10/17/2016 Annual Town Meeting - Laserfiche WebLink

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Motion: I move the Town will vote to transfer the sum of $25,077.73 from the Cable Access Special Revenue fund to the Cable Access Receipts Reserved fund. Motion passes unanimously at 7:12 PM. Article 7 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 FY 2017 estimated Community Preservation revenues, the following amounts: $149,723 10% for Open Space/Recreational Purposes $149,723 10% for Historic Preservation Purposes $149,723 10% for Affordable Housing Purposes $1,048,058 to the FY 2017 Community Preservation Fund Budgeted Reserve for Appropriation, as recommended by the Community Preservation Committee, or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This article is required annually to set aside the 10% Reserves of the estimated Community Preservation Funds for Open Space/Recreation Purposes, Historic Preservation Purposes and Affordable Housing Purposes as well as to fund the Budgeted Reserve for Appropriation. The Community Preservation Committee voted 7-0 to approve this article to set aside the 10% Reserves and Budgeted Reserve for Appropriation to be available for use in FY 2017, as certified by the Town Finance Director and reflected in the FY 2017 CP-1. The Board of Selectmen recommends Town Meeting approval by a vote of 5-0. The Finance Committee recommends Town Meeting approval by a vote of 6-0. Motion made by Selectman John Cahalane. Motion: I move the Town vote to appropriate and transfer, pursuant to the provisions of M.G.L. Chapter 44B, §6 to reserve from FY 2017 estimated Community Preservation revenues, the following amounts: $ 149,723 10% for Open Space/Recreational Purposes $ 149,723 10% for Historic Preservation Purposes $ 149,723 10% for Affordable Housing Purposes $1,048,058 to the FY 2017 Community Preservation Fund Budgeted Reserve for Appropriation, as recommended by the Community Preservation Committee. Motion passes unanimously at 7:14 PM. 5