12/02/2021 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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3 Community Preservation Committee Minutes December 2, 2021 APPOINTMENTS & HEARINGS Finance Director: Update on Financials, Review of Account Balances: (continued) The total Undesignated Balance is $7,601,926.24. Funds from this balance are reserved to pay outstanding debt in the amount of $987,200 from previous Land Bank purchases, and for previously appropriated projects including Administrative & Operational costs amounting to $2,046,959.76 and outstanding purchase orders; $1,346.88. Catherine Laurent, Director of Public Works presented a memo to the Community Preservation Committee dated December 2, 2021 relative to Project Close-outs. The list of projects are deemed complete by the Director with the following open balances; Great River Boat Ramp Reconstruction Project: $116,604.53 Santuit Pond Parking Lot Construction Project: $17,767.30 Attaquin Park Playground Phase II: $31,968.32 Ockway Bay Boat Ramp Phase I and II: $3,559.10 MMHS Tennis/Basketball Court Reconstruction Project: $15,476.64 Pickleball Court Construction Project: $23,464,66 Total: $208,840.55 The return of funding was taken under advisement at this time. The CPC will take formal action to accept the close-out of the CPA projects as referenced and return funding to the respective CPC categories at the next meeting. Catherine Laurent Application: Multi -Purpose Track & Field Stadium Renovation: $1,709,400 Catherine Laurent, Director of Public Works was in attendance with Nicole Bartlett, School Committee Chair to review the proposed Multi -Purpose Track & Field Stadium Renovation project with members of the Community Preservation Committee. Ashley Lopes, Director of Finance was also present for discussion purposes. After meeting with the project architect, the proposed estimate now at the 50% design phase has been modified. However, there is no change to what is requested of the Community Preservation Committee. The total cost of the proposed project is $2,789,400. Of which $1,709,400 is proposed for CPA funding at the May Special Town Meeting. Work proposed under CPA conforms to the mandates of the Community Preservation Act. Additional work in the amount of $1,080,000 is proposed to be funded through the Capital Improvement Program (CIP).