Okay. So we'll leave it in. We'll leave it in and we'll see like I'm fine if it goes up for discussion later. If the AG's office says nope and crosses out, it gets crosses out. Yeah. You know, um so and we'll we'll put back in the ADU should be fully located within the dimensional setbacks. Yeah. So that goes back in. And then on the next page something that I caught, which I think Kate also noted, and I I said I I couldn't believe I didn't see this before. In parking, all motor vehicles owned or maintained by occupants. I'm like, no, no, no, no, no. was supposed to be one like one so that um um Yeah. So, we're going to just put one motor vehicle. The clean the clean version has that already. Oh, sorry. I'm looking at my old version. Okay. Sorry, I was looking at my edited version.
So, thanks for that. And just kind of just for context, because I know we talked about on the last committee just how much funding I think that question had come up. So that just reminds me of how much funding do we receive as a as a district just ongoing state funding for capital needs on average based on our student enrollment we receive about 12 a.5 to 13 million per year. Um and again if the enrollment declines it it you know that's the decline with it. So about 12 million. Um but again that goes to that that and what I I think often people forget or don't realize is that actually also is intended to cover software. The auditor general sees that as capital. So any software, any devices, any Chromebooks, any just ongoing operational needs that really is just kind cut off the top off the 12 million.
Okay, great. And then obviously the def the definitions that are in the current section of definitions will be taken out and this will all be um self-contained. So is there any other any other comments or changes we want on that? So I I can make a motion to approve with Kate's changes. She emailed right theory dwelling the clean version when we did tonight. Great. So with that change to get the accessory drawing unit section 8 of chapter 15 move forward to second and Trisha Kendall I okay so that's taken care of and then the last one simplest that one was just 9.4.5 4.5 site plan review, but that one had no comments from nobody on the board from last and that's moving the the 30 days to 65 days to match up with the special permit requirements. So here you're just on the sheet you're giving everything but the the actual change the actual bylaw is just um in section three.
So to try to build up to even getting close to the amount to really repair some of these that that's where the the challenge is. Um because I think often I get that feedback is well just save what you receive. Well, often what you're receiving it's like your checking account. It's being deposited but it's being used for ongoing operations. So you try to reserve and we do we've been building and making a deliberate effort to to reserve as much as we can because there are instances where there is just we were very close to having to issue a pretty large PO for one of our schools that we we have to we just have to do it. It was going to dip quite a bit in reserves and at the very last second the school facilities division was able to come in um and fund it.
Yeah, it's in section three or you're because we're not taking all this out and yeah, all this stuff stays, right? So, it's just one and two stay. Oh, like putting it on the war and that's just Are we aren't we like Yeah, we are on the warrant. I guess I just gave it for context. Okay. The whole thing it's going to be three. Yeah. And it's just putting bush all the public hearing. Um I believe in the I think we have a we have a the current language I believe is fact factf finding right a factf finding me exactly public hearing obviously within 65 days and then we also add um notification shall be provided in compliance with m master law chapter 48 section 11 that is what we do already today this that's the newspaper 14 days prior two that's notification within 300 of the locust.
But it's been an approved project for well over a year. They just haven't had the funding for it and it came through at the last second. But that's why we need to have those reserves to be able to pull at that last second if if needed. Um so that is the ongoing challenge. But great conversations. I do want to and and we can certainly continue that. We'll kind of pivot a little bit into the override um conversation as well because as you know and and we spoke about it at the last meeting, we are entering year five. So just as a reminder, overrides are funded for a total of seven years. Fully funded for the first five and if it they're not approved, they start phasing out by a third. until by the end of year seven they're entirely gone. The question at the last committee request um was what impact have we seen on student achievement?
Um, and so obviously we're just verifying that with So in the 65 days of the receipt of the application, is that like receipt of the do we have do we have it in the same way that the receipt of the complete application or um it's it's in I think it's it's verbatim. It's the same the wording. Yep. For the special project. Okay. Yep. All right. Everyone's good at that. seems that way. Um I make a motion that we accept the um modification for section 9.4.53 procedures for site plan review to pass along next steps for town. I'll second that. I Katherine Jersey and Trisha Kendall. Okay. So bylaw changes are on their way. Yay. Um, next discussion and comments for 61 Waverly Street 40B comprehensive permit application. So, this was for the second 40B project. The zoning board of appeals. Oh, um, I mean, oh yeah, we can do that.
