City of Somerville, Massachusetts - File #: 199377

• File #: 199377
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/2/2015
• In control: City Council
• On agenda: 6/4/2015
• Final action: 6/25/2015
• Enactment date: 6/4/2015
• Enactment #: 199377
• Title: Requesting to appropriate or reserve $1,890,020 in estimated FY2016 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
7/13/2015	6	BOA	Mayoral Approval
6/25/2015	5	City Council	Approved
6/4/2015	4	City Council	Referred for recommendation

  Agenda Text

title

Requesting to appropriate or reserve $1,890,020 in estimated FY2016 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 FY2016 Community Preservation Act (CPA) Fund budget per the Community Preservation Committee, which recommended the following appropriation and transfers of $1,890,020 in estimated FY2016 CPA revenue, with each item to be considered a separate appropriation or reservation:

1.                     Appropriate $94,501 from estimated FY2016 CPA Fund revenue for Committee Administrative Expenses.

2.                     Reserve $189,002 from estimated FY2016 CPA Fund revenue for the Open Space/Recreation Reserve.

3.                     Reserve $189,002 from estimated FY2016 CPA Fund revenue for the Historic Resources Reserve.

4.                     Reserve $189,002 from estimated FY2016 CPA Fund revenue for the Community Housing Reserve.

5.                     Reserve $1,228,513 from estimated FY2016 CPA Fund revenue for the Budgeted Reserve.

Respectfully,

Joseph A. Curtatone

Mayor