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HomeMy WebLinkAbout2014-01-29 Board of Selectmen Packeto`d OF I? tic b Office of the Town Manager `^a�0 16 Lowell Street l6�9'lNCORpO�PS Reading, MA 01867 To: Board of Selectmen From: Robert W. LeLacheur, Jr. CFA Date: January 23, 2014 RE: Financial Forum January 29, 2014 781 - 942 -9043 townmanager @ci.reading.ma.us www.read!ngma.gov /town - manager Next Wednesday night at 7:30pm at the Pleasant Street Center, the Finance Committee will lead a typical Financial Forum meeting that includes the Board of Selectmen, School Committee and Board of Library Trustees. The first portion of the agenda will cover a brief financial overview: ➢ The Town Accountant will provide an update on FY15 projected revenues, including the disappointing local aid figures proposed by the Governor in House 1 yesterday • Our FY15 local aid estimate: $13,423,553 (excludes school lunch & library aid) • House 1 budget filed by Governor calls for $13,204,901 ($218,652 less) • Local assessments in House 1 are $56,476 lower than our assumptions • Net impact of these two figures is $162,176 less than we had estimated; ➢ Both the Town Manager and Superintendent of Schools will review their FY15 budgets which are currently in front of both the Selectmen and School Committee; ➢ The Finance Committee will give final budget guidance before the Town Manager must submit to them a balanced total Town /School budget in mid - February. The second portion of the agenda will be led by the Library Trustees and the Library Director, to provide a project update. The Trustees met jointly with the Library Building Committee one week ago and unanimously voted to request that the Board of Selectmen call a Special Town Meeting as soon as possible in order to discuss additional funding needed for this project. If approved by a Special Town Meeting, the objective is to place a question on the April 1St local ballot to increase the amount of excluded debt for the project. Town Meeting authorizes the issuance of debt, and voters authorize paying the debt service as excluded, ie above the Prop 2 -1/2 tax levy. There are two approaches to this situation: (a) most communities with our form of government in the Commonwealth first seek Town Meeting's approval before asking the voters; (b) it is possible to reverse that order. Below is a review of the very tight Timeline, presuming the approach (a) as we've done in the past. As you can see, on January 29th the Selectmen must vote to close a Warrant for this Special Town Meeting Meeting in order to achieve the April 1 St objective. A draft Outline and Warrant is l� included in your packet today. There will be some minor business under FY14 capital requests for both the School department and for some capital purchases for water and sewer, but the overwhelming majority of this Special Town Meeting is to decide the library question. Lastly, note the location of the Special Town Meeting will be in the RMHS Field House, due to prior conflicts on that date for a graduation ceremony that has already been advertised. This should not impose any logistical issues, although I suspect we will not be able to broadcast live from that location. Timeline April 1" — combined state & local elections; February 25th — the deadline for the Town Clerk to receive the exact language of the question to be put to the voters. Note this language may come from a vote of (a) Town Meeting or (b) the Board of Selectmen; February 13th — Special Town Meeting (need gap between 13th and 25th to allow a protest of a Town Meeting vote); January 31St — Town Meeting members must be notified (U.S. Mail) of the Special Town Meeting. Materials must be available for them to pick up. January 30th — mail notice to Town Meeting members January 29th — Selectmen close Warrant for Special Town Meeting. All written material (including FINCOM vote & opinion) must be received in writing in less than one day for the deadlines above. V � o a �a �a S �J9:IkfORPD�! Financial Forum January 29, 2014 Reserves as of 1/29/14 Free Cash 7/1/13 $ 71584,868 November Town Meeting $ (75,000) General Stabilization Fund $ 11549,505* FINCOM Reserves $ 138,000 TOTAL $ 9,3475373 is 11.6% of estimated $80.6 million FYI projected net available revenue *total excludes funds designated for specific purpose D operati n g bud ets = => 3.60% 3.75% 3.50% 2.50% 2.50% 2.50% Town of Reading Recent One Yr Changes Current One Yr Changes Projected One Yr Changes Projected One Yr Changes Projected One Yr Changes Projected One Yr Changes Budget Summary 112911412:18 PM FY - 2013 FY - 2013 FY - 2014 FY - 2014 FY15 57,798,823 FY - 2011 