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2006-09-00-CPC-rpt (Needs Assessment Report)
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2006-09-00-CPC-rpt (Needs Assessment Report)
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Minutes - CPC - Community Preservation Committee - Needs Assessment Report
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<br /> <br />Town of Lexington <br />Community Preservation Plan <br />Overview <br /> <br />________________________________________________ <br /> <br /> <br />Introduction <br /> <br /> <br />The residents of Lexingtonvoted in March, 2006 to adopt the Community Preservation Act <br />(CPA). In fiscal year 2007, our first full year under the CPA, the Town will have collected over <br />$2,000,000 raised through a 3% surcharge on the local property tax bills, available for eligible <br />CPA projects. In October, 2007 a state match is estimated, at the time of this writing, to add <br />another $2,000,000. In subsequent fiscal years, unless there is a change in our level of <br />participation or the CPA is amended by the State Legislature, we can expect similar levels of <br />annual funding at least through fiscal year 2009. The Lexington Community Preservation <br /> <br />Committee (CPC) was formed in April, 2006to make recommendations to Town Meeting on <br />how to utilize the funds raised through the surcharge and the state match (CPA funds). <br /> <br />The CPA requires that at least 10 percent (a total of not less than 30%) of the CPA funds <br />received in each fiscal year be spent or reserved for each of the CPA's three main purposes: open <br />space, historic resources, and community housing. CPA funds that are not expended in one year <br />may be “banked” or carried over to subsequent years. However, once CPA funds are banked for <br />a specific purpose, they must ultimately be used for the purpose for which they were banked. The <br />remaining 70 percent of CPA funds in each fiscal year are available to be appropriated or <br />banked, according to the Town's discretion, for one or more of four purposes: the three listed <br />above, as well as for recreational uses. In addition, subject to certain restrictions, five percent of <br />the CPA funds raised annually may be used for administrative activities related to the work of <br />the CPC. <br /> <br />The CPC consists of nine members, including members appointed by and from the Conservation <br />Commission, the Planning Board, the Housing Authority, the Historical Commission, the <br />Housing Partnership and the Recreation Committee, as well as three members appointed by the <br />Board of Selectmen. <br /> <br />The CPC is required to study the “needs, possibilities and resources” for community preservation <br />in Lexington. To that end, we have reviewed existing plans and documents bearing on the four <br />purposes designated for funding under the CPA: open space, recreation, historic resources and <br />community housing. <br /> <br />Purpose <br /> <br /> <br />This Plan is a summary of our work in developing community preservation goals for Lexington. <br />We have attempted to synthesize all planning efforts addressing the four purposes identified in <br /> 3 <br /> <br />
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