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Community Preservation Committee Annual Town Meeting 2021 Summary of Recommended Community Preservation Act Projects under Article 10 for Annual Town Meeting FY 2022 The Community Preservation Committee (CPC) received six projects for review for FY22 funding and is recommending five projects to the 2021 Annual Town Meeting for funding under Article 10. Under Article 10, one project falls within the area of Historic Resources, three under Recreational Resources and one under Administrative Expenses. The one project not recommended was deemed ineligible for CPA funding by Town Counsel. Described on pages 8 through 15, each project was reviewed and evaluated by the CPC in light of its statutory eligibility and importance to the Town; all five received Town Counsel approval. All FY22 applications were discussed in public CPC meetings and questions were addressed at the Town Meeting Members Association Information Session on March 11, 2021. The total cost of the four projects (not including the 5"' project, which will be funded with administrative funds) which the CPC is recommending to Annual Town Meeting is $585,000. The $585,000 will be funded by available balances in the Community Preservation Fund. (Please seepage 42 for details) The CPC is also recommending approval of Debt Service and Administrative Expenses to be paid from the Community Preservation Fund. There are four commitments for debt service, which include payments for the Wright Farm Acquisition, the Community Center Acquisition, the Cary Memorial Building Upgrades (continuing debt service payments) and the Highland Avenue Land Acquisition. (This last debt financing may be unnecessary, as noted on page 13.) The approved Administrative Budget, permitted by the Community Preservation Act, remains constant at $150,000. (Please seepage 14 through 1 S for details.) These Debt Service and Administrative Expenses total $3,139,550 and are detailed on pages 12 through 15. The CPC understands that as a result of COVID 19 virus, many projects that would otherwise have come before the Committee for recommendation to Town Meeting have been delayed due to the difficulties in planning and construction during the pandemic. We are confident that demand for CPA funding will resume in FY23 and look forward to reviewing new projects at that time.