.93 13.84%1.70 $3,035,261,900 1994 $2,386,608,000 8,734 $273,255 2.45%$14.16 $3,869.29 6.36%1.70 $3,053,724,200 1995 $2,535,745,000 8,752 $289,733 6.03%$14.00 $4,056.26 4.83%1.70 $3,217,037,200 1996 $2,681,040,000 8,758 $306,125 5.66%$14.01 $4,288.81 5.73%1.70 $3,408,865,800 1997 $2,791,978,000 8,775 $318,174 3.94%$13.88 $4,416.26 2.97%1.70 $3,544,837,150 1998 $2,975,012,000 8,798 $338,146 6.28%$13.43 $4,541.31 2.83%1.70 $3,795,097,460 1999 $3,171,199,000 8,810 $359,954 6.45%$12.79 $4,603.82 1.38%1.70 $4,089,714,160 2000 $3,376,143,000 8,821 $382,739 6.33%$12.25 $4,688.56 1.84%1.50 $4,506,277,290 2001 $3,777,857,000 8,840 $427,359 11.66%$12.11 $5,175.32 10.38%1.60 $5,015,313,290 2002 $4,225,339,000 8,845 $477,709 11.78%$11.28 $5,388.56 4.12%1.62 $5,618,141,550 2003 $4,693,071,000 8,898 $527,430 10.41%$10.95 $5,775.36 7.18%1.70 $6,083,572,560 2004 $5,456,206,000 8,887 $613,954 16.40%$10.47 $6,428.09 11.30%1.80 $6,911,176,060 2005 $5,687,532,000 8,899 $639,120 4.10%$11.34 $7,247.62 12.75%1.80 $7,146,167,360 2006 $6,206,172,000 8,910 $696,540 8.98%$11.11 $7,738.56 6.77%1.78 $7,686,268,530 2007 $6,499,630,000 8,917 $728,903 4.65%$11.34 $8,265.76 6.81%1.74 $8,059,234,580 2008 $6,262,572,000 8,922 $701,925 -3.70%$12.52 $8,788.10 6.32%1.70 $7,929,164,350 2009 $6,274,760,000 8,934 $702,346 0.06%$12.97 $9,109.43 3.66%1.70 $8,033,608,130 2010 $6,184,505,000 8,944 $691,470 -1.55%$13.86 $9,583.77 5.21%1.70 $7,891,590,610 2011 $6,234,563,000 8,949 $696,677 0.75%$14.40 $10,032.15 4.68%1.70 $7,973,719,190 2012 $6,251,243,000 8,963 $697,450 0.11%$14.97 $10,440.82 4.07%1.70 $8,026,687,330 2013 $6,441,950,000 8,978 $717,526 2.88%$15.20 $10,906.40 4.46%1.70 $8,307,656,760 2014 $6,658,875,000 8,996 $740,204 3.16%$15.51 $11,480.56 5.26%1.70 $8,555,595,350 2015 $7,385,759,000 9,003 $820,366 10.83%$14.86 $12,190.65 6.19%1.75 $9,359,615,090 2016 $8,008,381,000 9,025 $887,355 8.17%TBD TBD TBD TBD $10,048,547,685 * All values are inclusive of new growth EXHIBIT C: HISTORY OF AVERAGE SINGLE FAMILY DWELLING AND TAX BURDEN - FY1992 TO PRESENT 5 (a)(b)( c )(d)(e)(f)(g) Residential ( R )Commercial ( C )Industrial (I) Commercial + Industrial Combined Personal Property (P)C-I-P Subtotal Total Assessed (1)FY 15 Assessed Value $8,197,256,180 $662,842,420 $363,393,000 $1,026,235,420 $180,027,950 $1,206,263,370 $9,403,519,550 (2)FY 16 Assessed Value $8,862,601,990 $664,672,810 $374,684,000 $1,039,356,810 $184,381,060 $1,223,737,870 $10,086,339,860 (3)$ increase $665,345,810 $1,830,390 $11,291,000 $13,121,390 $4,353,110 $17,474,500 $682,820,310 (4)% increase 8.12%0.28%3.11%1.28%2.42%1.45%7.26% (5)FY 16 New Growth $115,275,000 $619,000 $6,784,501 $7,403,501 $25,556,850 $32,960,351 $148,235,351 (6)FY 16 Assessed Value less New $8,747,326,990 $664,053,810 $367,899,499 $1,031,953,309 $158,824,210 $1,190,777,519 $9,938,104,509 (7)$ incr./decr. vs. FY 15 $550,070,810 $1,211,390 $4,506,499 $5,717,889 ($21,203,740)($15,485,851)$534,584,959 (8)% incr./decr. vs. FY 15 6.71%0.18%1.24%0.56%-11.78%-1.28%5.68% (9)FY 15 share of total value 87.17%7.05%3.86%10.91%1.91%12.83% (10)FY 16 share of total value w/o growth 88.02%6.68%3.70%10.38%1.60%11.98% (11)Change 0.85%-0.37%-0.16%-0.53%-0.32%-0.85% EXHIBIT D: ASSESSED VALUES BY CLASS: FY2015 TO FY2016 (as approved by the Department of Revenue) Note: Industrial value is gross assessed value and includes that portion of value that is not taxable due to TIF agreements. 6 RESIDENTIAL SINGLE FAMILY DWELLING (# props = 9,025)Single Resid Net of New Growth >>> (Does not include condos, apts, 2-3 family, etc)FY 2015 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 Avg. SFD Assmt. in FY16 (pend'g DOR approval)$820,366 $875,195 $875,195 $875,195 $875,195 $875,195 $875,195 $875,195 $875,195 $875,195 $875,195 $875,195 Tax Burden Shift Factor 1.75 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 Tax Rate (per $1K of Ass'd value)$14.86 $14.81 $14.79 $14.77 $14.74 $14.72 $14.70 $14.68 $14.66 $14.64 $14.61 $14.59 Avg. Tax Bill (based on Avg. Ass'd Value)$12,191 $12,961 $12,942 $12,923 $12,904 $12,885 $12,866 $12,847 $12,828 $12,809 $12,790 $12,771 $ Tax differential between FY15-FY16 Not applicable $770 $751 $732 $713 $694 $675 $656 $637 $618 $599 $580 % Tax differential between FY15-FY16 Not applicable 6.32%6.16%6.01%5.85%5.69%5.54%5.38%5.23%5.07%4.92%4.76% COMMERCIAL LARGE OFFICE BLDG (# props = 22)Large Office Net of New Growth >>> (Office (non-Lab/non-Med); and > 30,000 sqft GBA)FY 2015 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 16 Assmt.@ ~ $141/sf for Avg. Prop. $13,374,864 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 $13,544,091 Tax Burden Shift Factor 1.75 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 Tax Rate (per $1K of Ass'd value)$29.10 $26.76 $26.93 $27.09 $27.25 $27.41 $27.57 $27.74 $27.90 $28.06 $28.22 $28.39 Avg. Tax Bill (based on Avg. Ass'd Value)$389,209 $362,488 $364,685 $366,882 $369,079 $371,275 $373,472 $375,669 $377,866 $380,063 $382,260 $384,457 $ Tax differential between FY15-FY16 Not applicable -$26,721 -$24,524 -$22,327 -$20,130 -$17,933 -$15,736 -$13,539 -$11,342 -$9,146 -$6,949 -$4,752 % Tax differential between FY15-FY16 Not applicable -6.87%-6.30%-5.74%-5.17%-4.61%-4.04%-3.48%-2.91%-2.35%-1.79%-1.22% MEDIUM OFFICE BLDG (# props = 8)Medium Office Net of New Growth >>> (Office (non-Lab/Med) 10,000>, <30,000 sqft GBA)FY 2015 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 16 Assmt.@ ~ $135/sf for Avg. Prop. $1,907,375 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 $1,947,000 Tax Burden Shift Factor 1.75 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 Tax Rate (per $1K of Ass'd value)$29.10 $26.76 $26.93 $27.09 $27.25 $27.41 $27.57 $27.74 $27.90 $28.06 $28.22 $28.39 Avg. Tax Bill (based on Avg. Ass'd Value)$55,505 $52,109 $52,424 $52,740 $53,056 $53,372 $53,688 $54,003 $54,319 $54,635 $54,951 $55,267 $ Tax differential between FY15-FY16 Not applicable -$3,396 -$3,080 -$2,764 -$2,449 -$2,133 -$1,817 -$1,501 -$1,185 -$870 -$554 -$238 % Tax differential between FY15-FY16 Not applicable -6.12%-5.55%-4.98%-4.41%-3.84%-3.27%-2.70%-2.14%-1.57%-1.00%-0.43% TOWN-WIDE RETAIL (# props = 78)All Town Retail Net of New Growth >>> (Retail, Eateries, Banks, w/ or w/o offices upstairs)FY 2015 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 16 Assmt.