City of Somerville header
File #: 25-0051    Version: 1
Type: Mayor's Request Status: Referred for Recommendation
File created: 1/6/2025 In control: Finance Committee
On agenda: 1/23/2025 Final action:
Enactment date: Enactment #:
Title: Requesting the transfer of $346,492 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Community Housing Reserve.
Code sections: Transfer of Funds -
Attachments: 1. CPC Funding Rec Affordable Housing Trust, 2. CPA Fall Report FY25

Agenda Summary

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Requesting the transfer of $346,492 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Community Housing Reserve.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $346,492 from the Community Preservation Act Undesignated Fund Balance to the CPA Community Housing Reserve as recommended by the Community Preservation Committee.

 

Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item.

 

Respectfully Submitted,

Katjana Ballantyne, Mayor