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Ms. Kosnoff discussed the indefinite postponement of article 14 (f) and as a result the extra $875,000 of unspent funds. The Committee discussed if the extra money should be applied to the Center Track and Field debt per Mr. Kanter's recommendation or banked for future use. The CPC decided to leave the money in the Community Preservation Fund (CPF) for future use because of an anticipated major land acquisition in the near future. Mr. Kanter stated that he is concerned with the CPC becoming a bank. Ms. Fenollosa responded that it was never the Committee intention to maintain a nearly$4 million fund balance. Ms. Fenollosa asked the Committee if anybody wanted to bring forth a motion to apply the money to the Center Track and Field debt. A motion was never brought forth. Discuss FY20 DOR DLS first round state match estimates- Ms. Fenollosa discussed the recent bulletin from the Department of Revenue preliminary estimating the first round CPA state match at 11.57%. Over multiple CPC meetings Ms. Kosnoff has provided the CPC with financial figures reflecting a state match estimate of 15%. Ms. Fenollosa asked the Committee if the figures in the report should be amended to reflect the new estimate of 11.57% or keep the original estimate of 15%. Ms. Kosnoff stated that both Town Manager Jim Malloy and she are comfortable leaving the estimate at 15%. The Committee decided to amend the figures in the report to reflect the DOR estimate of 11.57%for the sake of accuracy. Ms. Kosnoff will update the Community Preservation Fund Balance spreadsheet to reflect a state match estimate of 11.5%. Committee Business- Ms. Fenollosa informed the Committee that article 14 (b) has been slightly modified because a long time resident did not feel as if the proposed project reflected the scope of the work. Mr. Kanter noted that the report to ATM stated if legislation passed CPA communities would receive over a 45%first round state match. Mr. Kanter stated that the number is 40%and Ms. Basch confirmed. Ms. Fenollosa responded that the Community Preservation Coalition website states 45% and she will look into it further. Minutes-After a motion duly made and seconded, the Committee voted in a roll call vote (7-0) to approve the minutes from 2-14-19. After a motion duly made and seconded, the CPC voted in a roll call vote (7-0) to approve the report as amended allowing for small adjustments if necessary, nothing substantive. After a motion duly made and seconded, the Committee voted in a roll call vote (7-0) to adjourn at 5:04 PM The following documents were used at the meeting: 1) Recreation Memo dated 3-5-19 2) Revised Article 14 (b) Willard's Woods 3) Minutes from 2-14-19 2