@ ~ $196/sf for Avg. Prop. $1,534,205 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 $1,560,897 Tax Burden Shift Factor 1.75 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 Tax Rate (per $1K of Ass'd value)$29.10 $26.76 $26.93 $27.09 $27.25 $27.41 $27.57 $27.74 $27.90 $28.06 $28.22 $28.39 Avg. Tax Bill (based on Avg. Ass'd Value)$44,645 $41,775 $42,028 $42,282 $42,535 $42,788 $43,041 $43,294 $43,547 $43,801 $44,054 $44,307 $ Tax differential between FY15-FY16 Not applicable -$2,870 -$2,617 -$2,364 -$2,111 -$1,857 -$1,604 -$1,351 -$1,098 -$845 -$592 -$338 % Tax differential between FY15-FY16 Not applicable -6.43%-5.86%-5.29%-4.73%-4.16%-3.59%-3.03%-2.46%-1.89%-1.33%-0.76% OFFICE CONDOMINIUM (# props = 195)Office Condo Net of New Growth >>> (Retail Condominiums are not included)FY 2015 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 16 Assmt.@ ~ $208/sf for Avg. Prop. $155,362 $155,882 $155,882 $155,882 $155,882 $155,882 $155,882 $155,882 $155,882 $155,882 $155,882 $155,882 Tax Burden Shift Factor 1.75 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 Tax Rate (per $1K of Ass'd value)$29.10 $26.76 $26.93 $27.09 $27.25 $27.41 $27.57 $27.74 $27.90 $28.06 $28.22 $28.39 Avg. Tax Bill (based on Avg. Ass'd Value)$4,521 $4,172 $4,197 $4,223 $4,248 $4,273 $4,298 $4,324 $4,349 $4,374 $4,400 $4,425 $ Tax differential between FY15-FY16 Not applicable -$349 -$324 -$299 -$273 -$248 -$223 -$197 -$172 -$147 -$122 -$96 % Tax differential between FY15-FY16 Not applicable -7.72%-7.16%-6.60%-6.04%-5.48%-4.92%-4.37%-3.81%-3.25%-2.69%-2.13% INDUSTRIAL LAB/OFFICE COMBINATION (# props = 13)Lab/Office Net of New Growth >>> (Bio/Chem Laboratory or Medical Use is Primary)FY 2015 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 2016 FY 16 Assmt.@ ~ $247/sf for Avg. Prop. $25,148,615 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 $24,944,885 Tax Burden Shift Factor 1.75 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 Tax Rate (per $1K of Ass'd value)$29.10 $26.76 $26.93 $27.09 $27.25 $27.41 $27.57 $27.74 $27.90 $28.06 $28.22 $28.39 Avg. Tax Bill (based on Avg. Ass'd Value)$731,825 $667,613 $671,660 $675,706 $679,752 $683,798 $687,844 $691,890 $695,936 $699,983 $704,029 $708,075 $ Tax differential between FY15-FY16 Not applicable -$64,211 -$60,165 -$56,119 -$52,073 -$48,027 -$43,981 -$39,934 -$35,888 -$31,842 -$27,796 -$23,750 % Tax differential between FY15-FY16 Not applicable -8.77%-8.22%-7.67%-7.12%-6.56%-6.01%-5.46%-4.90%-4.35%-3.80%-3.25% EXHIBIT D-1: TOWN