Requesting the appropriation or reserve of $8,367,344 in estimated Fiscal Year 2027 Community Preservation Act (CPA) revenue for CPA projects and expenses.

To the Honorable City Council: The Mayor respectfully requests that this Council approve the FY2027 Community Preservation Act (CPA) Fund budget, per the Community Preservation Committee, which recommended the following appropriation and transfers of $8,367,344 in estimated FY2027 CPA revenue, with each item to be considered a separate appropriation or reservation: 1. Appropriate $334,694 from estimated FY2027 CPA Fund revenue for Committee Administrative Expenses. 2. Reserve $1,506,122 from estimated FY2027 CPA Fund revenue for the Open Space/Recreational Land Reserve 3. Reserve $935,265 from estimated FY2027 CPA Fund revenue for the Historic Resources Reserve. 4. Reserve $3,642,480 from estimated FY2027 CPA Fund revenue for the Community Housing Reserve. 5. Reserve $1,045,918 from estimated FY2027 CPA Fund revenue for the Budgeted Reserve. 6. Appropriate $750,375 from estimated FY2027 CPA Fund revenue to fund the debt service for Community Housing Debt services. 7. Appropriate $152,490 from estimated FY2027 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, Jake Wilson, Mayor