3.6% FY16 59,684,352 FY - 2016 3.3% FY17 61,617,421 FY - 2017 3.2% FY18 63,613,184 FY - 2018 3.2% Revenues 54,479,102 3.4% 55,774,186 2.4% Total Property Taxes Total Other Local Revenue 5,380,000 -0.4% 5,652,474 5.1% 5,830,000 3.1% 5,970,000 2.4% 6,110,000 2.3% 6,250,000 2.3% Total lntergov'tRevenues 12,955,108 -0.1% 13,096,149 1.1% 13,204,901 0.8% 13,535,024 2.5% 13,873,399 2.5% 14,220,234 2.5% Total Transfers & Available 4,406,704 7.3% 4,835,042 9.7% 3,734,954 -22.8% 3,715,203 -0.5% 3,747,458 0.9% 3,781,770 0.9% ,venues before Free Cash $77,220,914 2.8°/. $79,357,851 2.8% $80,568,678 1.5% $82,904,579 2.9°k $85,348,278 2.9-Ye $87,865,188 2.9% Free Cash 1 697,733 -19.2% 1,050,000 50.5% 1,500,000 42.9% 1,500,000 0.0% 1,500,000 0.0% 1,500,000 0.0% Net Available Revenuesl $77,918,646 2.5% $80,407,851 3.2% $82,068,678 2.1% $84,404,579 2.8% $86,848,278 2.9% $89,365,188 2.9% Accommodated Costs Benefits 13,329,635 3.7% 13,515,050 1.4% 14,174,665 4.9% 14,967,166 5.6% 15,820,574 5.7% 16,682,723 5.4% Capital 1,937,700 104.4% 2,355,500 21.6% 2,030,000 -13.8% 1,500,000 -26.1% 1,750,000 16.7% 2,300,000 31.4% Debt 4,539,575 -25.1% 3,970,500 -12.5% 3,381,063 -14.8% 3,976,790 17.6% 3,847,292 -3.3% 3,377,274 -12.2% Energy 1,911,168 4.7% 1,938,945 1.5% 1,898,465 -2.1% 1,978,964 4.2% 2,059,722 4.1% 2,143,311 4.1% Financial 740,000 3.4% 750,000 1.4% 760,000 1.3% 770,000 1.3% 780,000 1.3% 790,000 1.3% Education - Out of district 3,344,235 - 12.9% 3,598,098 7.6% 3,858,194 7.2% 4,051,104 5.0% 4,253,659 5.0% 4,466,342 5.0% Education - Vocational 325,000 - 22.5% 371,250 14.2% 387,000 4.2% 403,000 4.1% 419,000 4.0% 435,000 3.8% Miscellaneous 2,898,937 3.2% 2,957,750 2.0% 2,929,194 -1.0% 3,034,149 3.6% 3,116,997 2.7% 3,202,845 2.8% Community Priorities 0 0 0 0 0 Annual Accommodated C $29,026,250 -2.1% $29,457,093 1.5% $29,418,581 -0.1% $30,681,172 4.3% $32,047,243 4.5% $33,397,495 42% Operating Costs 14,543,129 3.6% 15,423,120 3.75% 16,240,552 3.5% 16,646,566 2.5% 17,062,730 2.5% 17,489,298 2.5% Municipal Go'vtOperating adjustments (comm. priori 322,528 268,235 adjustments (ent funds ove 771,190 2.0% 822,418 6.6% 851,203 3.5% 872,483 2.5% 894,295 2.5% 916,652 2.5% TOTAL Muni Govemmeni 15,636,848 5.7% 16,513,773 5.6% 17,091,755 3.5% 17,519,049 2.5% 17,957,025 2.50/6 18,405,950 2.5% School & Bldgs Operating 32,049,069 3.6% 33,764,332 3.75% 35,136,172 3.5% 36,014,577 2.5% 36,914,941 2.5% 37,837,815 2.5% adjustments (comm. priori 494,865 183,661 TOTAL School & Bldgs 32,543,934 4.5% 33,947,993 4.3% 35,136,172 3.5% 36,014,577 2.5% 36,914,941 2.5% 37,837,815 2.5% Town Bldgs Operating Tar( 439,499 3.6% 455,980 3.75% 425,346 -6.7% 435,980 2.5% 446,879 2.5% 458,051 2.5% adjustments (comm. priority) (45,018) TOTAL Town Bldgs 439,499 3.6% 410,962 -6.59/6 425,346 3.5% 435,980 2.5% 446,879 2.5% 458,051 2.5 °h School Town, Buildings $48,620,281 4.9% $50,872,728 4.6% $52,653,273 3.5% $53969,605 2.5% $55,318845 2.5% $56,701,816 2.5% Municipal Go'vt Operatin 32.16% 32.46% 32.46% 32.46% 32.46% 32.46% School & Bldgs Operatin 66.93% 66.73% 66.73% 66.73% 66.73% 66.73% Town Bldgs Operating Ti 0.90% 0.81% 0.81% 0.81% 0.81% 0.81% TOTAL EXPENSES 1-2 $77,646,531 2.4% $80,329,821 3.59/6 $82,071854 22% $84,650,7Z7_3A% 089 3.2% $90�9�317 - 1% $ (3,176) $ (246,198) $ (517,810) $ (734,123) l wY LJLJ 1%UPWI V1CWCI Chapter 70 School Transportation Charter Tuition Reimbursement Smart Growth School Reimbursement Offset Receipts: School Lunch School Choice Receiving Tuition Sub - total, All Education Items: 10,038,191 10,146, 544 General Government: FY2015 Local Aid Estimates Unrestricted Gen Gov't Aid 2,806,899 Reading 0 Regional Public Libraries FY2015 House FY2015 Senate FY2014 Cherry FY2015 Governor's Final Budget Final Budget Sheet Estimate Budget Proposal Proposal Proposal 10, 011,427 10,126, 574 Exemp: VBS and Elderly 0 0 9,811 3,154 Sub - Total, All General Government 0 0 l 16953 66,81 0 0 10,038,191 10,146, 544 General Government: Unrestricted Gen Gov't Aid 2,806,899 Local Sh of Racing Taxes 0 Regional Public Libraries 0 Urban Revitalization 0 Veterans Benefits 145,125 State Owned Land 38,021 Exemp: VBS and Elderly 84,866 Offset Receipts: Public Libraries T 25 412 Sub - Total, All General Government 3,1 b U, 323 2,806,899 0 0 0 135,138 49,587 83.549 9286 3,100,101 Total Estimated Receipts 13,138,514 13,246,645 s IUw,� 4-11 rj 7 13 e4 b, f 1-( 9 rage 2. or 1 FY2015 Conference Committee 13, Z e, y, q 6 ( t-o 8y (o httt)s:Hdls2ateway.dor. state.ma.us /DLSReDorts /DLSReDortV iewer.asDx ?ReDortName= Che... 1/23/2014 LJLJ ACPUI l v tower County Assessments: County Tax Suffolk County Retirement Essex County Reg Comm Center Sub - Total, County Assessments: State Assessments and Charges: Retired Employees Health Insurance Retired Teachers Health Insurance Mosquito Control Projects Air Pollution Districts Old Colony Planning Council RMV Non - Renewal Surcharge Sub - Total, State Assessments: Transportation Authorities: M BTA Boston Metro. Transit District Regional Transit Sub - Total, Transp Authorities: Annual Charges Against Receipts: Special Education STRAP Repayments Sub - Total, Annual Charges: Tution Assessments: School Choice Sending Tuition Charter School Sending Tuition Essex County Tech Sending Tuition Sub - Total, Tution Assessments: Total Estimated Charges: FY2015 Local Aid Assessments Reading FY2015 House FY2015 Senate FY2014 Cherry FY2015 Governor's Final Budget Final Budget Sheet Estimate Budget (proposal) Proposal Proposal 0 0 0 0 0 0 0 0 0 0 0 0 0 8,150 8,162 7 QQ1 A 1Aq rage /_ of FY2015 Conference Committee 0 14,140 0 14,740 30,281 31,065 528,555 536,111 0 0 0 0 528,555 536,111 0 5,384 0 0 0 5,384 19,875 13,250 57,780 22,984 12,553 0 90,208 36,234 649,044 08,794 httos: / /dls2atewav,dor. state. ma. us/ DLSReports/ DLSRei)ortViewer .aspx ?Rei)ortName =Che (3 1/23/2014 Reading Financial Forum 29 January 2014 Reading Public Library Building Project Design and Cost Updates and Supplemental Funding Request Project Introduction In April 2013, Reading voters endorsed a proposed project to renovate and modestly expand the public library by approving a debt exclusion, authorized by Town Meeting in November 2012, in the amount of $14.9 million, the total estimated project cost. Reading Public Library, however, had successfully obtained a grant from the state library commission of $5.1 million to offset the total project cost. The Board of Selectmen and Library Trustees, at the request of Town Meeting, created a Library Building Committee to oversee the project. This Committee comprises three interested and well qualified residents (appointed by the Town Moderator and a representative from each of the Boards), two Library Trustees, the Library Director, a staff member, and a Finance Committee representative. A project manager (STV) was engaged in July 2013. An Architect (CBT) for the project was selected in September, though only placed under contract in November 2013. In October and November of 2013, when the architects and project manager took a first look at the construction budget, they thought some costs may have been underestimated or overlooked at the conceptual design phase completed two years ago. At that time, the hope was that some of those costs could be designed out without compromising the integrity of the library renovation and addition, and that offsetting savings might be available in the "soft" project categories. The Library Building Committee urged the Town to allow the architects to proceed to develop the design fully to generate solid information about existing conditions, a good schematic design, and a clear understanding of both construction costs and overall project costs. The Town committed to the architects by contract in November 2013. The Library Building Committee and Town Manager instructed the architects to gather as much information as they could as quickly as possible and to bring back a complete project with acute awareness of cost while they addressed the deficiencies of the current building and its limitations as a functional library. Now in January 2014, the Town has a schematic design from the architects that meets the requirements of the library program it was planned to fulfill and meets the community's expectations for a well - planned, highly- functioning renovation /addition. Though conformed to the now known details and infirmities of the existing building and systems and optimized for !00 entry, flow and safety, this design follows the same parameters for the renovation and addition previously proposed. The Library Building Committee, the Board of Trustees and the Town Manager are committed to full transparency. On January 16, 2014, the proposed schematic design and the compilation of updated costs were presented to the Town Manager and the Library Building Committee and finalized in the weeks following. Accordingly, they are being presented to the Board of Selectmen and the Finance Committee on January 29, with a request to present to a Special Town Meeting in February 2014. Proposed Design Following are drawings prepared by CBT, the project architects, showing the internal and external renderings of the proposed building project. roip GROUND FLOOR PLAN IS ;. Reading Public Library 64 Middlesex Avenue, Reading, MA 01 292014 v cbt FIRST FLOOR PLAN Reading Public Library `r 64 Middlesex