OF LEXINGTON - Tax Rate Shift Options & Property Comparisons (FY2016 Values are derived net of new growth) RESIDENTIAL COMMERCIAL INDUSTRIAL Note: TIF Properties 1) Shire @ all of 200/300/400 Shire Way), and 2) uniQure (a portion of 113 Hartwell Ave) are included above in INDUSTRIAL Lab/Office Combo category as "Gross Avg. Assessment less Gross Avg. Growth" 7 FY 2015 RESID C-I-P C-I-P RESID C-I-P C-I-P MUNICIPALITY C / I / P RATE RATE SHIFT RATE RATE SHIFT Cambridge $11,581,156,623 $8.38 $20.44 1.690 $7.82 $19.29 1.70 Waltham $3,072,247,045 $13.43 $31.97 1.750 $13.13 $31.79 1.75 Newton $2,669,267,211 $12.12 $23.18 1.740 $11.61 $22.38 1.74 Woburn $1,858,186,150 $10.44 $27.41 1.750 $10.17 $26.30 1.75 Burlington $1,971,197,449 $12.00 $32.24 1.668 $11.35 $29.40 1.63 Wellesley $1,271,767,900 $11.54 $11.54 1.000 $11.56 $11.56 1.00 Lexington $1,162,358,910 $15.51 $29.56 1.700 $14.86 $29.10 1.75 Needham $1,213,152,968 $11.64 $22.99 1.750 $11.29 $22.43 1.75 Watertown $1,020,834,024 $14.96 $27.96 1.750 $15.03 $27.87 1.75 RESID C-I-P C-I-P RESID C-I-P C-I-P RATE RATE SHIFT RATE RATE SHIFT 13.79$ 13.79$ 1.000 13.55$ 13.55$ 1.00 15.71$ 34.04$ 1.750 14.62$ 32.12$ 1.75 13.50$ 13.50$ 1.000 12.90$ 12.90$ 1.00 12.00$ 32.24$ 1.668 11.35$ 29.40$ 1.63 14.45$ 14.45$ 1.000 14.29$ 14.29$ 1.00 14.41$ 18.95$ 1.300 14.15$ 18.60$ 1.30 13.43$ 31.97$ 1.750 13.13$ 31.79$ 1.75 12.66$ 11.91$ N/A 12.14$ 11.40$ N/A N/A = not available COMPARABLE COMMERCIAL COMMUNITIES COMMUNITIES CONTIGUOUS TO LEXINGTON EXHIBIT E: TAX FACTORS AND TAX RATES - COMPARABLE COMMERCIAL COMMUNITIES AND CONTIGUOUS COMMUNITIES FY2014 FY2015 FY2014 FY2015 MUNICIPALITY Waltham Winchester Arlington Bedford Belmont Burlington Concord Lincoln 8 Division of Local Services Municipal Databank/Local Aid Section Fiscal Year 2015 Assessed Values by Class Municipality Fiscal Year Residential Value Open Space Value Commercial Value Industrial Value Personal Property Value Comm/Indl/Pers (C/I/P) Total Assessed Value R & O as % of Total Value CIP as % of Total Value 1 Boston 2015 72,346,068,366 0 32,451,521,456 785,061,568 5,154,210,832 $38,390,793,856 $110,736,862,222 65%35% 2 Cambridge 2015 18,562,023,898 0 6,577,555,346 3,913,738,477 1,089,862,800 $11,581,156,623 $30,143,180,521 62%38% 3 Newton 2015 19,995,837,989 0 2,102,213,911 168,580,400 398,472,900 $2,669,267,211 $22,665,105,200 88%12% 4 Nantucket 2015 16,946,921,756 11,664,300 944,004,094 49,617,300 229,217,719 $1,222,839,113 $18,169,760,869 93%7% 5 Brookline 2015 16,146,706,900 0 1,612,812,500 16,298,900 198,236,538 $1,827,347,938 $17,974,054,838 90%10% 6 Barnstable 2015 11,207,187,750 0 1,204,713,235 78,592,100 212,290,440 $1,495,595,775 $12,702,783,525 88%12% 7 Quincy 2015 9,450,521,233 0 1,617,500,567 84,397,400 268,079,660 $1,969,977,627 $11,420,498,860 83%17% 8 Worcester 2015 7,940,488,559 0 2,019,446,684 510,423,795 700,912,200 $3,230,782,679 $11,171,271,238 71%29% 9 Falmouth 2015 10,163,699,470 