2015-01-28-CPC-min - Laserfiche WebLink

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existing figures, or rolled over next June. Projected revenues and expenditures are subject to revision. Mr. Addelson reviewed sheet one and sheet two of the project revenues and expenditures. Sheet one shows project revenues and expenditures without pay down of the note, modeling inflows and outflows. Sheet one includes acquisition of Parcel 2 and Wright Farm. Sheet two shows projected revenues with a pay down of a portion of the note in the amount of$1,000,000. Mr. Kanter recommended that the CPC use the pay down model. Mr. Addelson explained that the model does not reflect the $25,000 fund for the restriction. Mr. Kanter and Mr. Addelson encouraged endorsing an increase of$1,000,000 to the appropriation to the CPA Fund to permit the paydown. Motion made by Ms. Krieger and seconded by Mr. Wolk to so increase the appropriation for the CPA fund, 9-0 in favor. 4. Project Updates and Member Concerns —Ms. Fenollosa asked the CPC for help in updating the status of outstanding projects. CPC members should send updates to Ms. Fenollosa by the next meeting. 5. Upcoming Meetings —The CPC discussed the next scheduled meeting on February 12, 2015. The CPC agreed to meet on February 19, 2015 instead. The following documents were presented at the meeting: 1. Memorandum; To: Community Preservation Committee From: Carl F. Valente Re: CPA Funding for Holder of the Community Center—Historic Preservation Restriction; Date: January 28, 2015. Presented by Carl F. Valente, Town Manager. 2. FY16 CPA Project List (Jan. 28, 2014). Presented by Marilyn Fenollosa. 3. CPA Fund—Projected Revenues and Expenditures; Date: January 28, 2015. Presented by Robert Addelson, Finance Director. Motion made by Ms. Krieger and seconded by Mr. Cohen to adjourn the meeting at 4:00 p.m. Minutes prepared by Michelle Morelli