HomeMy WebLinkAboutAd hoc Residential Exemption Policy Study Committee - REPSC - Charge - Revised Jan 2018 Ad Hoc Residential Exemption Policy Study Committee
Members: Seven voting members. At least one and up to two liaisons from the sitting
Board of Selectmen.
Appointed by: The Board of Selectmen
Length of Term: Terms end upon delivery of recommendations to the Board of Selectmen
in accordance with the deliverables schedule outlined below.
Meeting Times: As determined by the Committee. A minimum of one evening meeting to
solicit public comment shall be required.
Description: Preserving affordability for residents is the Board's top financial goal. This
ad-hoe committee will continue the work of a fact finding working group
formed to study the Residential Exemption and analyze if adopting the
exemption could help reduce the property tax burden and make it easier
for residents to remain in their homes. The ad-hoc committee will focus on
identifying policy questions and will make recommendations to the
Selectmen regarding the residential exemption.
Deliverables: By June 15, 2018, the ad-hoc committee will present policy
recommendations and implementation options to the Board of Selectmen
based on completing the following tasks:
• Review and update the analysis prepared by the preceding working
group.
• Characterize the expected effects of adopting the exemption on:
o Residents including:
■ Seniors
■ Tenants
■ Residents whose homes are in trust
o The Lexington real estate market-- including purchasers
c and developers.
L-1 Describe fairness issues associated with implernenting the
exemption.
+ Summarize the experience and implementation practices of
communities that have adopted the exemption.
- • Summarize the results of a public information and comment
session to obtain general feedback on implementation of the
exemption from Lexington residents.
+ Other topics and tasks the committee deems relevant to making a
comprehensive policy recommendation.
Criteria for Membership: Members shall demonstrate sound business experience or good
judgment and represent a balanced cross-section of the community.
Staff Support: The committee will have access to the Assessing department to understand
local issues in implementation of the exemption.
Prior to serving as a member of this committee, members are required to:
1. Acknowledge receipt of the Summary of the Conflict of Interest
Statute. Further, to continue to serve on the Committee the member
must acknowledge annually receipt of the Summary of the Conflict of
Interest Statute. Said summary will be provided by and acknowledged
to the Town Clerk.
2. Provide evidence to the Town Clerk that the appointee has completed
the on-line training requirement required by the Conflict of Interest
statute. Further, to continue to serve on the Committee,the member
must acknowledge every two years completion of the on-line training
requirement.
Reference: Charge adopted by the Selectmen on December d, 2017
Charge amended by Board of Selectmen on January 22, 2018 to increase
membership from S to 7.
Selectmen designated committee members as Special Municipal Employees on
January 22, 2018
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