Avenue, Reading, MA cbt \� \) 01292014 V SECOND FLOOR PLAN . r Reading Public Library 64 MiddI —. Avenue, Reading, MA of zszoi4 cbt SECOND FLOOR FI RST FLOOR GROUND FLOOR i IR .. STAFF ENTRANA Reading Public Library RE.U71M: 64 Middlesex Avenue, Reading, v: 01 2920,4 I 1 \ - I I I I I MAIN ENTRANCE I / 1 I I � I a� I i I 1 / SECONDARY/ DEINERf i LEGEND CIRCULATION ® MEETING ROOM SPECIAL AREAS STAFF j cb Section at Main Entrance Reading Public Library 64 A Cbt M�if cllr-.ix ve -� R,-,,,g, MA 01291016 Qi) View from the South View from the North Reading Public Library NI �� 64 Middlesex Avenue, Reading, MA 01292014 Q cbt Cost Estimates Commensurate with the fully developed schematic design, the architects and project manager have developed a project cost, based on the completed schematic design and extensive reports and information from technical specialists, engineers, code consultants, and advanced investigatory methods about existing conditions. The detailed information supplied by these assessments was not previously available, and could only be obtained by engaging and paying such consultants. Costs for leasing temporary quarters, professional moving and storage, and a new circulation /materials handling system have been updated. In short, the additional time and detailed building analysis has given the project team new and significantly better information on which to base the project cost. These efforts have improved confidence and certainty in the costs. However, they also have revealed new or more severe challenges, including the following examples: • Extensive and continuing water damage between external masonry and internal walls and throughout the external masonry • Many and significant code update requirements (stairs, fire, HazMat, ADA, insulation, seismic, flooring, elevator) • Main floor needs more support (certain spans removed in 1984) • Storm water has permeated foundation, mandating a new sub - surface drainage system including new gutters and downspouts and regarding at the building perimeter • Floors must be tied to walls (seismic code) • Addition must have structural ties — can't rest against current building • Granite curbing required by Town (vs. concrete) The current proposed design and cost estimates include a fully funded project accommodating: • Construction overhead and contingencies (-29% of direct costs) • Windows, replacement woodwork, roof, turrets • New furniture and equipment (network, materials handling, security) • Project Contingency ( ~8.6% of project costs) • Continued commitment to a sustainable building The proposed design also: • assumes no growth in the physical materials collection (expected to be flat or declining over time) • incorporates internal flexibility to enable: • future redesign and reallocation of internal space • evolution to more digital and electronic uses The Library Building Committee and the Library Board of Trustees have both reviewed the design and the associated costs in detail, and unanimously recommended that the Town adopt and fund the revised project. Accordingly, the formal request is for the Town to approve an additional debt exclusion for this project of $3.5 million. The proposed timing of the request for approval by a Special Town Meeting and the voters will enable the project to stay on its current schedule and proceed in the summer of 2014 to bidding for general contractors. Delays could jeopardize the schedule and would very likely translate into additional cost increases. Below are categorical summary costs ($K) for the current proposal and the previously approved amount. TOWProject 13,328 14th 3,115 Direct Construction 10,195 7,495 2,700 Overhead 2,912 2,420 492 Contingency Fess & Admin 1,983 2,018 (35) Furnishlnp, fixtures 1,112 1,113 (1) & Equiprnent Temp Space & 675 546 129 Moving Project Contingency 1,451 1,320 131 Total 18,328 14,912 3,416 State Grant 5,105 5,105 — Local Funding 13,223 9,807 3,416 Requirement 6 The core of the project spending occurs in the construction costs, a more detailed breakdown of which is shown below. Sitework 705 RtWvMdon 61901 • Accessibility 480 • Functional Improvements 1,739 • Exterior Envelope Repair 1,301 • Public Safety 930 • Systems, Tech, Energy 2,451 T*W ConOwt m Cost Dhvd 10,274 A further explanation of these categories is provided by our architects, CBT, below. The changes in estimates are not attributable to any single item or category - they reflect more detailed information gathered over the last two months and a careful parsing by dedicated professionals. ire Report from CBT Architects: Value Enhancement for the Town of Reading to the Existing Library by Renovation