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Town of Lexington -FY 2014-FY 2018 Capital Improvement Projects <br /> I, <br /> Project Name: CPA Conservation Restriction Enforcement Funds Date: 19-Oct-12 <br /> <br /> Project ID Number: 871 Revision Date: <br /> Submitted By: Karen Mullins Department: Community Development Priority 0 <br /> First Year Submission? ril Phone#: 781-862-0500 x.227 E-mail kmullins©lexingtonma.gov <br /> Description of Project: <br /> Appropriate monies from the Community Preservation Fund to pay a nonprofit organization,in this case,Citizen's for Lexington Conservation • <br /> • <br /> (CLC) ,to hold,monitor,and enforce therequired conservation restrictions on the five parcels of conservation land acquired with Community • <br /> Preservation Fnds. <br /> • <br /> Justification/Benefit: <br /> Pursuant to the Community Preservation Act (CPA) ,any interest in real property acquired with Community Preservation Fund (CPF) monies <br /> shall be bound by a permanent conservation restriction (pursuant to Ch.184,s.31 and 33) limitingthe use of the interest to the purpose for <br /> which it was acquired. Since the town cannot hold a restriction on land it owns,the conservation restrictions on the five parcels acquired by the <br /> Conservation Commission with CPF monies must be held by another non-town entity,in this case,Citizen's Lexington Conservation. Due to the <br /> associated financial burden that accompanies holding,montioring,and enforcing a Conservation Restriction,CLC is requesting monies for this <br /> purpose. The Act,pursuant to Section 12 (a) allows monies from the Community Preservation Fund to pay a nonprofit organization created <br /> pursuant to chapter 180 to hold,monitor and enforce the restriction on the property. <br /> Impact if not completed: <br /> The town will not be able to fufill its obligations under the CPA requiring real property acquired with CPF monies to bounded by permanent <br /> conservation restrictions. <br /> Timeframe: Replace. Freg: <br /> One-time Conservation Restriction Endowment for each conservation parcel acquired to date with CPF monies. 0 Years <br /> stakeholders; <br /> Conservation Commission,Community Preservation Committees,Ciizens'For Lexignton Conservation <br /> Operating Budget Impact: <br /> N/A <br /> Cost Analysis: <br /> Funding Source: Q Levy ® CPA 0 Revolving 0 State Aid O Water 0 Sewer O Recreation O Private 0 Other <br /> • <br /> Capital Fundingnton Con • <br /> Cost <br /> • <br /> • <br /> 571 2014 2015 2016 2017 2018 Totals $0.00 <br /> Site Acquisition $25 000 J $0 $0 $0 $0 $25,000 Maintenance Cycle <br /> Design/Engineer $0 $0 $0 $0 $0 , $0 0 Years <br /> Construction Ir,,. ., $0 i $0 $0 $0 $0 $0 CPA Purpose' <br /> Equipment $0 ( $0 $0 j $0 I $0 r $0 ® Open Space <br /> Contingency $0 $0 $0 $0 $0 1 $0 0 Recreation <br /> Totals % $25,000 $0 $0 $0 $0 -1 $25,000 0 HlstonC <br /> CPA AmtReq $25;000 $0,'-" $0 $0 $0;;; Q Housing <br /> • <br /> Basis of Cost Projection: •• <br /> Citizen's For Lexington Conservation's request of$5,000/per Conservation Restriction to hold,monitor,and enforce in perpetuity. <br /> 10/22/2012 12:59:44 PM <br />