So just a background the override there was a loss of the override in 2014 um and so that did result in having to start making cuts that following school year school year 1516. So the in addition to there were having to be teacher reductions one of the largest ones that I think people seem to recall is the reduction to go to half day kindergarten. And so the question has been what long-term impact have we seen? Are we seeing a an impact on student achievement in that cohort? Um so we worked with our research department to just look and and see what types of differences have they seen and just there for context. We've seen the most of the difference in the English language and just in your reading um generally starts lower and it doesn't really close the gap compared to those students who were in a full day kindergarten program.
Um Peter just made me aware that um the applicants for number seven 100 Chestnut Street um for the signage are on and so we might as well take care of that first to as not leave them waiting. So we will skip down to number seven Chestnut Street Asher development. Um this is regarding the signage there. Correct Peter? Correct. So um the Asher development uh 9 100 Chestnut Street the last ph of the village Americas. Um Mr. Roy McDow uh is here tonight. And um and so in accordance with the 100 Chestn Street special permit site plan review special condition five, the planning board review the proposed installation of the tenant directory sign at the entrance of 90 and 100 Chester Street. If you remember a few months ago, I believe it was right prior it was kind of leading up to the holiday break, we reviewed uh two signs um for the residential development.
So there is and again do we want to say it's entirely related to that? We can't necessarily state that because there's been a lot of factors. Um one of those interestingly was when we looked and saw okay how were the exams excuse me state exams in that course of of time we went from having state as exams to a merit in 2020. There wasn't testing. Then we went to a ACM2 and now we're doing AASA. So there's been a lot of different testings at the state level. So it's kind of difficult to say okay this is exactly the you know the result of it. However when looking at at data it does seem to trend that that cohort that kindergarten class through currently now 9th graders um you see that there has been an impact to a certain extent. Could it be attributed to that?
Um I'm happy to say that, you know, we poured the development. Um it's getting very close to completion. Um actually we we issu the town issued temporary occupancy so the leasing office could get opened up and so people they can start kind of that leasing effort. But with this said, we're here tonight to discuss the proposed tenant directory sign that you can see um on the on the map here and then on the back page. And this would be um obviously uh sitting along Chestnut Street and it would be an area where the tenants uh taking up that 10 and a half thousand square feet of commercial space um their businesses could be listed. Um this this this sign is not internally lit. It's going to be up lit from a landscape lighting. Um and it will sit facing Chestnut Street. Um, furthermore, economic development director Beth Reynolds um has has also uh supplied us with a letter.
You know but at the same time that is something that is something that we've kept an eye on on that cohort that was affected through that reduction. So, just as a reminder, um, current year budget, it's about 25 and a.5 million. So, these are the programs that are funded through it. I've included the link. You're always welcome to go and see, um, how those funds are are spent. This was the breakdown of where the budget currently is. So, you see about really full day is only 10% of it. 25 and a half million, it's only 2.5. The largest amount is going to come with your 9.8 million of if we have to reduce or increase class sizes. that you know that's teachers that those are those positions that really has the greatest impact as well as a lot of those programs. So at the last committee meeting we talked about what other districts in our peer group and again this peer group is who the auditor general kind of compares us to for operational purposes.
Uh, and I just kind of want to make note of that. Um, so without any more interruption, I believe Mr. Roy McDow is here tonight. um Roy and or whoever is on from the McDow group. Uh please feel free and uh unmute yourself and um fill the board in with any information that I may have uh skipped over. Peter Roy McDow here this evening. Yes, we had met with Peter the building inspector and with Beth. Um, we've had a number of showings for the various spaces that we have and the first comment everyone has is can there be a sign near the street so people even know we're here and just give a listing of the various uh commercial users that would be on the property. So it gives a sense of synergy between the players. It's relatively speaking it's small. The letters are only about three and a half inches tall.
Do they also have overrides in place? And the answer is yes. Now most of them do have the full as as the capacity we're able to go up to is the 15%. Most but two have the full 15%. Um, Peoria has gone down to 13%. I think that's what was palpable for their, you know, for their um, community there. Glendel Union I they are not phasing out I believe and they've been at that 10% override for for a number of years. They do utilize other funding sources. I believe they get DEG monies and and things like that. So um, they they draw on those those other u balances. So in looking at it, the question was, well, what if we didn't do a full 15%. What if the request was, you know what, we're going to look at our peers over here, they're at 1310, they can do it.
