approve2025-063
Approve Orders 2025-060, 2025-063, 2025-068, and 2025-071 as presented.
2025-063 · BUDGET · 2025
An Order that pursuant to G.L. c. 44B, the Community Preservation Act, the following amounts be reserved from the FY2025 estimated annual revenues of the Community Preservation Fund: $47,224 to the Community Housing Reserve, $47,224 to the Historic Resources Reserve, and $47,224 to the Open Space and Recreation Reserve.
This ordinance reserves 10% of FY2025 estimated Community Preservation Fund revenues into three reserves (Housing, Historic Resources, Open Space) each receiving $47,224, with the remainder placed in the Unreserved Balance for future appropriations. No state matching funds are expected in the first year. Funds stay in their accounts until expended per future council action.
approved CITYWIDE
- STEP 1SubmittedMAY 27 2025
- STEP 2 · CURRENTApprovedJUN 24 2025
AI summary · plain-language
The Amesbury City Council adopts an order under the Community Preservation Act to reserve a portion of FY2025 estimated CPA revenues into three dedicated reserves (Community Housing, Historic Resources, Open Space and Recreation), each receiving $47,224, and to place the remaining revenues into the Unreserved Balance for future appropriation. This action follows the Community Preservation Committee's May 21 recommendation and notes that there is no state match in the first year. The funds will remain in their respective accounts until expended for eligible purposes upon future City Council appropriation.
Key provisions
§1 Transfers 10% of FY2025 CPA revenues to Housing, Historic Resources, and Open Space reserves; rest to Unreserved Balance.
§2 Allocates 47,224 to the Community Housing Reserve.
§3 Allocates 47,224 to the Historic Resources Reserve.
§4 Allocates 47,224 to the Open Space and Recreation Reserve.
Discussed at meetings
City CouncilCity Council Meeting
City CouncilBudget and Finance Subcommittee Meeting
other2025-063
Councilor Frederique made a motion to return 2025-063 to the City Council with a positive recommendation.
2025-0632025-063
City CouncilCity Council Meeting
refer2025-063
Refer 2025-063 CPA FY2025 reserve allocations to the Budget and Finance Subcommittee with the second hearing to be at the June 24th City Council Meeting.