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HomeMy WebLinkAbout2022-11-01-CEC-STM#3-rpt (updates STM 2022-3 report) UPDATE TO CAPITAL EXPENDITURES COMMITTEE REPORT TO STM 2022-3 CAPITAL EXPENDITURES COMMITTEE TOWN OF LEXINGTON ZIAPRIL 19" , et UPDATE TO THE REPORT TO THE SPECIAL TOWN MEETING (STM) 2022-3 (Released October 24, 2022) Released November 1, 2022 Submitted by: Charles Lamb, Chair David G. Kanter, Vice-Chair& Clerk Sandy Beebee Michael Boudett Rodney Cole Lisah Rhodes This document provides an update to the Committee's Report with a dollar amount and source that were identified after the publishing of that Report,but prior to the STM. On Page 2: Replace the 3rd paragraph beginning "(h)" in its entirety with: (h) Capital, appropriate $2,375,392 to: Consisting of$1,675,999 from new levy growth per the Capital Stabilization Fund (CSF) Guideline; and $699,393, a one-time transfer, based on new levy growth under the Tax Increment Financing (TIF) agreement currently with Takeda Pharmaceuticals (properties at 200, 300, and 400 Shire Way).