Town Authorizes $170,000 In Annual Community Preservation Fund Reserves

Key Points

  • Sets aside $150,000 for mandated CPA reserve categories
  • Allocates $20,000 for CPC administrative costs
  • Mandatory annual appropriation for historic, housing, and open space uses

Article 7, a routine annual measure, was approved to set aside the required allocations for the Community Preservation Committee (CPC). The motion, read by L. Bernady, ensures the town complies with state mandates to reserve a percentage of CPC funds for specific community needs.

The town appropriated $50,000 each into reserves for Historic Resources, Community Housing, and Open Space. Additionally, $20,000 was authorized for the committee's administrative expenses for fiscal year 2027. The funding is drawn from the estimated annual revenues of the Community Preservation Act.

Motion: Move that the town appropriate from the community preservation fiscal year 27 estimated annual revenues the amount recommended by the community preservation committee... Historic Resources Reserve $50,000; Community Housing Reserve $50,000; Open Space Reserve $50,000; Administrative Expenses $20,000.

Vote: Passed Unanimously