10/20/2014 Annual Town Meeting - Laserfiche WebLink

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The Board of Selectmen recommends approval by a vote of 5-0. The Finance Committee recommends approval by a vote of 5-0, 1 absent. Motion made by Selectman Wayne Taylor. Motion: I move the Town vote, pursuant to the provisions of Massachusetts General Lave, Chapter 44B, Section 6, to reserve from the FY2015 estimated Community Preservation revenues, $144,892 for Open Space/Recreational purposes, $144,892 for Historic Preservation purposes, $144,892 for Affordable Housing purposes, and $1,014,247 to the FY2015 Community Preservation Fund Budgeted Reserve. Motion passes unanimously at 7:19 PM. Article 12 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 FY2015 Community Preservation Budgeted Reserve for Appropriation, the following amounts: $371587.00 10% for Historic Preservation Purposes $371587.00 10% for Affordable Housing Purposes or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This is a clean-up article to meet the requirement of reserving funds from the supplemental CPA FY2014 trust fund distribution. After receiving additional CPA funding from the FY2014 state budget, a total of$375,871, the annual 10% appropriation is required to be set aside to the 10% Reserves. For this appropriation, it is not a requirement to set aside the 10% Reserves in the Open Space category because the amount paid in debt for open space purposes in FY2014 exceeded the additional $37,587. The Community Preservation Committee voted unanimously, 6-0 to approve the 10% Reserves to be available for use in FY2015 to be certified by the Town Accountant and reflected in the FY2015 CP-1. The Board of Selectmen recommends approval by a vote of 4-1. The Finance Committee recommends approval by a vote of 5-0, 1 absent. Motion made by Selectman Michael Richardson. Motion: I move the Town vote, pursuant to the provisions of Massachusetts General Law, Chapter 44B, Section 6, to reserve from FY2015 Community Preservation Budgeted Reserve for Appropriation, $37,587 for Historic Preservation purposes and $37,587 for Affordable Housing purposes. Motion passes 7:29 PM. 7