3,425,200 605,660,141 79,392,800 193,320,043 $878,372,984 $11,042,072,454 92%8% 10 Somerville 2015 8,909,186,864 0 1,055,713,836 311,627,700 215,696,880 $1,583,038,416 $10,492,225,280 85%15% 11 Wellesley 2015 9,116,045,000 0 1,159,807,000 8,155,000 103,805,900 $1,271,767,900 $10,387,812,900 88%12% 12 Lexington 2015 8,197,256,180 0 662,842,420 319,488,540 180,027,950 $1,162,358,910 $9,359,615,090 88%12% 13 Waltham 2015 5,900,062,585 0 2,220,696,817 471,070,238 380,479,990 $3,072,247,045 $8,972,309,630 66%34% 14 Plymouth 2015 7,020,390,187 0 829,010,333 794,542,012 264,930,551 $1,888,482,896 $8,908,873,083 79%21% 15 Needham 2015 7,625,574,778 0 881,392,158 149,792,300 181,968,510 $1,213,152,968 $8,838,727,746 86%14% 16 Arlington 2015 7,318,205,556 0 332,008,695 16,149,400 103,748,620 $451,906,715 $7,770,112,271 94%6% 17 Framingham 2015 5,818,671,300 0 1,299,872,350 267,785,500 223,149,421 $1,790,807,271 $7,609,478,571 76%24% 18 Medford 2015 6,534,408,440 0 654,943,460 97,461,000 125,684,630 $878,089,090 $7,412,497,530 88%12% 19 Andover 2015 5,793,267,930 7,958,400 580,548,306 601,623,300 246,548,798 $1,428,720,404 $7,221,988,334 80%20% 20 Springfield 2015 5,079,607,100 0 1,156,136,600 168,230,700 640,954,110 $1,965,321,410 $7,044,928,510 72%28% 21 Edgartown 2015 6,538,298,751 0 367,147,369 3,632,300 119,114,208 $489,893,877 $7,028,192,628 93%7% 22 Natick 2015 5,405,281,800 0 1,418,781,400 38,307,700 122,478,000 $1,579,567,100 $6,984,848,900 77%23% 23 Peabody 2015 4,913,745,514 0 1,135,250,604 241,748,200 114,587,090 $1,491,585,894 $6,405,331,408 77%23% 24 Lowell 2015 5,187,843,377 0 548,152,869 351,843,505 244,472,062 $1,144,468,436 $6,332,311,813 82%18% 25 Weymouth 2015 5,244,393,572 0 570,399,998 255,194,300 132,786,540 $958,380,838 $6,202,774,410 85%15% EXHIBIT F: TOP 25 COMMUNITIES BY TOTAL ASSESSED VALUE 9 Massachusetts Municipality Bond Rating FY15 TAX RATE RESID FY15 TAX RATE C-I-P FY15 SHIFT FACTOR RESID % OF TOTAL VALUE C-I-P % OF TOTAL VALUE RESID EXEMPT'N ADOPTED 2012 Population AREA SQ MILES DENSITY PER SQ MILE 2011 PER CAPITA INCOME Lexington Aaa 14.86 29.10 1.75 87.6%12.4%No 32,272 16.4 1,968 $88,987 Acton Aaa 19.05 19.05 1.00 91.4%8.6%No 22,599 20.0 1,132 $55,932 Andover AAA 14.97 24.77 1.47 91.4%8.6%No 34,142 31.0 1,101 $66,653 Arlington AAA 13.55 13.55 1.00 94.2%5.8%No 43,711 5.2 8,438 $45,654 Barnstable AAA 9.30 8.40 n/a 88.2%11.8%Yes 44,824 60.0 747 $31,096 Bedford Aaa 14.62 32.12 1.75 78.6%21.4%No 13,765 13.7 1,002 $53,790 Belmont Aaa 12.90 12.90 1.00 94.4%5.6%No 25,204 4.7 5,409 $69,079 Boston Aaa 12.11 29.52 1.75 65.3%34.7%Yes 636,479 48.4 13,142 $35,786 Boxborough AAA 16.65 16.65 1.00 75.7%24.3%No 5,105 10.4 493 $59,751 Brewster AAA 8.26 8.26 1.00 77.3%22.7%No 9,806 23.0 427 $30,164 Brookline Aaa 10.68 17.39 1.72 89.8%10.2%Yes 59,115 6.8 8,706 $65,085 Cambridge Aaa 7.82 19.29 1.70 61.6%38.4%Yes 106,471 6.4 16,558 $51,439 Canton AAA 12.82 26.36 1.66 77.4%22.6%Yes 21,932 18.9 