2013-10-31-CPC-min - Laserfiche WebLink

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6.Appropriation of State Surplus Funds at Special Town Meeting Mr. Addelson, Assistant Town Manager for Finance, addressed this item. The Town will be receiving additional State Matching funds due to the amendments approved in July of 2011. Mr. Addelson proposed appropriating these funds at Special Town meeting to enable them to be available for FY14 costs specifically the Interim Renovations to the Community Center. He said the exact amount of the surplus is not yet known, but he had conservatively estimated it at $824,273. He presented a chart of how the funds would be appropriated 10% to each bucket ($82,427) and the remainder to the Unbudgeted Reserve ($576,991). The Committee discussed this proposal and agreed that it would be best to appropriate the funds to the FY14 budget. The Committee voted (9-0) to approve Mr. Addelsons recommendations for appropriation of the State Surplus funds at the upcoming Special Town Meeting. 7.Approval of CPC Report for Special Town Meeting The Committee voted (9-0) to approve the CPC Report to Special Town Meeting. It will be available online on and at the st Police Station on November 1 . The meeting was adjourned at 4:45 pm. The following documents were presented at the meeting: 1. Proposed Supplemental Appropriation Article 2(d): November 2013 STM, submitted by Mr. Addelson, Assistant Town Manager for Finance. Respectfully submitted, Nathalie Rice Administrative Assistant Community Preservation Committee 3