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Community Preservation Committee <br />Article for October 2015 Town Meeting Warrant <br />Article: To see if the Town will vote to appropriate and transfer, pursuant to the provisions of <br />M.G.L., Chapter 44B, §6 to reserve from FY2016 estimated Community Preservation revenues, <br />the following amounts: <br />$143,211 <br />10% for Open space/Recreational Purposes <br />$143,211 <br />10% for Historic Preservation Purposes <br />$143,211 <br />10% for Affordable Housing Purposes <br />$1,002,479 <br />To the FY2016 Community Preservation Fund Budgeted Reserve <br />as recommended by the Community Preservation Committee, or <br />take any other action relating thereto. <br />Explanation: The annual article would set aside 10% of the estimated Community Preservation <br />Funds as required for Open Space/Recreation Purposes, Historic Preservation Purposes and <br />Affordable Housing Purposes. <br />The Community Preservation Committee voted to approve the 10% Reserves and Budgeted <br />Reserve to be available for use in fiscal year 2016 as certified by the Town Accountant and <br />reflected in the FY2016 CP -1. <br />