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• Demonstrate practicality and feasibility, and demonstrate that they can be <br /> implemented expeditiously and within budget; <br /> • Produce an advantageous cost/benefit value; <br /> • Leverage additional public and/or private funds; <br /> • Preserve or use currently owned Town assets; <br /> • Receive endorsement by other municipal boards, committees or departments; and <br /> • Provide long-term contribution and/or enhancement to the Town. <br /> Process <br /> The Town Manager, Town boards, committees and departments, civic organizations and <br /> residents may bring proposals for funding to the CPC. Such proposals must be submitted by <br /> November 1 each year using the application form prescribed by the CPC, in order to be <br /> considered for funding at the next Annual Town Meeting. (See "Further Information"below.) <br /> Except in exigent circumstances, the CPC does not review and submit proposals to Special Town <br /> Meetings. In cases where proposals are contingent upon Town budget processes, or upon receipt <br /> of professional estimates, appraisals and the like, and cannot be completed by November 1, <br /> initial proposals must be submitted by November 1, and completed proposals must be submitted <br /> no later than January 15 of the following year. Proposals submitted after January 15 will not be <br /> reviewed and submitted by the CPC to the Annual Town Meeting, but may, after review and <br /> with the agreement of the applicant, be submitted to a subsequent Town Meeting. <br /> Under the CPA statute, the CPC does not have the power to appropriate funds for particular <br /> projects, only to make recommendations to Town Meeting. While the power to appropriate CPA <br /> funds is reserved solely for Town Meeting, it may act only upon the recommendations of the <br /> CPC. Town Meeting may choose to deny or reduce funding for a project recommended by the <br /> CPC, but it may not increase a recommended appropriation. Town Meeting also may not <br /> appropriate CPA funds for any project that is not recommended by the CPC. <br /> The CPC seeks a Town-wide and long-term perspective. The Committee expects to recommend <br /> projects that will have a significant long-term benefit to the Town. It may choose to recommend <br /> to Town Meeting that some or all of CPA funds be "banked" or reserved for significant projects <br /> and opportunities in the future. It may also recommend bonding of significant acquisitions and <br /> projects in order to benefit the public good. The CPC strives to provide Town Meeting with a <br /> strong and consistent rationale for its recommendations and to create an effective joint process <br /> through which departments, organizations and citizens may gain access to CPA funds for <br /> projects that will enhance the Town. <br /> Further Information <br /> This document, and a wide range of community preservation information, including the <br /> Application for Community Preservation Funding, is available on the Town's web site at <br /> http://www.lexin tog nma.gov/community-preservation-committee. <br /> 6 <br />