Agenda Text
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Requesting the transfer of $644,489 from the CPA Fund Undesignated Fund Balance to various Reserve Accounts for certain CPA projects and expenses.
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Official Text
Dear Honorable Board Members:
I respectfully request that your Honorable Board transfer $644,489 from the CPA Fund undesignated fund balance with the following transfers as recommended by the Community Preservation Committee, with each item to be considered a separate transfer:
1. Transfer $96,674 from the CPA Fund undesignated fund balance to the Historic Resources Reserve.
2. Transfer $290,020 from the CPA Fund undesignated fund balance to the Community Housing Reserve.
3. Transfer $257,795 from the CPA Fund undesignated fund balance to the Budgeted Reserve.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Joseph A. Curtatone, Mayor