2020-03-00-CPC-ATM-rpt - Laserfiche WebLink

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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 and Appropriation Committees 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. The CPC Administrative Assistant currently tracks over 50 ongoing CPC projects, for which updates are given in this report after the FY21 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 $74,507,482 for 181 CPA projects (exclusive of administrative expenses). These funds have supported 90 historic preservation projects affecting 31 municipal and other public historic resources; acquired or preserved 64 acres of open space; created or preserved 50 recreational facilities; and funded or contributed to the acquisition or creation of 41 units of affordable and low-income housing, and supported multiple preservation projects at Greeley and Vynebrooke Villages, which have in total 152 low-income housing units. Of this total, $16,439,750 or 22.06% of the Town's total project costs (exclusive of administrative expenses) has been received from the State as matching funds. For further information about the CPC, visit the CPC's page of the Town's website, httl2://www.lexin tog nma.gov/communitypreservation-committee. F.