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

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members in 2016: Charles Hornig (Planning Board Appointee) and Melinda Walker(Housing Authority Appointee). The CPC is responsible for reviewing applications for funding under the CPA and recommending to Town Meeting expenditures of CPA funds on those projects it supports each year. Committee decisions are made within the framework of a CPC planning document, Town of Lexington Community Preservation Plan:A Needs Assessment, which is updated annually after the Committee receives comments at a public hearing. This document can be found on the CPC website at the reference below. The CPC works closely with the Finance Department staff and the Capital Expenditures Committee and Appropriation Committee in tracking CPA fund balances and expenditures,projecting available funding for future years, and planning fund allocations for each of the areas eligible for CPA funding: community housing, historic resources, open space and recreation. The CPC Administrative Assistant currently tracks over 50 ongoing CPC projects, for which updates are given in this report after the FY18 Project Descriptions. Since Lexington's adoption of the Community Preservation Act in 2006, the CPC has recommended and Town Meeting has approved a total of$61,524,822 for CPA projects (exclusive of administrative expenses). These funds have supported 52 historic preservation projects,preserved 87 acres of open space, created or preserved 34 recreational facilities, and created or supported 355 units of affordable housing. Of this total, $13,507,639 or 22% of the Town's total project costs (exclusive of Administrative expenses) have been received from the State as matching funds. For further information about the CPC,please visit the CPC's page of the Town's website, http://www.lexingtonma.gov/community-preservation-committee. 4