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Community Preservation Committee <br /> <br />Annual Town Meeting 2017 <br /> <br /> <br />Summary of Recommended Community Preservation Act Projects <br />under Article 10 for Annual Town Meeting <br /> <br />FY 2018 <br /> <br />The Community Preservation Committee (CPC) is recommending 11 projects to the 2017 <br />Annual Town Meeting for funding under Article 10. Three projects fall within the area of <br />Historic Preservation, three under Open Space, three under Recreation and two under <br />Community Housing. <br /> <br />Described on pages 9 through 24, each project was reviewed and evaluated by the CPC in <br />light of its statutory eligibility and importance to the Town; all 11 received Town Counsel <br />approval. All FY18 applications were discussed in public CPC meetings and were presented at <br />the Town Meeting Members Association Information Session on March 9, 2017. The total cost <br />of the 11 projects which the CPC is recommending to Annual Town Meeting is $3,989,142. <br /> <br />The CPC is also recommending approval of Debt Service and Administrative Expenses to <br />be paid from the Community Preservation Fund. There are four commitments for debt service, <br />which include payments for the Wright Farm Acquisition, the Community Center Acquisition, <br />Community Center Renovations and Cary Memorial Building Upgrades. The approved <br />Administrative Budget remains constant at $150,000. These Administrative and Debt Service <br />costs total $2,540,998 and are detailed on pages 25 through 27. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2 <br /> <br /> <br />