09/01/2015 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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Community Preservation Committee Minutes September 1, 2015 Approval and Ratification. of Invpice(s) for Pa went: (continued) Motion made by Mr. Larkin to approve and ratify the referenced invoices for payment. Motion seconded by Ms. Waygan. VOTE: Unanimous. 74. Roll Call Vote: Mr. Halpern, yes Mr. Kaplan, yes Mrs. Buschenfeldt, yes Mr. Larkin, yes Mr. Lard, yes Ms. Waygan, yes Mrs. Sherman, yes Opposed, none Approval & Ratifi ation of Octobe 2015 Town Meeting Warrant Article to set Mide FYI Annual Reserves and Budgeted Reserve for A ra riation: Mr. Larkin read aloud the following article into the record; Article: To see if the Town will vote to appropriate and transfer, pursuant to the provisions of M.G.L., Chapter 44B, §6 to reserve from FY2016 estimated Community Preservation revenues, the following amounts: $143,211 10% for Open space/Recreational Purposes $143,211 10% for Historic Preservation Purposes $143,211 10% for Affordable Housing Purposes $1,002,479 To the FY2016 Community Preservation Fund Budgeted Reserve as recommended by the Community Preservation Committee, or take any other action relating thereto. Explanation: The annual article would set aside 10% of the estimated Community Preservation Funds as required for Open Space/Recreation Purposes, Historic Preservation Purposes and Affordable Housing Purposes, The Community Preservation Committee voted 7-0 to approve the 10% Reserves and Budgeted Reserve to be available for use in fiscal year 2016 as certified by the Town Accountant and reflected in the FY2016 CP -1. Motion made by Mr. Larkin to approve and ratify the above referenced article for the October 19, 2015 Town Meeting Warrant. Motion seconded by Mrs. Buschenfeldt. VOTE: Unanimous. 7-0. Roll Call Vote: Mr. Halpern, yes Mr. Kaplan, yes Mrs. Buschenfeldt, yes Mr. Larkin, yes Mr. Lord, yes Ms. Waygan, yes Mrs. Sherman, yes Opposed, none