Requesting the appropriation or reserve of $5,863,561 in estimated FY 2026 Community Preservation Act (CPA) revenue for CPA projects and expenses.

To the Honorable City Council: The Mayor respectfully requests that this Council approve the FY2026 Community Preservation Act (CPA) Fund budget, per the Community Preservation Committee, which recommended the following appropriation and transfers of $5,863,561 in estimated FY2026 CPA revenue, with each item to be considered a separate appropriation or reservation: 1. Appropriate $234,542 from estimated FY2026 CPA Fund revenue for Committee Administrative Expenses. 2. Reserve $1,055,441 from estimated FY2026 CPA Fund revenue for the Open Space/Recreational Land Reserve 3. Reserve $762,263 from estimated FY2026 CPA Fund revenue for the Historic Resources Reserve. 4. Reserve $3,224,959 from estimated FY2026 CPA Fund revenue for the Community Housing Reserve. 5. Reserve $586,355 from estimated FY2026 CPA Fund revenue for the Budgeted Reserve. 6. Appropriate $594,888 from estimated FY2026 CPA Fund revenue to fund the debt service for Community Housing Debt services. 7. Appropriate $128,394 from estimated FY2026 CPA Fund revenue to fund the debt service for the Historic Resource. Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item. Respectfully Submitted, Katjana Ballantyne, Mayor