1,159 $48,593 Chatham AAA 4.99 4.99 1.00 93.1%6.9%No 6,141 16.2 379 $42,083 Chilmark AAA 2.63 2.63 1.00 97.8%2.2%No 900 19.1 47 $48,479 Dartmouth AAA 9.81 15.03 1.40 83.1%16.9%No 34,448 61.6 559 $28,245 Dedham AAA 15.87 33.95 1.75 80.5%19.5%No 24,974 10.5 2,390 $43,117 Dennis AAA 6.35 6.35 1.00 92.2%7.8%No 14,153 20.6 687 $26,949 Dover Aaa 12.70 12.70 1.00 97.6%2.4%No 5,722 15.3 373 $188,206 Duxbury AAA 15.60 15.60 1.00 96.0%4.0%No 15,172 23.8 639 $70,008 Eastham AAA 7.10 7.10 1.00 96.0%4.0%No 4,946 14.0 354 $26,633 Hamilton AAA 17.09 17.09 1.00 95.0%5.0%No 8,072 14.6 553 $59,462 Harvard AAA 17.79 17.79 1.00 95.0%5.0%No 6,530 26.4 248 $56,549 Hingham Aaa 12.53 12.53 1.00 87.2%12.8%No 22,520 22.5 1,002 $81,511 Hopkinton AAA 17.96 17.96 1.00 83.1%16.9%No 15,478 26.6 583 $73,764 Lincoln AAA 14.15 18.60 1.30 96.5%3.5%No 6,503 14.4 453 $126,821 Littleton AAA 18.10 29.89 1.46 79.7%20.3%No 9,132 16.6 549 $42,066 Manchester By The Sea AAA 18.10 29.89 1.00 93.1%6.9%No 5,216 9.3 561 $99,243 Marblehead AAA 11.08 11.08 1.00 94.8%5.2%No 20,076 4.5 4,432 $78,969 Marion AAA 11.11 11.11 1.00 92.5%7.5%No 4,909 14.6 336 $47,145 Mashpee AAA 9.11 9.11 1.00 91.6%8.4%No 14,005 23.5 596 $28,845 Mattapoisett AAA 13.00 13.00 1.00 93.7%6.3%No 6,113 16.5 371 $46,296 Milton AAA 13.94 22.40 1.57 96.1%3.9%No 27,158 13.0 2,083 $57,880 Natick AAA 13.82 13.82 1.00 77.4%22.6%No 33,760 15.1 2,239 $47,566 Needham AAA 11.29 22.43 1.75 86.3%13.7%No 29,366 12.6 2,329 $87,232 Norwell AAA 16.50 16.50 1.00 84.3%15.7%No 10,574 20.9 507 $71,404 Orleans AAA 6.42 6.42 1.00 92.1%7.9%No 5,881 14.2 415 $38,139 Reading AAA 14.70 14.70 1.00 91.4%8.6%No 25,192 9.9 2,537 $44,656 Sherborn AAA 20.32 20.32 1.00 95.3%4.7%No 4,199 16.0 263 $182,248 Sudbury AAA 17.60 24.88 1.38 93.6%6.4%No 18,119 24.4 743 $93,407 Watertown AAA 15.03 27.87 1.75 81.2%18.8%Yes 32,863 4.1 7,996 $36,765 Wayland Aaa 18.39 18.39 1.00 94.9%5.1%No 13,285 15.2 872 $133,867 Wellesley Aaa 11.56 11.56 1.00 87.8%12.2%No 28,748 10.2 2,824 $138,036 Wellfleet AAA 6.78 6.78 1.00 95.4%4.6%No 2,742 19.8 138 $40,255 Wenham AAA 16.25 16.25 1.00 81.7%18.3%No 4,993 7.7 647 $81,173 Westborough AAA 18.59 18.59 1.00 96.4%3.6%No 18,455 20.5 899 $53,248 Westford AAA 16.24 16.44 1.00 64.5%35.5%No 22,851 30.6 747 $51,230 Weston Aaa 12.28 12.28 1.00 84.7%15.3%No 11,737 17.0 690 $267,636 Westwood AAA 15.24 28.79 1.70 95.4%4.6%No 14,768 11.0 1,346 $89,407 Winchester Aaa 12.14 11.40 n/a 95.0%5.0%No 21,869 6.0 3,621 $90,091 EXHIBIT G: TAX FACTORS and TAX RATES for Aaa and AAA RATED COMMUNITIES 10 TOTAL RESIDENTIAL PROPERTY VALUE $8,862,601,990 TOTAL # RESID. PARCELS 10,765 AVG. RESIDENTIAL PARCEL $823,279 RESIDENTIAL EXEMPTION @ 20%20% EXEMPTION $ AMOUNT PER RESID PROPERTY $164,656 ESTIMATED # EXEMPTIONS 9,696 OVERALL EXEMPT PROPERTY VALUE $1,596,519,743 ESTIMATED RESID. RATE (FY2016)$14.59 TOTAL RESID. REVENUE $129,305,363 (IF EXEMPTION) RESID. ASSESSED TAXES $7,266,082,247 (IF EXEMPTION) RESID. TAX