2021-11-18-CPC-min - Laserfiche WebLink

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Mr. Hornig stated that some of the items listed in the application are items that LexHAB left out of their application because the affordable units were not purchased with CPA funds. Ms. Fenollosa stated that Town Counsel will have to review the application before final votes. Mr. Hornig stated that there is an equity issue because LexHAB received pushback for similar requests. Mr. Pressman identified items in the LHA application that could potentially be CPA eligible. Ms. Foley stated that she would revise the application to identify and itemize CPA eligible items. Ms. Walker stated that ModPHASE helps seniors stay in place and that this is a unique way to look at the elderly in a public setting. Mr. Langseth stated that he would feel more comfortable voting on an itemized list instead of a number to fill the gap and does not remember the project coming before the Conservation Commission. Ms. Fenollosa stated that the Committee supports the project but there needs to be a better breakdown of CPA eligible expenses. Ms. Foley will submit a revised application before the December 91" CPC meeting. Mr. Pato left the meeting at 5:54 PM. Ms. Foley and Mr. Kanter left the meeting at 5:55 PM. Debt Service/CPA Finance Ms. Kosnoff presented two Excel spreadsheets to the Committee detailing CPA funds, projected revenues, and debt service (CPA-Funds Projected Revenues and Debt Service) and (Community Preservation Fund Balance). The first spreadsheet Ms. Kosnoff presented was the Community Preservation Fund Balance and stated that $8.1 million is the projected revenue for FY23 including a state match calculated at 38%. The total amount of debt projected to be paid in FY23 is $1,866,600. Preliminary estimates suggest that the Community Preservation Fund balance will be $7,818,752 after debt service and funding all FY23 project requests not including 116 Vine Street Construction costs, which are yet to be determined. Ms. Kosnoff left at 6:10 PM. 2021 Needs Assessment Report-The Committee discussed the yearly Needs Assessment Report and Ms. Federico reminded the Committee that a public hearing is scheduled for 12-16- 21 at 7:OOPM. LexHAB Guidelines-The Committee did not discuss this agenda item. Minutes-After a motion duly made and seconded, the Committee voted by a roll call vote to approve the minutes from the Public Meeting on 10-28-2021 and 11-4-21 (7-0). Committee Business- Ms. Federico informed the Committee that she has been promoted within the Finance Department and that her start date is 11-29-21 but she will continue to support the Committee until the end of 2021. 4