Whereas the expansion of the Reading Public Library will benefit the Town with several new meeting spaces available to the community, as well as a new reading and stack room of light - filled quality, the proposed renovation of the existing building will also significantly enhance the value to the Town of this historic facility through improved accessibility, better functional organization, improved safety, abatement of hazardous materials, integrity of the building envelope, and renewed mechanical systems of higher efficiency. An allocation of approximately $6.9 million dollars of direct cost will fund these needed improvements to the original building. The order of magnitude cost for each of these principal categories of work is indicated below as a proportion of the overall $6.9 million (exclusive of site work). The distribution of costs is approximate as well, recognizing that categories overlap. Accessibility: ($480,000) A new entry sequence is planned into the building from a landscaped entry plaza at the parking area, featuring doorways on level with the sidewalk, leading to a lobby from which the various levels and areas of the library can be readily accessed via clear circulation paths, and a new elevator — all within the secure supervision and help of a new central circulation desk. The objective is clarity of orientation for the patron, with easy linear circulation movements along the center of the library, and openly visible access to stairs and the elevator serving the 3 levels of the library. The elevator is enlarged for ease of use to accommodate parents with strollers, those with physical disabilities, indeed all patrons, as well as emergency services. Access to the children's library, traditionally on the upper level at the Reading Library, will be more direct than at present, without necessarily traversing other parts of the library, if desired. The accessibility extends through the existing building to a new exterior activity area at the roof deck of the new addition, for the children. All accessory areas of the library will be updated to meet dimensional standards for doors, aisles, toilet rooms and fixture placements. Functional Improvements and General Overall Reconfiguration /Finishes Renovation: ($1,739,000) The overall functional relationships amongst staff areas, collections, reading areas, exhibits, meeting spaces, and utility uses have been studied to maximize efficiency, improve sight lines for supervision, connect the staff positions directly to staff work areas, ease navigation through the facility, and to make the access of the collections a positive experience. The functional improvements will enable the staff to have a visible presence throughout the building, and efficient use of space will translate into more staff time available to assist the patrons. The spaces are designed to fit the current and future programmed activities and collections. Exterior Envelope Repair. ($1,300,500) Funding will be assigned for refurbishment of the exterior envelope of the original building, in order to address issues of deterioration, maintenance, and energy efficiency. The key elements of the envelope have been studied to identify present deficiencies and points of failure. Principal components in particular are highlighted. masonry, windows, roofing and associated drainage. The masonry exterior is in need of general pointing and repair. Several areas of wall suffer from water penetration which has displaced the brick via freeze -thaw cycles, which, if not corrected, will accelerate the rate of failure. Mortar has deteriorated and water is infiltrating the decorative horizontal bands, where the mortar is washed out, leading to infiltration. Broken and cracked masonry is to be replaced. The conditions have been identified by the design team for budgeting specific repair. The original wood windows are past their useful life; many are no longer operable with failed balance weight systems, the glass is only non - insulated glass, and there are excessive layers of paint. The project includes replacement of the windows using relatively low - maintenance aluminum framed window with insulating glass (including energy- saving coatings). The windows will be designed to match the historic frame and trim profiles of the original wood windows, with fused finish coatings of historic appearance to minimize the need to re finish in time. The program includes exposing /re- opening windows to the lower stack level areas along the south side of the library, now covered by the handicap ramp (to be removed and replaced with direct entry access described above.) The roof system has reached