09/14/2023 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

Home Browse Search

9 Community Preservation Committee Minutes September 14,2023 APPOINTMENTS &HEARINGS Public Hearing—Informational Meeting on the Needs Possibilities and Resources of the Town of Mash pee as they relate to Historic Preservation Recreation Affordable Housing and Open Space for the funding of projects at the May 2024 Town Meeting: (continued) In closing it was noted the CPC has a new and improved application. For an application to proceed,there are additional forms required to be completed. Signage is required to acknowledge CPC funded projects to inform the public on how their tax dollars are being used. Applications to be considered for funding at the May 2024 Town Meeting are due on November 1, 2023. Motion made by Ms.Waygan to close the Public Hearing. Motion seconded by Mr. Hyde. VOTE: Unanimous. 7-0. Roll Call Vote: Ms. Russell, yes Mr. Hyde, yes Ms. Waygan, yes Ms.Barbee, yes Mr. Klein,yes Ms.Wyman-Colombo,yes Ms. Godfrey,yes Opposed,none NEW BUSINESS Financial Report Review of Project Balances: The Community Preservation Committee conducted a review of available funds for use at the May 2024 Special Town Meeting. At the October 2023 Town Meeting, an article is presented on the warrant(estimated match is 20%)to fund the annual Budget for Appropriation Reserve; $855,615 and to the 10%Reserves; $127,946 to be set aside in the 10% Open Space/Recreation Reserve, $127,946 to the 10% Historic Purposes Reserve and$127,946 in the 10%Affordable Housing Reserve. With the appropriation of these funds and expenditure for the Ancient Burying Grounds Restoration project; $73,640 subtracted from the 10%Historic Purposes Reserve the reserves balances are projected as follows; Budget for Appropriation 10%Open Space/Recreation 10%Historic 10%Affordable Housing $855,615 $201,216 $783,389 $250,110