Agenda Text
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Requesting to transfer CPA funds totaling $1,214,322 from the CPA Fund Budgeted Reserve to designated CPA reserves per the recommendation of the Community Preservation Committee.
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Official Text
To the Honorable Board:
I respectfully request that your Honorable Board approve the following transfers of Community Preservation Act (CPA) funds totaling $1,214,322 from the CPA Fund Budgeted Reserve to designated CPA reserves, as recommended by the Community Preservation Committee on November 14, 2017, with each item to be considered a separate transfer:
1. $106,185 from the Budgeted Reserve to the Open Space/Recreation Reserve
2. $106,185 from the Budgeted Reserve to the Historic Resources Reserve
3. $1,001,953 from the Budgeted Reserve to the Community Housing Reserve
Respectfully,
Joseph A. Curtatone
Mayor