the point of replacement, as the gutters are leaking and the eaves have areas of failure; the fascia and flashings are due for replacement using improved materials and methods reflecting current practice. Refurbishment of the subsurface drainage network for the rain leaders — which are suspected for water penetration into the building at some locations of the lower level - is planned. The roofing renovation presents the opportunity to consider reconstruction of the missing conical turret roofs (lost in the past to fire). Public Safety. ($930,000) Costs have been included for general improvement of public safety, within the context of an existing, historic public facility, as modeled for by provisions of the Massachusetts State Building Code. The funding for the project is not least valued for the contribution to safety. The renovation is an opportunity to enhance the strength of the building to improve resistance to seismic events, within practical limits. For example, the code provides for clipping all the wood 170 floor framing to the masonry walls to mitigate potential separation through a tie system. Selective floor areas for book collection loads will be strengthened. Egress stairs will be updated with fire -rated enclosures (now absent). Modernized fire alarm and detection systems, along with updated sprinkler protection will serve the public good. In the course of the refurbishment, hazardous materials have been tested for and identified, and these materials will be abated in accordance with regulations. Systems Replacement, Technology Integration, Energy Efficiency and Sustainability: ($2,450,500) Modernization of the mechanical, electrical, plumbing, and technology systems of the library will provide measurable benefit and positive return over time, together with responsible management of Town resources. Funds are targeted for a complete replacement of the heating, ventilating and air conditioning systems, using modern high- efficiency condensing boilers and an effective refrigerant -based heat - exchange system, supplemented with proper fresh air ventilation meeting the current code standards. Together with the insulated glass windows and a new insulation system for the large attic space, and an electronic management control system, the energy efficiency of the original building will be advanced, saving costs long- term for the Town and improving the environment of the facility in terms of air quality, temperature control and comfort. Furthermore the electrical system and lighting will be updated and enhanced to serve the operating systems and the patrons. The improved lighting will also contribute to the public safety discussed above. Plumbing systems will be renewed with more numerous toilet facilities of convenient location, utilizing low- consumption fixtures for water conservation. Toilets will be configured for accessibility. Along with the electrical system upgrade, the original library will benefit from a new technology infrastructure to support extensive availability of computer stations. The network will feature an expanded network of computer connection ports, coordinated with specialized furnishings, to facilitate flexibility and encourage usage by all patrons. The positive and long -term benefit and value of such technology access to the community, in terms of education and opportunity is beyond measure. Alternatives The decay and decline of the library building has accelerated in recent years. Residents who toured the building " behind the scenes" in the spring of 2013 saw major areas of deterioration and damage, and were dismayed to discover the age and wear - and -tear on the 120 year -old building. At this point in time, the Town must address the library. If not this project, then a substantial renovation of the existing building or a new building must be pursued immediately. The information and knowledge generated from the current project has enhanced our awareness of major issues. Major drivers to update the space include: • Serious and accumulating damage (water between walls, foundation, masonry) • Required Code Updates (stairs, fire, ADA, HazMat remediation, insulation, seismic, flooring, elevator) • Community Usage (actual use, requested space reconfiguration, flexibility for future uses) • Updated systems to handle evolving usage (electrical, HVAC, network) The Town has committed and approved the current project in all respects (location, layout, scope, etc.). The current request is an informed update to it. Questions have occasionally arisen during the project about these other alternatives. As you can see by the estimates below, neither would appear to