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cash. Mr. Addelson advised that there is no hard policy regarding borrowing but a <br />determination is typically made upon an assessment of the project cost and the financial <br />condition of the Community Preservation Fund. Mr. Addelson concluded his <br />presentation by noting that the CPC faces no financial restraints in the current funding <br />cycle and that he does not foresee any prohibitive financial impacts moving forward. <br /> <br />2)Committee Business- The Committee briefly discussed the upcoming Needs <br /> <br />Assessment hearing, scheduled for December 22. A draft copy of the report would be <br />circulated for review as soon as possible. <br /> <br />The CPC also discussed scheduling through the rest of the calendar year. <br /> <br />After a motion duly made and seconded, the minutes from the CPC meeting held on <br />November 17, 2016 were approved as amended. The vote was 7-0. <br /> <br />After a motion duly made and seconded, the meeting was adjourned at 5:15 PM. <br /> <br />ŷĻ ŅƚƌƌƚǞźƓŭ ķƚĭǒƒĻƓƷƭ ǞĻƩĻ ƭǒĬƒźƷƷĻķ ğƷ ƷŷĻ ƒĻĻƷźƓŭʹ <br /> <br />1)CPA Fund- Projected Revenues and Expenditures <br /> <br />2)3 State Match Scenarios- Change in Net Balances Available <br /> <br />3)FY18 CPA Project List (as of 11/23/16) <br /> <br />4)Community Preservation Fund Reserve Balances <br /> <br /> <br /> <br />Respectfully submitted, <br /> <br />Elizabeth Mancini <br />Administrative Assistant <br />Community Preservation Committee <br /> <br />2 <br /> <br />