RATE $17.80 (a)(b)( c )(d)(e)(f)(g)(h)(i) ASSESSED VALUE PRELIMINARY TAX RATE @ 1.75 Shift ANNUAL PROPERTY TAX BILL EXEMPTED ASSESSED VALUE@20% EXEMPTION NET ASSESSED VALUE DERIVED TAX RATE NET TAX BILL $ CHANGE (g- c) % CHANGE (h/c) $5,000 $14.59 $73 $0 $5,000 $17.80 $89 $16 21.97% $25,000 $14.59 $365 $0 $25,000 $17.80 $445 $80 21.97% $50,000 $14.59 $730 $0 $50,000 $17.80 $890 $160 21.97% $100,000 $14.59 $1,459 $0 $100,000 $17.80 $1,780 $321 21.97% $200,000 $14.59 $2,918 $164,656 $35,344 $17.80 $629 -$2,289 -78.44% $300,000 $14.59 $4,377 $164,656 $135,344 $17.80 $2,409 -$1,968 -44.97% $400,000 $14.59 $5,836 $164,656 $235,344 $17.80 $4,188 -$1,648 -28.24% $500,000 $14.59 $7,295 $164,656 $335,344 $17.80 $5,968 -$1,327 -18.19% $600,000 $14.59 $8,754 $164,656 $435,344 $17.80 $7,747 -$1,007 -11.50% $700,000 $14.59 $10,213 $164,656 $535,344 $17.80 $9,527 -$686 -6.72% $800,000 $14.59 $11,672 $164,656 $635,344 $17.80 $11,306 -$366 -3.13% $900,000 $14.59 $13,131 $164,656 $735,344 $17.80 $13,086 -$45 -0.34% $914,038 $14.59 $13,336 $164,656 $749,382 $17.80 $13,336 $0 0.00% $1,000,000 $14.59 $14,590 $164,656 $835,344 $17.80 $14,866 $276 1.89% $1,100,000 $14.59 $16,049 $164,656 $935,344 $17.80 $16,645 $596 3.71% $1,200,000 $14.59 $17,508 $164,656 $1,035,344 $17.80 $18,425 $917 5.24% $1,300,000 $14.59 $18,967 $164,656 $1,135,344 $17.80 $20,204 $1,237 6.52% $1,400,000 $14.59 $20,426 $164,656 $1,235,344 $17.80 $21,984 $1,558 7.63% $1,500,000 $14.59 $21,885 $164,656 $1,335,344 $17.80 $23,763 $1,878 8.58% $2,000,000 $14.59 $29,180 $164,656 $1,835,344 $17.80 $32,661 $3,481 11.93% $3,000,000 $14.59 $43,770 $164,656 $2,835,344 $17.80 $50,457 $6,687 15.28% $4,000,000 $14.59 $58,360 $164,656 $3,835,344 $17.80 $68,253 $9,893 16.95% $5,000,000 $14.59 $72,950 $164,656 $4,835,344 $17.80 $86,049 $13,099 17.96% $7,500,000 $14.59 $109,425 $164,656 $7,335,344 $17.80 $130,538 $21,113 19.29% $8,500,000 $14.59 $124,015 $0 $8,500,000 $17.80 $151,264 $27,249 21.97% $10,000,000 $14.59 $145,900 $0 $10,000,000 $17.80 $177,957 $32,057 21.97% $20,000,000 $14.59 $291,800 $0 $20,000,000 $17.80 $355,915 $64,115 21.97% *BREAK EVEN ASSESSED VALUE, NO TAX IMPACT.$914,038 RESIDENTIAL EXEMPTION WORKSHEET FISCAL YEAR 2016 INFORMATION EXHIBIT H: RESIDENTIAL EXEMPTION: FY2016 PROPERTY TAX IMPACT IF EXEMPTION WAS ADOPTED 11 AGENDA ITEM SUM M ARY LEXINGTON BOARD OF SELECTMEN MEETING AGENDA ITEM TITLE: Consent Agenda PRESENTER: Jo e Pato ITEM NUMBER: C.1-3 SUMMARY: The Town Manager has req uested permissio n fo r a vac ation. The Minute Men reques t p ermis s io n to hold a his to ry exhib ition on Decemb er 13 that inc ludes using the Battle Green fo r marc hing and mus ket drills and firing. See attached letter s ent to Anto ny, Franc e. At the meeting yo u will b e signing a letter to mail. SUGGESTED MOTION: Mo tion to app ro ve the c o nsent agend a. FOLLOW-UP: DATE AND APPROXIMATE TIME ON AGENDA: 11/23/2015 7:25 PM ATTACHMENTS: Des crip tion