Agenda Text
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Requesting to appropriate CPA funds totaling $416,694.15 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 appropriate the following Community Preservation Act (CPA) funds totaling $416,694.15 from the CPA Fund Undesignated Fund Balance to designated CPA reserves, as recommended by the Community Preservation Committee on November 17, 2021, with each item to be considered a separate appropriation.:
1. $83,338.43 from the Undesignated Fund Balance to the Open Space/Recreation Reserve
2. $62,504.57 from the Undesignated Fund Balance to the Historic Resources Reserve
3. $208,347.58 from the Undesignated Fund Balance to the Community Housing Reserve
4. $62,503.47 from the Undesignated Fund Balance to the Budgeted Reserve
Details of this request are available in the attached presentation from the CPC meeting held on November 17, 2021.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Katjana Ballantyne, Mayor