3/14/2006 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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Commumty Preservation Committee Minutes March 145 2006 5 OTHER BUSMSS: CPC T i-melinelPro'ected Bud et: Applications received on or before the date of April 1, 2006 will be considered by the CPC Committee for funding at the October 2006 Annual Town Meeting. It was agreed that all applicants would be interviewed to review in detail, heir project submission and related application. The Committee would then deliberate and prioritize projects for fading in Open Session. Recommendations ns for CPC funding will then be presented to the Board of Selectmen for approval and placement on the warrant. The deadline for an article to be placed on the October warrant is Monday,July 3, 2006. The sum of$1,394,791 is anticipated to be available for projects that qualify for funding. The arnount includes a one time reimbursement from the Cape Cod Co' rrm fission for Mashpee Place in the amount of$453,06+7. A minimum of 10% or approximately$139,000 is required to be spent or set aside for future spending on open space(excluding recreational Poses),historic preservation,and community housing. The remaining 0 of funds may be allocated to any one or a combination of the three main uses, including public recreational purposes. Up to % of the annual CPA ids may he spent on the operation and administration costs of the Community Preservation Committee. The sum of$25,000 approved at Town Meeting has been set aside for this purpose and would be deducted from the antici