2017-03-27-CPC-ATM-rpt - Laserfiche WebLink

Browse Search

Community Preservation Committee Annual Town Meeting 2017 Summary of Recommended Community Preservation Act Projects under Article 10 for Annual Town Meeting FY 2018 The Community Preservation Committee (CPC) is recommending 12 projects to the 2017 Annual Town Meeting for funding under Article 10. Four projects fall within the area of Historic Preservation, three under Open Space, three under Recreation and two under Community Housing. Described on pages 9 through 24, each project was reviewed and evaluated by the CPC in light of its statutory eligibility and importance to the Town; all 12 received Town Counsel approval. All FY18 applications were discussed in public CPC meetings and were presented at the Town Meeting Members Association Information Session on March 9, 2017. The total cost of the 12 projects which the CPC is recommending to Annual Town Meeting is $4,014,142. 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, Community Center Renovations and Cary Memorial Building Upgrades. The approved Administrative Budget remains constant at $150,000. These Administrative and Debt Service costs total $2,540,998 and are detailed on pages 25 through 27. The CPC also sends its thanks and good wishes to long-time members Richard Canale (Planning Board) and Leo McSweeney (Lexington Housing Authority) and short-time member Bob Peters (Lexington Housing Authority), all of whom left the CPC in the last year. We are grateful for their knowledge, perspective and commitment to community preservation in Lexington. We also send our farewells and gratitude to Rob Addelson, former Assistant Town Manager for Finance, for his continued patience and advice, keeping the Committee on sound been well served by all of their contributions. 1