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Community Preservation Committee Annual Town Meeting 2016 Summary of Recommended Community Preservation Act Projects under Article 8 for Annual Town Meeting FY 2017 The Community Preservation Committee (CPC) is recommending 15 projects to the 2016 Annual Town Meeting for funding under Article 8. Four projects fall within the area of Historic Preservation, two under Open Space, seven under Recreation and two under Community Housing. Described on pages 9 through 27 2016 Annual Town Meeting, each project was reviewed and evaluated by the CPC in light of its statutory eligibility and importance to the Town; all 15 received Town Counsel approval. All FY17 applications were discussed in public CPC meetings and were presented at the Town Meeting Members Association Information Session on March 16, 2016. The total cost of the 15 projects which the CPC is recommending to Annual Town Meeting is $1,297,368. The CPC is also recommending approval of Debt Service and Administrative Expenses to be paid from the Community Preservation Fund (CPF). There are four commitments for debt service, which include payments for the Wright Farm Acquisition, Community Center Acquisition, Cary Memorial Building Upgrades and Community Center Renovations. The approved Administrative Budget remains constant at $150,000. These Debt Service and Administrative costs total $3,439,721 and are detailed on pages 28 through 30 Report to 2016 Annual Town Meeting. 2