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2010-04-05-CPC-ATM-rpt
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2010-04-05-CPC-ATM-rpt
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Minutes - CPC - Community Preservation Committee
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Community Preservation Committee <br /> Annual Town Meeting 2010 <br /> The Community Preservation Committee (CPC) is pleased to recommend 21 projects to Town <br /> Meeting for its consideration and approval, as described on the following pages. Each of these <br /> projects was evaluated in light of the articulated criteria for acceptable Community Preservation <br /> Act (CPA) funding as attached to this report and vetted at a public hearing held on January 14, <br /> 2010. (There is another project still pending with the CPC=-the purchase of land off Marrett Road <br /> [Cotton Farm].A Public Hearing on that purchase is scheduled for April 8, 2010.) <br /> In addition to these twenty-one projects, the CPC recommends approval of an allocation for <br /> administrative expenses and the Busa Farm Debt Service. <br /> In FY 2009, the CPC worked to define financial policies that would help in project review and <br /> prioritization. The Committee has had financial policy discussions with the finance committees <br /> and the Board of Selectmen regarding minimum target balances for the CPA fund, and the <br /> advantages and disadvantages of cash versus bonding land acquisitions and large projects. With <br /> the help of the Assistant Town Manager of Finance, Rob Addelson, the CPC is creating a financial <br /> planning model to help the CPC budget for future projects. <br /> An important legislative initiative supported by the CPC deserves special mention this year. <br /> Throughout the year, the CPC helped to support Senate Bill 90, an Act to Sustain Community <br /> Preservation. Passage of this bill would increase the State match from its presently estimated <br /> percentage of 31% to 75%, and would expand the definition of recreation to enable existing <br /> recreational resources to receive CPA funding. Six CPC members attended the SB #90 Hearing on <br /> Beacon Hill in late September 2009, and the CPC has been actively involved in lobbying for the <br /> passage of this important legislation. This legislation has moved successfully through the <br /> Comrmttee on Community Development and Small Business and is now in the House Ways and <br /> Means Committee. <br /> Since Lexington adopted the CPA in 2006, the CPC has recommended and Town Meeting has <br /> approved about $14.5 million dollars for CPA funded projects. These funds have supported 28 <br /> historic preservation projects,preserved 33.7 acres of open space, created or preserved 7 <br /> recreational facilities, and created or supported 170 units of affordable housing. <br /> The CPC is proud to announce that since October 2007, Lexington has received over$5.5 million <br /> dollars in State matching funds. <br /> For further information about the CPC, visit the CPC's page of the Town's website, <br /> http://ci.lexinaon.ma.us/committees/epc/cfm. <br /> 1 <br />
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