Agenda Summary
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Requesting the appropriation or reserve of $7,260,181 in estimated FY 2026 Community Preservation Act (CPA) revenue for CPA projects and expenses.
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Official Text
To the Honorable City Council:
The Mayor respectfully requests that this Council approve an amended FY2026 Community Preservation Act (CPA) Fund budget, which has been revised to reflect the 3% surcharge for the full year. This supersedes Council Order 25-1078. The Community Preservation Committee has recommended the appropriation and transfer to reserves of $7,260,181 as follows:
1. Appropriate $290,407 from estimated FY2026 CPA Fund revenue for Committee Administrative Expenses.
2. Transfer $1,306,833 from estimated FY2026 CPA Fund revenue to the Open Space/Recreational Land Reserve.
3. Transfer $815,430 from estimated FT2026 CPA Fund revenue to the Historic Resources Reserve.
4. Transfer $3,398,211 from estimated FY2026 CPA Fund revenue to the Community Housing Reserve.
5. Transfer $726,018 from estimated FY2026 CPA Fund revenue to the Budgeted Reserve
6. Appropriate $594,888 from estimated FY2026 CPA Fund revenue to fund the debt service for Community Housing.
7. Appropriate $128,394 from estimated FY2026 CPA Fund revenue to fund the debt service for Historic Resources.
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