Agenda Text
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Requesting to transfer CPA funds totaling $436,069 from the CPA Undesignated Fund Balance to designated CPA Reserve Accounts.
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Official Text
To the Honorable City Council:
I respectfully request that your Honorable Board approve the following transfers of Community Preservation Act (CPA) funds totaling $436,069 from the CPA Fund Undesignated Fund Balance to designated CPA reserves, as recommended by the Community Preservation Committee on November 1, 2020, with each item to be considered a separate transfer:
1. $89,750 from the Undesignated Fund Balance to the Open Space/Recreation Reserve
2. $67,313 from the Undesignated Fund Balance to the Historic Resources Reserve
3. $224,376 from the Undesignated Fund Balance to the Community Housing Reserve
4. $54,630 from the Undesignated Fund Balance to the Budgeted Reserve
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Joseph A. Curtatone, Mayor