Agenda Text
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Requesting to transfer CPA funds totaling $1,875,867 from the CPA Fund Budgeted Reserve and the CPA Fund Undesignated Fund Balance to designated CPA reserves per the recommendation of the Community Preservation Committee.
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Official Text
To the Honorable Board:
I respectfully request that your Honorable Board approve the following transfers of Community Preservation Act (CPA) funds from the CPA Fund Budgeted Reserve and CPA Fund Undesignated Fund Balance to designated CPA reserves, as recommended by the Community Preservation Committee on December 3, 2015, with each item to be considered a separate transfer:
1. $339,223 from the Budgeted Reserve to the Open Space/Recreation Reserve
2. $140,971 from the Budgeted Reserve to the Historic Resources Reserve
3. $1,058,120 from the Budgeted Reserve to the Community Housing Reserve
4. $337,553 from Undesignated Fund Balance to the Community Housing Reserve
Respectfully,
Joseph A. Curtatone
Mayor