Community Preservation Committee · May 21, 2025 · 6:00 PM
Community Preservation Committee Meeting
The committee recommended that City Council establish five CPA reserve accounts (Housing, Open Space/Recreation, Historic, Administrative, Budgeted) and transfer set percentages of FY2026 estimated CPA funds (10% to three reserves, 5% to administrative, remainder to budgeted); specific dollar figures were recorded in the minutes.
occurred Agenda PDF Minutes AI Summary
Key decisions
Recommend City Council establish five CPA reserve accounts (Housing Reserve, Open Space/Recreation Reserve, Historic Reserve, Administrative Reserve, Budgeted Reserve) and transfer 10% of estimated CPA funds into each of Housing, Open Space/Recreation, and Historic Reserves, 5% into Administrative Reserve, and the remainder into the Budgeted Reserve for FY2026.
Recommend specific reserve amounts for FY2026 as read at the meeting (10% equivalents and remaining Budgeted Reserve) — minutes record a 10% figure of $56,488 and a FY2026 remainder figure of $367,000; motion passed unanimously.
Applicants must not be paid in advance; funded budgets, documentation of secondary funding, receipts and a grant contract will be required before disbursement.
Agenda
Budget
2. CPC Budget Recommendation to City Council for FY25 and FY26 budgets
Presentation by Marisa Batista, Amesbury Chief Financial Officer, and discussion of the CPC budget recommendation to City Council for FY25 and FY26.