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HomeMy WebLinkAbout2025-11-20-CPC-min.pdf1 Minutes of the Community Preservation Committee Thursday, November 20, 2025 Remote Zoom Meeting Meeting ID: 871 7452 4832 4:00 PM Committee Members Present: Marilyn Fenollosa (Chair), Jeanne Krieger (Co-Vice Chair), Kathryn Roy (Co-Vice Chair), Kevin Beuttell, Robert Creech, Frederick DeAngelis, Paul Linton, Mark Sandeen, Melinda Walker. Administrative Assistant: Thomas Case Absent: n/a Other Attendees: Sandhya Beebee, Liaison, Capital Expenditures Committee (arrived at 4:08 PM); Michael Cronin, Director of Public Facilities (arrived at 4:14 PM); Andrea Jackson, Recreation Committee (arrived at 4:05 PM); Carolyn Kosnoff, Assistant Town Manager for Finance; Robert Pressman, 22 Locust Ave. Ms. Fenollosa called the meeting to order at 4:01 PM. CPA Financials Discussion – Town staff, Ms. Kosnoff and Mr. Case, reviewed the latest CPA finances with the Committee. Lexington received a final state match from the Department of Revenue for $1,215,638, or 17.5%. This state match actuals, combined with an updated surcharge revenue projection, totals a final FY26 revenue projection of $8,535,638, about $245k above the original estimate. Town staff also reviewed an updated annual debt service payment for the Munroe Center project from $490k to $480k, reflecting an interest rate decrease from 4.5% to 4%. Ms. Kosnoff reviewed the Town’s allocation process for CPA revenue. Ms. Kosnoff reviewed the alternative FY27 budget, which replaces the previously authorized $2 million debt allocation for the Munroe Center with CPA cash. This funding plan would fully spend the Historical Resources Reserve fund and use $350k in Unbudgeted Reserves. The CPC would maintain an Unbudgeted/Undesignated reserve balance of approximately $2.7 million, well over the $1.5 million target reserves. This plan would also relieve the CPC from any debt obligations. After a motion duly made and seconded, the Committee voted by a roll call vote to recommend to Town Meeting to rescind the $2 million debt funding for the Munroe Center for the Arts project, previously authorized by the 2023 Annual Town Meeting Article 10b, and instead fund the $2 million with CPA cash (9-0). 2 Ms. Kosnoff left the meeting at 4:25 PM. FY27 Funding Request – Public Facilities – Playground Infrastructure Upgrades – Mr. Cronin requested $100,000 for playground fencing at Bridge Elementary School and Fiske Elementary School. The Committee discussed with Mr. Cronin the safety benefits of the project, as well as the fencing material and design. Ms. Fenollosa conducted a straw poll on the Committee’s support for the project (6-0-3). Mr. Linton, Mr. Sandeen, and Ms. Walker abstained. Ms. Fenollosa updated the Committee on the latest status regarding the LexFarm Chimney. Mr. Cronin confirmed that there is no request for a CPA funded project with the chimney. Mr. Cronin also updated the Committee on the Munroe Center for the Arts and the Stone Building projects, confirming that there was an active RFP for the Stone Building’s occupancy and that the Town’s project scope for the building is dependent on the eventual occupant. Mr. Cronin left the meeting at 4:45 PM. 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 11-6-2025 (9-0). After a motion duly made and seconded, the Committee voted by a roll call vote to approve the minutes from the Public Meeting on 11-13-2025 (9-0). Committee Business – Ms. Fenollosa confirmed the schedule for the 2025 Needs Assessment Report (NAR): section drafts due to Mr. Case by December 2, discuss the NAR draft in a public meeting on December 4, and hold a public hearing on the NAR on December 11. After a motion duly made and seconded, the Committee voted by a roll call vote (9-0) to adjourn at 4.54 PM. The following documents were used at the meeting: 1) CPA Summary FY2027 Budget dated 11-20-25 2) Alternative CPA Summary FY2027 Budget dated 11-20-25 3) CIP – Playground Infrastructure Upgrades 4) Draft 2 Minutes 11-6-25 5) Draft 3 Minutes 11-13-25 Respectfully submitted, 3 Thomas Case Administrative Assistant Community Preservation Committee APPROVED: 12/4/2025