Warrant Article Title:
APPROPRIATION/COMMUNITY PRESERVATION FUND

Discussion:
These projects total $175,200. The CPA appropriations and budget reserves at Annual Town Meeting on June 15th left a projected unrestricted fund balance of $242,297 for FY21 based on anticipated CPA revenues. These revenue projections have been realized to date and will likely be exceeded due to a larger than expected state match this year. If Town Meeting funds the three projects above, the unrestricted CPA fund balance heading into the new FY22 budget cycle will be at least $67,097.

Vote Language:

VOTED (8-0):

That the Town take the following actions to appropriate funds for FY2021 CPA projects, with each project considered a separate appropriation:

(a) Appropriate the sum of $80,000 for the Minuteman Bikeway Planning project from FY2021 Community Preservation Fund revenues for the rehabilitation of recreational land, said funds to be expended under the direction of the Department of Planning and Community Development and the Community Preservation Act Committee;

(b) Appropriate the sum of $60,000 for the Communitywide Archaeological Reconnaissance Survey project from FY2021 Community Preservation Fund revenues for the preservation of historic resources, said funds to be expended under the direction of the Department of Planning and Community Development and the Community Preservation Act Committee;

(c) Appropriate the sum of $35,200 for the Documentation of Historic Municipal Resources project from FY2021 Community Preservation Fund revenues for the preservation of historic resources, said funds to be expended under the direction of the Department of Planning and Community Development and the Community Preservation Act Committee.

 

That the Finance Committee supports the recommendation of the Community Preservation Act Committee.

 

Community Preservation Act Committee Report

Finance Committee Addendum

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