Hello friends…I agree with Bob Mason and others who are asking the fundamental question…
What should our priorities be…now? What matters most…now? What is possible…now? Best, Joe From: Lincoln <[email protected]> On Behalf Of Bob Mason Sent: Tuesday, November 15, 2022 3:11 PM To: Lincoln Talk <[email protected]> Subject: Re: [LincolnTalk] Waiting for Andy Payne I concur that Andy did an excellent job presenting some important facts that can help inform our decision to vote Yes or No in support of the proposed community center project. I still have some questions and concerns... >From the presentations last night, two items that stood out to me include: 1. The dramatic increase in anticipated project cost from $15MM-$16MM to $25MM to $26MM. 2. The range of possible town projects that may require significant capital planning (e.g. roadside repairs, new cemetery, new DPW, major land conservation projects, etc) Assuming the town voted to move forward with a $25MM community center project, I would like to understand what limits that may place on our ability to finance these other projects over the next decade+. It was also presented that we basically have $30MM remaining in our available capacity to borrow (at reasonable rates in a financially healthy form). If $25MM of that is allocated to a Community Center, does that restrict our ability to execute these other projects as well? Or does the window of additional borrowing capacity increase sufficiently in the coming years that we still have capacity to consider additional materially important projects. I wonder if FinCom can prepare a few scenarios that project out in the future how these potential future capital projects can be sequenced or if a $25MM community center jeopardizes our future optionality. I think a "community center" that meets the needs of our seniors and other citizens would be nice, but a $25MM project makes me very nervous especially because I'm concerned it would limit our ability to finance these other worthy endeavors. If it was possible to spend $10MM in a refurbishment project or overhauling an existing building, then that might be necessary to reserve sufficient borrowing capacity for these other projects. bob On Tue, Nov 15, 2022 at 2:17 PM Louis Zipes <[email protected] <mailto:[email protected]> > wrote: (sheepishly has to admit that I didn't RTFM or in this case watch the presentation yet so I'm off to do that) I like all of the Andys on LT equally! On Tue, Nov 15, 2022 at 1:44 PM Andy Wang <[email protected] <mailto:[email protected]> > wrote: He did, he's the chair of FinCom. Did you catch the State of the Town meeting last night? I thought he did a nice job of outlining the assumptions and where the town stands (and also where there are still unknowns). If not, here's the Zoom Link of the recording. https://us06web.zoom.us/rec/share/NTEsrGUhsk73GsHcXlAtlw4n84IMnMVpIJZ2eaKr2EShagQ77fe2jcRYqHQxCETz.Y4lKyFe_21BBXwXO If there's something specific, he's also willing to answer questions. One Andy responding for another, Andy On Tue, Nov 15, 2022 at 1:17 PM Louis Zipes <[email protected] <mailto:[email protected]> > wrote: Like Jon Ralston for Nevada elections, I await Andy Payne to break down the proposed Community Center finances. 😀 -- The LincolnTalk mailing list. To post, send mail to [email protected] <mailto:[email protected]> . Search the archives at http://lincoln.2330058.n4.nabble.com/. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln. -- The LincolnTalk mailing list. To post, send mail to [email protected] <mailto:[email protected]> . Search the archives at http://lincoln.2330058.n4.nabble.com/. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln.
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