City of Somerville, Massachusetts - File #: 205214

• File #: 205214
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 2/15/2018
• In control: City Council
• On agenda: 2/22/2018
• Final action: 3/8/2018
• Enactment date: 2/22/2018
• Enactment #: 205214
• Title: 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.
• Code sections: Transfer of Funds -

Date	Ver.	Action By	Action	Result
3/16/2018	8	BOA	Mayoral Approval
3/8/2018	7	City Council	Approved
3/6/2018	6	Finance	Approved
2/22/2018	5	City Council	Referred for recommendation

  Agenda Text

title

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.

body

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