10/19/2009 Annual Town Meeting - Laserfiche WebLink

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,t Preservation Committee to administer and oversee the program, and to review and recommend +a to the Board of Selectmen and to the voters those projects which qualify for funding under the stated (; criteria. As required by the legislation,Mashpee's participation in the CPA program was approved and adopted by 'q' the town's voters at the October, 2004 Town Meeting and at the General Election held in November 2004. The creation of the Community Preservation Committee was approved by the voters at the May t. u' 2005 Town Meeting. Selectman Wayne Taylor serves as the chair of the committee. The raising of CPA funding through the property assessment surcharge began on July 1,2005. As noted above, the CPA legislation requires that 10% of the funds raised through this Act either be 'r directly appropriated or reserved for future appropriations in each of three categories: Open Space, Historic Resources, and Affordable Housing. f; ARTICLE 6. Allocation of FY 2010 Community Preservation Funds. d' In accordance with the CPC legislation,this Article requests voter approval to appropriate and transfer the "� u+ FY 2010 estimated Community Preservation revenues, as follows: E, $133,853.63 10% for Open Space purposes $133,853.63 10%for Historic purposes $133,853.63 10% for Affordable Community Housing purposes $936,975.38 to the FY 2010 Community Preservation Fund Budgeted Reserve Total: $1,338.536.20 !, The two Articles listed below are projects being recommended by the CPC. Please note that while the Articles are listed as a group here for presentation purposes, each Article will be voted upon individually at Town Meeting. . ARTICLE 7: Preserve Town's Historical Documents (Criteria: Historic Resources) This request is to appropriate $34,875 to preserve and protect the town's historical documents dating back to the early 1800's. ARTICLE 8: Expand the Mashpee Community Garden. (Criteria: Renovation of Recreational Area) r This request is to appropriate $24,000 to double the size of the Mashpee Community Garden which was successfully created earlier this year and which has been well received by the town's people. Approval of this Article will have no effect on the property tax rate. i; THE FINANCE COMMITTEE RECOMMENDS TOWN MEETING `.r OF ARTICLES 6,7 and 8 by a vote of 6-0. i H Note to these three Articles. When Town Meeting approved participation in the Community Preservation Act in 2004,the State reimbursed municipalities 100% for all funds raised locally,i.e., if the town raised $1,000,000 from the 3% property tax surcharge, the State matched that amount, thereby providing a total of$2,000,000 for the intended uses. Mashpee has put the funds received to date to good uses, not only in terms of projects funded, but also, to pay long-term debt incurred in land purchases made under the prior enabling legislation referred to as the "Cape Cod Land ` Bank". The Finance Committee is concerned that last year the State reduced its reimbursement October 19, 2009 Town Meeting � ' n� Page 6