HomeMy WebLinkAbout2009-03-17-FFLB-minMINUTES
FUND FOR LEXINGTON BOARD
March 17, 2009
4:30 p.m., Selectmen's Office, Town Office Building
PRESENT: Norman Cohen, George Burnell, Dan Lucas, Alan Wrigley, and Barbara Deveau
1. Approximate amount of money available as of 2/28/09: Income: $38,700.00
Principal: $56,355.00
Upon motion duly made and seconded, it was voted 4 -0 that the $50,000 gift from the Estate of
Leonard F. Milgate shall be used to create an endowment for the Fund for Lexington to be under
the control of the Trustees of the Public Trusts with 50% of the earnings to be returned to the
endowment fund and 50% to be available for distribution.
2. Human Services Report:
a. Barbara Deveau gave the report of the Human Services Department for the period December
2, 2008 to March 17, 2009. She pointed out that Lexington citizens could use outside fuel
assistance agencies to meet their heating needs. Now that the worst of the winter is over,
there may be an increase in shut -off notices issued by the utility companies.
3. Other Issues
a. Request from ArtSpan- Munroe - $7,185. Voted 4 -0 not to fund.
b. Request — Center Barrels - $3,500. APPROVED $2,800 4 -0.
c. The Board was pleased to receive a number of thank you notes for the holiday gift cards.
4. The minutes of December 2, 2008 were approved 4 -0.
5. The next meeting will be June 23, 2009.