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Minutes of the Community Preservation Committee
Thursday, October 16, 2025
Remote Zoom Meeting
Meeting ID: 829 5048 8908
4:00 PM
Committee Members Present: Marilyn Fenollosa (Chair), Jeanne Krieger (Co-Vice Chair),
Kathryn Roy (Co-Vice Chair), Frederick DeAngelis, Paul Linton, Mark Sandeen, Melinda Walker.
Administrative Assistant: Thomas Case
Absent: Kevin Beuttell, Robert Creech.
Other Attendees: Sandhya Beebee, Liaison, Capital Expenditures Committee; Carolyn Kosnoff,
Assistant Town Manager for Finance (arrived at 4:08 PM); Vinita Verma, Liaison, Appropriation
Committee (arrive at 4:31 PM).
Ms. Fenollosa called the meeting to order at 4:03 PM.
CPA Fund Balance – Town staff, Ms. Kosnoff and Mr. Case reviewed the CPA Summary FY2027
Budget dated 10-9-25, as well as the CPA’s budgeting and accounting guidelines, with the
Committee. In FY25, Lexington’s Community Preservation Fund received approximately $730k
above projected revenue due to a higher than projected state-match and a higher than project
interest revenue. Additionally, the fund received back about $280k in account closeouts from
completed and cancelled projects. For FY26, the Town is anticipating a final state-match
number announcement around November 15. The current state-match estimate is 15%.
As of the meeting, the FY27 revenue projection is $8.67 million, which includes a 15% state-
match projection, but is subject to change as overall Town revenue projections are finalized.
Additionally, the Town anticipates its first debt payment for the 2023 ATM Article 10b Munroe
Center for the Arts project in the amount of $490k, to be paid out of the Historic Resources
fund. For the 2026 ATM, the Committee’s available funds for appropriations are approximately
$2.17 million from Open Space, $1.18 million from Historic Resources, $885k from Community
Housing, and $8.13 million from the Unbudgeted Reserves and Undesignated Fund Balance
($6.6 million assuming a $1.5 million reserve fund).
Straw vote discussion – The CPC discussed the straw vote procedure used by the Committee.
Ms. Fenollosa explained that the straw vote has been used by the Committee to serve as an
indicator to project applicants of the Committee’s overall support for a project proposal. The
straw vote is not a commitment of funding, nor should any committee member feel compelled
to make a decision at the time of the straw vote.
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Minutes – After a motion duly made and seconded, the Committee voted by a roll call vote to
approve the minutes from the Public Meeting on 9-25-2025 (6-0-1). Mr. Sandeen abstained.
Committee Business – The Committee discussed the upcoming meeting schedule and planned
for the next meeting to be on either October 23 or 30, to begin reviewing applications.
After a motion duly made and seconded, the Committee voted by a roll call vote (7-0) to
adjourn at 4:52 PM.
The following documents were used at the meeting:
1) CPA Summary FY2027 Budget dated 10-9-25
2) Draft Minutes 9-25-25
Respectfully submitted,
Thomas Case
Administrative Assistant
Community Preservation Committee
APPROVED: 10/30/2025