2013 Rpt of AC to ATM - Laserfiche WebLink

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APPROPRIATION COMMITTEE REPORT TO THE MARCH 2013 ATM on the note, $36,875, is now requested in CPA funds for FY2014. When the $2.95 million BAN comes due in 2014, it will be converted to a long-term bond with term and interest rate to be determined. Article 8(q)Administrative Budget$150,000 The Community Preservation Act permits up to 5% of an- nual CPA funds to be spent on the operating and administrative costs of the Community Preservation Committee. The Committee is allowed to use this money to pay for staff salaries, mailings,public notices, overhead, legal fees, membership dues, and other miscellaneous expenses related to CPA projects. Five percent of anticipated FY2014 revenue from the surcharge and the State supplemental match is $232,648. However, as in past years, the CPC is only requesting an appropriation of$150,000. This money will be used to fund the Committee's part-time Administrative Assistant, membership dues for the non-profit Community Preservation Coalition, administrative expenses, legal and miscellaneous expenses, and land planning, appraisals, and legal fees for open space proposed to be acquired using CPA funds. This year the administrative funds will also be used to update the Open Space and Recreation Plan for the Town. With a project cost of$30,000, the update will be used to evaluate future CPA needs in the areas of open space and recreational resources. The Committee recommends approval of all items in this request(9-0) except 8(c), 8(d), and 8(e). Article 9• Appropriate for Funds Funding Committee Recreation Capital Projects Requested Source Recommendation $261,750 Recreation EF $150,000 CPA Approve (9-0) $228,250 GF Debt See Article 8(h) $640,000 Project Description Funds Funding Committee Requested Source Recommendation 9(a)Pine Meadow Equipment $75,000 Rec. EF Approve 9-0 9(b) Lincoln Park Field Improvements $186,750 Rec. EF $150,000 CPA See Article 8(h) $228,250 GF Debt $565,000 9(a) Pine Meadow Equipment XI-22: The Recreation Committee requests $75,000 to dredge the lower irrigation pond at the Pine Meadows Golf Course which has not been done in 15 years and is creating is- sues with capacity and increased maintenance costs. 9(b)Lincoln Park Field Improvements —XI-7: This item is a duplicate of Article 8(h). We anticipate that it will be considered under Article 8 and our discussion can be found there. The Committee recommends approval of this request(9-0). 27