2020-10-13-CPC-min - Laserfiche WebLink

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Ms. Kosnoff discussed the CPF Balances spreadsheet and the CPF Projected Revenues and Debt spreadsheet. The total amount of cash to be used is $2.56 million and $1 million is to be debt financed. Allocating the expense this way would leave a minimum remaining balance of$2 million in reserves which is in line with the CPC policy. The Committee voted (6-0) by roll call vote to recommend the Land Acquisition to SMT-3 in the amount of$3,560,000, to be financed with debt and cash as presented. $3,500,000 is the agreed purchase price for the parcel of land and $60,000 for ancillary costs. Review CPC Report to 2020 Special Town Meeting-The Committee discussed the draft Report to Special Town Meeting. Ms. Federico informed the Committee that the "Available for appropriation at Special Town Meeting" amounts are no longer accurate because Ms. Kosnoff provided the Committee with a revised CPF Balance spreadsheet. The draft Report includes a map that does not have a clear legend. It was decided to add the map to the Town's website to view in addition to the Report. The Committee voted (6-0) by a roll call vote to approve the Report as amended with minor typo corrections and amended figures. After a motion duly made and seconded, it was voted by roll call (6-0) to adjourn the meeting at 4:53 PM. The following documents were used at the meeting: 1) Draft- Report to 2020-3 Special Town Meeting 2) Community Preservation Fund Balances dated 10-13-2020 3) CPA Fund- Projected Revenues and Debt Service 4) Conservation CIP- Land Acquisition 5) Conceptual Layout Map 6) Connectivity Map Respectfully submitted, Gina Federico Administrative Assistant Community Preservation Committee 2