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banked, according to the Town's discretion. Up to five percent of the CPA funds raised annually <br />may be used for administrative activities related to the work of the CPC. <br />The Lexington CPC consists of nine members, one each appointed by the Conservation <br />Commission, Planning Board, Housing Authority, Historical Commission, Housing Partnership <br />and Recreation Committee, and three members appointed by the Board of Selectmen. <br />The CPC is required to study the "needs, possibilities and resources" for community preservation <br />in Lexington. To that end, the Committee has reviewed existing plans and documents related to <br />the four purposes designated for funding under the CPA: open space, historic resources, <br />community housing and recreation. <br />In reviewing new projects, the CPC: <br />• Acts as a reviewing body for projects which fall within the CPA purview; <br />• Acts as a funder, not a developer; <br />• Seeks to advance community goals previously set forth in public documents that have <br />received wide review and public input; <br />• Attempts to meet multiple community preservation goals in its selection of projects to <br />recommend to Town Meeting, and to the extent possible, meet multiple goals within each <br />project; and <br />• Communicates its mission and goals to applicants, to other community boards and <br />committees and to the general public. <br />After completion of its review, the CPC's recommendations are forwarded to Town Meeting for <br />final approval. <br />Purpose <br />This Needs Assessment ("the Assessment") is a summary of the CPC's work in developing <br />community preservation goals for Lexington. The CPC has attempted to synthesize all planning <br />efforts addressing the four purposes identified in the CPA. The Committee has reviewed <br />Lexington's current resources and has outlined the needs and possibilities for community <br />preservation activities which will enhance open space, recreation, historic resources and <br />community housing. The CPC has set out the guidelines it will use to evaluate project proposals <br />as well as the process it will follow during this undertaking. <br />This Assessment sets out the goals and aspirations of the CPC, now in its sixth year of <br />implementation. The purpose of the Assessment is to: <br />• Provide a clear statement of both broad and specific goals that lie behind the CPC's <br />recommendations; and <br />