City of Somerville, Massachusetts - File #: 201595

• File #: 201595
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/2/2016
• In control: City Council
• On agenda: 6/3/2016
• Final action: 6/23/2016
• Enactment date: 6/7/2016
• Enactment #: 201595
• Title: Requesting to appropriate or reserve $1,924,661 in estimated FY2017 CPA revenue for CPA projects and expenses per the recommendation of the Community Preservation Committee.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/28/2016	6	BOA	Mayoral Approval
6/23/2016	5	City Council	Approved
6/7/2016	4	City Council	Referred for recommendation

  Agenda Text

title

Requesting to appropriate or reserve $1,924,661 in estimated FY2017 CPA revenue for CPA projects and expenses per the recommendation of the Community Preservation Committee.

body

Official Text

Dear Honorable Board Members:

I respectfully request that your Honorable Board approve the FY2017 Community Preservation Act (CPA) Fund budget per the Community Preservation Committee, which recommended the following appropriation and transfers of $1,924,661 in estimated FY2017 CPA revenue, with each item to be considered a separate appropriation or reservation:

1.                     Appropriate $96,233 from estimated FY2017 CPA Fund revenue for Committee Administrative Expenses.

2.                     Reserve $192,466 from estimated FY2017 CPA Fund revenue for the Open Space/Recreation Reserve.

3.                     Reserve $192,466 from estimated FY2017 CPA Fund revenue for the Historic Resources Reserve.

4.                     Reserve $192,466 from estimated FY2017 CPA Fund revenue for the Community Housing Reserve.

5.                     Reserve $1,251,030 from estimated FY2017 CPA Fund revenue for the Budgeted Reserve.

Respectfully,

Joseph A. Curtatone

Mayor