2015-12-00-CPC-rpt (Needs Assessment Report)

Browse Search

Appropriation of CPA funds by category since passage of the CPA By -law in Lexington in 2006. APPROPRIATED TO DATE (by category as of 7/01/15 ) CATEGORY Community Housing Historic Resources Open Space Recreational Resources $7,797,857 $34,545,017 $ 14,576,415 $5,425,205 TOTAL $62,344,494 Administrative Expenses $1,180,000 TOTAL APPROPRIATIONS $63,524,494 TO DATE The CPA statute requires that at least 10% of the CPA funds received in each fiscal year be spent or reserved for each of the CPA's three main purposes: open space, historic resources, and community housing. CPA funds may also be also used for acquisition, creation, preservation or the restoration /rehabilitation of recreation resources. CPA funds that are not expended in one year may be "banked" or carried over to subsequent years within each main designation. The remaining 70% of CPA funds received in each fiscal year is available to be appropriated or banked, according to the Town's discretion. Up to five percent of the CPA funds raised annually may be used for administrative activities related to the work of the CPC. The Lexington CPC consists of nine members, one each appointed by the Conservation Commission, Planning Board, Housing Authority, Historical Commission, Housing Partnership and Recreation Committee, and three at -large members appointed by the Board of Selectmen. The Committee is supported by a part -time Administrative Assistant. The CPC is required to study the "needs, possibilities and resources" for community preservation in Lexington. To that end, the Committee has reviewed existing plans and documents related to the four purposes designated for funding under the CPA: open space, historic resources, community housing and recreation. In reviewing new projects, the CPC: • Acts as a reviewing body for projects which fall within the CPA purview; • Acts as a funder, not a developer; 3