Typ e Email Regarding Minute Men Reques t Cover Memo Minute Men His toric Exhibition Itinerary - 12/13/15 Cover Memo Town Manager Reques t for Vacation Cover Memo Email-Antony Letter of Condolence Backup Material 1 Lynne Pease From:Cathy Severance Sent:Tuesday, November 17, 2015 12:48 PM To:Lynne Pease Subject:Tea Burning Itinerary Attachments:BurnTheTea.docx Hi Lynne –    I spoke w/Dave Pinsonneault this AM regarding the Town’s plans, if there is snow, for the tea burning event on 12/13  and he said that we would have to access weather conditions on the site if there was inclement weather. I will add that  to the letter. I’m attaching the plan for this event. Can you add this to the next BOS meeting (23rd)? Thank you!    - Cathy Cathy Severance Office Manager/Special Events Coordinator Town Manager's Office Town of Lexington 1625 Massachusetts Avenue Lexington, MA 02420 Ph: 781.698.4544 Fax: 781.861.2921 www.lexingtonma.gov When writing or responding, please be aware that the Massachusetts Secretary of State has determined that most email is public record, and, therefore, may not be kept confidential.   Lexington Minute Men “Tea Burning” Itinerary  December 13, 2015    Mission:  We the Lexington Minute Men, in partnership with the Lexington Historical Society, seek to  celebrate our Town’s revolutionary history through a day long living history exhibition featuring the  Lexington Training Band and a re‐enactment of the tea burning bonfire which occurred on December  13th, 1773. On the Visitor’s Center grounds, near the site of the tea burning, we propose to set up a  partial encampment where our unit will muster, cook/eat period appropriate food, conduct musket  drills, conduct firing demonstrations, march with fife and drum around grounds and the Battle Green,  mingle with and educate the public, and participate in a robust “tea burning”.      Preliminary Itinerary‐  7:00am:  Members of the Training Band set up camp.  9:00am:  Period breakfast served for the LTB at mess tent.  Start cooking fire for lunch.   10:00am:  First Musket Drill, non‐firing.  Inspection and run through the Manual of Arms.   March to  green & muster near rock.  11:00am:  Demonstration of 18th century cooking methods with Sgt. Michael Duncan Smith.  11:30pm: Period lunch served for the LTB at mess tent.  12:00pm: Parade march the grounds and green in military formation with fife and drum.  Muster on  green near rock.   12:30pm: Second Musket Drill and firing demonstration on the Battle Green.  Inspection and run  through the Manual of Arms.  Conclude by firing five volleys in formation.   1:30pm:  Participate in the “tea burning” in conjunction with the Lexington Historical Society.   2:30pm: Immediately following the tea burning re‐enactment, interact with the public about the event,  answer questions, and recruit.   3:00pm: Conclude event with musket solute and cheers (Huzza, Huzza, Huzza)  4:00pm:  Break down camp.