So it's it's not a a large sign. That's really just moreformational. Yeah. The the other sign that we discussed previously, um it's it's on the corner, right? Um yes, it's directly opposite this one, right? On the corner coming up the hill, I think I can see it on the drawing. Is also Oh, and there's one on the as you enter, there's the one on the right hand side, too, that just says the Asher or something like that. Yes, correct. And they're both the same color theme, so we're not mixing and matching, right? I I I remembered that from the previous um submission. Okay. Any comments? Um I don't think that meets the requirement of our bylaw, right? Our signed bylaw size. I think there's a size in our in our um regulations. I think it's actually quite smaller than most commercial signs in town. Do we have that?
What does that do to the 20, you know, 25.5? So right now, based, we did receive our assessed valuations for the upcoming year. So I was able to at least get a good estimate on what that override for next year will be. And as I mentioned, next year still is fully funded. We're going into year five. So again, if it's not approved or renewed or continued, it does start phasing out. Um, but for just for this conversational purposes, 26.4 million is about what you can expect to see as an override for next year. Now, if in that arena we were only a 13% district, you'd only have a 22.9 million. So right there, you're already shaving off, you know, 3 million. Um, and then if we were only 10%, you're only looking at 17.6. So again, we would then have to look to these programs and see what of those we we would not have because we would we would already be going in with a reduced override amount.
Do you have the I didn't look at that before the meeting. Do we have the bylaws sitting there? It seems to me actually it's only 5t tall. It seems quite uh 5 by four. It seems um five I think it says five three and a half by four feet. Um I I think ours is four square. It actually calls it 4 foot square, I think. Um, we're looking at the bylaw right now. Obviously, the the sign's going to have to be issu a signed permit is going to be have to issu is going to be issued by the building commissioner. Um so a building permit does have to be pulled and so Doug is going to have to review this to make sure it fits in with that bylaw. Um yeah uh sign permit shall be subjected to the filler restrictions. No sign shall exceed four square feet in size.
Um so I just wanted to provide that for context because I know that question came up is has the committee even had the conversation or considered do we not you know make that recommendation to go for the full 15%. Um but I just wanted you to have for context what that would look like. Um, so wanted to get your your thoughts on that. I did not so I did um it was kind of like back of napkin little estimates I did here. So just for context um the tax rate impact again so we could all so again these are all pro uh taxes on your secondary taxes. So, we want to take a look at what impact that has. So, currently the um at the full 15% I estimate it would be about a $110 per 100,000 assessed value, you're looking at about 219 per year on an average assessed valuation home is what goes to pay for the override.
No more than two sign shall be u attached to a It doesn't say four. What? It can't say four square feet. Can I think it's four feet square? Okay, that's what I was wondering. Oh, it says No, it doesn't. It says no sign shall exceed four feet square. Um, four square feet. Yeah. Four. It says no sign shall exceed four square feet in size, which means it's 2 by two. Yeah, that can't be right. No, that can't be right. That can't be. There's no sign in Ashlin that's like this. 2 by two. I mean, yeah. Yeah. So, there's something strange about that. Um, okay. Let me ask you, would you consider approving it subject to the approval of a permit by the building commissioner? Um, yeah. I mean, I'm a little surprised by our bylaws here if that that that they're that off because there's I mean I mean every school sign is bigger than four square feet, right?
If you now look at 13% it would be about $190 per year. If you go down to 10% it would be about a 74% tax rate. So, it' be about 146 per year. So it helps to kind of quantify that sometimes in in dollar form of what does that do? So an average taxpayer, let's say they would be paying $220, let's say if they're an average assessed valuation home, but now you have, you know, $10 million less. You're now paying about $146. So you have about a $60 savings there. $60 70 savings per year. Um while having about $10 million less in an ongoing budget. Good question. I thought about this afternoon. I'm like, tax rates. So, um, thoughts. I I know as a district, this district has consistently had the full 15% that's been embedded into ongoing operations. The only time we did dip down to that um to that 10% was really when we had to start phasing it out.