2022-03-28-CPC-ATM-STM-rptrev - Laserfiche WebLink

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Community Preservation Committee 2022 Annual Town Meeting Summary of Recommended Community Preservation Act Projects under Article 10 for Annual Town Meeting Fiscal Year 2023 The Community Preservation Committee (CPC) received thirteen projects for review for fiscal year 2023 (FY23)funding and is recommending eleven projects to the 2022 Annual Town Meeting for funding under Article 10. Under Article 10, two projects fall within the area of Historic Resources, one under Open Space, six under Recreational Resources, and two under Community Housing. The two projects not recommended were withdrawn by the project proponents. Described on pages 8 through 22, each project was reviewed and evaluated by the CPC in light of its statutory eligibility and importance to the Town; all eleven received Town Counsel approval. All FY23 applications were discussed in public CPC meetings. The total cost of the eleven projects which the CPC is recommending to Annual Town Meeting is $5,787,556. The $5,787,556 will be funded by available balances in the Community Preservation Fund. (Please see pages 52 through 54 for details.) The CPC is also recommending approval of Debt Service and Administrative Expenses to be paid from the Community Preservation Fund. There are four commitments for debt service, which include payments for the Wright Farm Acquisition, the Community Center Acquisition, the Cary Memorial Building Upgrades and the Community Center Renovation (continuing debt service payments). The approved Administrative Budget,permitted by the Community Preservation Act, remains constant at$150,000. These Debt Service and Administrative Expenses total $2,085,635 and are detailed on pages 24 through 26. Change in CPC Support The CPC said goodbye to its extraordinary administrative assistant, Gina Federico, in December, 2021, upon her promotion to Lexington's new Payroll Finance Assistant. The Committee is grateful for Gina's commitment and patience, her organizational and analytical skills and her unceasing good humor. The CPC congratulates Gina and wishes her all best success in this important Town position. We will miss her. 1