make sense. However, for completeness we have asked STV, our project manager, to assist us in preparing directional, high level estimates. The information below regarding other alternatives is for reference only. Neither is under consideration. The estimates for the two options have not been fully developed but represent a collective best guess and are offered for comparison purposes. Each contains certain assumptions which would apply to each alternative, including the following: • Are extrapolated from comparables but not based on specific design information or detailed cost estimates • Will involve a project with enough changes to trigger full code compliance • Will be of sufficient size to require professionals, temporary relocation, and new furniture and equipment • Will be funded entirely by Reading (current state grant forfeited; no eligibility for a Renovation only; a successful approval of a resubmission for a new building is very uncertain and, even if ultimately available, would likely result in substantial delays) • For an expenditure reflecting all of the foregoing, the Town should invest in either project to deliver a useful library • Will not achieve Town's stated requirements (space, utility, location) • Costs expended or committed on current project are aggregated and included • As entirely new projects, redesign and new Town approvals will cause delays, which are conservatively reflected as 18 month escalation of 6% (4% per year) Ir.TM Direct Construction 7,676 12,662 tV & C0MkVncy Fees & Admin Local Funding Not Available for Renovation onty. 2,627 4,333 2,529 2,911 6S5 1,112 675 100 1,236 1;906 15,398 23,024 15,398 23,024 Renovation Only also assumes: • New Roof, Windows, and Exterior Repairs, HVAC, Toilets, Stairs, Elevator and Accessibility Upgrades as required by code. • Significant storm drainage work to be performed and associated repair New Building also assumes: • Building parcel is immediately available, at no cost, and reasonably flat and open site; no demolition or Haz Mat; and utilities available in adjacent street(s) _ $1m site work • 37.5K sq ft new library, with direct construction costs of — $311/sq ft (based in other current MA library projects, current proposed addition, and STV /CBT experience) 0 • No costs including for decommissioning or redeploying old building (which will be substantial) External Fund Raising Library supporters still expect to organize a funding campaign, both private and corporate, as well as in -kind requests, but none have formally commenced. Efforts are pending both a final, funded design and the establishment of a fund raising group. OlIq DRAFT 2014 Special Town Meeting Thursday February 13, 2014 WARRANT OUTLINE REVISED 01/23/2014 Art. Mover/ Moderator # Article Description Sponsor Comment Notes 1 Reports Board of Selectmen ♦ Motion to Table — James Bonazoli 2 I n Board of Selectmen ♦ Motion to Table — John Arena 3 Amend the Capital Improvement Board of Selectmen ♦ Motion — Ben Program FY 2014 -FY 2023 Tafoya ♦ Presentation — Bob LeLacheur ♦ FINCOM report — Barry Berman 4 Dispose of Surplus Tangible Board of Selectmen ♦ Motion — Dan Properties Ensminger ♦ Presentation — Bob LeLacheur ♦ FINCOM report — Nim Mark Dockser 5 Amend the FY 2014 Budget FINCOM ♦ Motion — Marsie West ♦ Presentation — Bob LeLacheur ♦ FINCOM report — Mark Dockser 6 Authorize Additional Excluded Debt ♦ Motion — David — Library Building Project Hutchinson ♦ Presentation — ♦ FINCOM report — Barry Berman 1/23/2014 1 0 COMMONWEALTH OF MASSACHUSETTS Middlesex, ss. Officer's Return, Reading: By virtue of this Warrant, I, on notified and warned the inhabitants of the Town of Reading, qualified to vote on Town affairs, to meet at the place and at the time specified by posting attested copies of this Town Meeting Warrant in the following public places within the Town of Reading: Precinct 1 J. Warren Killam School, 333 Charles Street Precinct 2 Reading Police Station, 15 Union Street Precinct 3 Reading Municipal Light Department, 230 Ash Street Precinct 4 Joshua Eaton School, 365 Summer Avenue Precinct 5 Reading Library, Local History Room, 64 Middlesex Avenue Precinct 6 Barrows School, 16 Edgemont Avenue Precinct 7 Birch Meadow School, 27 Arthur B Lord Drive Precinct 8 Wood End School, 85 Sunset Rock Lane Town Hall, 16 Lowell Street The date of posting being not less than fourteen (14) days prior to February 13, 2014 the date set for the Town Meeting in this Warrant. I also caused a posting of this Warrant to be published on the Town of Reading website on , Constable A true copy Attest: Laura Gemme, Town Clerk 9 TOWN WARRANT OFRFgo� tic 'r F + b O ��0 J6'I0;1XC0 