HomeMy WebLinkAbout2024-09-19-CPC-min1
Minutes of the Community Preservation Committee
Thursday, September 19, 2024
Remote Zoom Meeting
Meeting ID: 848 6052 1790
4:00 PM
Committee Members Present: Marilyn Fenollosa (Chair); Jeanne Krieger (Co-Vice Chair),
Kathryn Roy (Co-Vice Chair), Kevin Beuttell, Christian Boutwell, Robert Creech, Robert
Pressman, Mark Sandeen, Melinda Walker.
Administrative Assistant: Thomas Case
Other Attendees: Sandhya Beebee, Liaison, Capital Expenditures Committee; Carolyn Kosnoff,
Assistant Town Manager for Finance.
Ms. Fenollosa called the meeting to order at 4:04 PM.
Vote to elect Chair and Vice-Chair- After a motion duly made and seconded, the CPC voted by
roll call vote (9-0) to reappoint Ms. Marilyn Fenollosa as Chair of the CPC. A motion was duly
made to nominate Ms. Krieger as Vice-Chair of the CPC and a motion was duly made to
nominate Ms. Roy as Vice-Chair of the CPC. A roll call vote resulted in a tie (4 – Ms. Krieger, 4 –
Ms. Roy, 1 – abstain). A motion was duly made and seconded to appoint Ms. Krieger and Ms.
Roy as Co-Vice Chairs of the Committee. The motion was subsequently voted on and passed by
roll call vote (9-0).
CPA Fund Balance- Ms. Kosnoff presented the CPA Summary FY26 Budget dated 9-19-2024 and
discussed the CPC’s finances for FY26. Ms. Kosnoff explained that the financials are still
preliminary since the books are not closed for FY24. FY26 revenue is estimated at around $8.4
million, there is pending debt service for the Munroe Center for the Arts project (2023 ATM
Article 10b) that will likely not occur in FY26, $150,000 is budgeted for administrative expenses,
and the Committee has an approximate FY26 budget of $8.5 million while still maintaining a
$1.5 million reserve; the CPC’s total fund balance is approximately $10 million.
The Committee discussed anticipated FY26 requests, including Harrington Fields, Lincoln Park
Field #3, the Stone Building, and the Affordable Housing Trust, as well as the status of the
Munroe Center. Ms. Kosnoff conveyed to the Committee that while FY26 requests have not
been finalized, there will be more requests for funding than the CPC has to allocate and so the
Committee will have to decide how and/or what to fund. Ms. Fenollosa asked about the
possibility of bonding projects and Ms. Kosnoff replied that the Town prefers to start with CPA
funding and cash before exploring debt financing. The Committee also discussed the impact the
2
High School project will have on CPA projects, particularly regarding Harrington Field and other
recreation projects.
Annual Town Report FY24 – After a motion duly made and seconded, the Committee voted by
roll call vote to approve the CPC’s FY24 Annual Town Report (9-0).
FY26 Application Announcements – The Committee discussed the FY26 application
announcements for the Town’s website, Lexington Observer, and the Lexington Colonial Times
Magazine.
Minutes - After a motion duly made and seconded, the Committee voted by a roll call vote to
approve the minutes from the Public Meeting on 2-20-2024 (8-0-1). Mr. Boutwell abstained.
After a motion duly made and seconded, the Committee voted by a roll call vote to approve the
minutes from the Public Meeting on 6-6-2024 (9-0).
Committee Business- Ms. Fenollosa conveyed that the Committee will likely begin meeting to
review CPA funding requests in mid/late October. The Committee agreed to maintain their
meeting schedule of Thursdays at 4:00 PM and agreed to continue meeting via Zoom.
Mr. Creech expressed interest in the Committee having a separate meeting that would be
devoted to the topic of Housing. He felt that this subject deserved a full meeting given the
amount of time that the Committee spends talking about Housing at every meeting. He
suggested meeting with the community housing stakeholders prior to the CPA application
deadline. The Committee discussed the state of affordable housing projects in Lexington and
agreed to meet on October 24th provided that representatives from the Affordable Housing
Trust, Lexington Housing Authority, and LexHAB are available to meet.
After a motion duly made and seconded, the Committee voted by a roll call vote (9-0) to
adjourn at 5:21 PM.
The following documents were used at the meeting:
1) CPA Summary FY2026 Budget dated 9-19-24
2) 2024 CPC Annual Town Report
3) FY26 Application Announcements
4) Draft Minutes 2-20-24
5) Draft Minutes 6-6-24
Respectfully submitted,
Thomas Case
3
Administrative Assistant
Community Preservation Committee
APPROVED 10/24/24