RQI COMMONWEALTH OF MASSACHUSETTS Middlesex, ss. To any of the Constables of the Town of Reading, Greetings: In the name of the Commonwealth of Massachusetts, you are hereby required to notify and warn the inhabitants of the Town of Reading, qualified to vote in elections and Town affairs, to meet at the Reading Memorial High School Hawkes Field House, 62 Oakland Road, in said Reading, on Thursday, February 13, 2014, at seven -thirty o'clock in the evening, at which time and place the following articles are to be acted upon and determined exclusively by Town Meeting Members in accordance with the provisions of the Reading Home Rule Charter. ARTICLE 1 To hear and act on the reports of the Board of Selectmen, Town Accountant, Treasurer - Collector, Board of Assessors, Director of Public Works, Town Clerk, Tree Warden, Board of Health, School Committee, Contributory Retirement Board, Library Trustees, Municipal Light Board, Finance Committee, Cemetery Trustees, Community Planning & Development Commission, Conservation Commission, Town' Manager and any other Board or Special Committee. Board of Selectmen ARTICLE 2 To choose all other necessary Town Officers and Special Committees and determine what instructions shall be given Town Officers and Special Committees, and to see what sum the Town will raise by borrowing or transfer from available funds, or otherwise, and appropriate for the purpose of funding Town Officers and Special Committees to carry out the instructions given to them, or take any other action with respect thereto. Board of Selectmen ARTICLE 3 To see if the Town will vote to amend the FY 2014 - FY 2023, Capital Improvements Program as provided for in Section 7 -7 of the Reading Home Rule Charter, or take any other action with respect thereto. Board of Selectmen ARTICLE 4 To see if the Town will vote to authorize the Board of Selectmen to sell, or exchange, or dispose of, upon such terms and conditions as they may determine, various items of Town tangible property, or take any other action with respect thereto. Board of Selectmen 2 ARTICLE 5 To see if the Town will vote to amend one or more of the votes taken under Article 11 of the April 22, 2013 Annual Town Meeting relating to the Fiscal Year 2014 Municipal Budget, and amended under Article 11 of the November 12, 2013 Subsequent Town Meeting and see what sum the Town will raise by borrowing or transfer from available funds, or otherwise, and appropriate as the result of any such amended votes for the operation of the Town and its government, or take any other action with respect thereto. Finance Committee ARTICLE 6 To see what additional sum the Town will raise by borrowing or transfer from available funds, or otherwise, and appropriate for the purpose of renovating and expanding the Reading Public Library located at 64 Middlesex Avenue, including the costs of consulting services, audits, plans, documents, cost estimates, bidding services, moving, temporary relocation, and all related expenses incidental thereto and necessary in connection therewith, said sum to be expended by and under the direction of the Board of Library Trustees and the Town Manager; and to see if the Town will authorize the Board of Library Trustees, Board of Selectmen, Town Manager, or any other agency of the Town, to apply for a grant or grants to be used to defray the cost of all, or any part of, said improvements; and to authorize the Board of Library Trustees and /or the Town Manager to enter into any and all contracts and agreements as may be necessary to carry out the purposes of this Article {,subiect to approval by the voters of the Town of a Proposition 2 '/2 debt exclusion for the Town portion of the cost of the ro'ect . These funds will be additional to the $14.9 million previously approved by vote of Town Meeting on January 28, 2013 and a majority of the voters at a local election on April 2, 2013, or take any other action with respect thereto. Board of Library Trustees and you are directed to serve this Warrant by posting an attested copy thereof in at least one (1) public place in each precinct of the Town not less than fourteen (14) days prior to February 13, 2014, or providing in a manner such as electronic submission, holding for pickup or mailing, an attested copy of said Warrant to each Town Meeting Member. Hereof fail not and make due return of this Warrant with your doings thereon to the Town Clerk at or before the time appointed for said meeting. Given under our hands this 29th day of January, 2014. , Constable James Bonazoli, Chairman John Arena, Vice Chairman Ben Tafoya, Secretary Dan Ensminger Marsie West SELECTMEN OF READING wo,