FY 2011

ARTICLE 20: To see if the Town will vote to accept the report of the Community Preservation Committee for the FY 2011 Community Preservation Projected Receipts and act upon the recommendations of the Community Preservation

Committee and to set aside for later expenditure, certain sums of money from the Community Preservation Fund established pursuant to Chapter 44B of the Massachusetts General Laws, as follows:  Estimated Surcharge Receipts (based on Town Treasurer’s projections): $248,370.00  State Match (projected State match)…………………...……….……………….. $69,543.60

Total Projected Revenue…………………………………………………….$317,913.60

 

 

Set Aside- Open Space

$31,791.36 to be set aside, held in the Community Preservation Fund, and spent in FY2011 or later years for acquisition, creation or preservation of open space, and for the rehabilitation and/or restoration of open space acquired under the

Community Preservation Act.

 

Set Aside – Historic Preservation

$31,791.36 to be set aside, held in the Community Preservation Fund, and spent in FY2011 or later years for the acquisition, preservation, rehabilitation and restoration of historic resources.

 

Set Aside – Community Housing

$31,791.36 to be set aside, held in the Community Preservation Fund, and spent in FY2011 or later years for the creation, preservation and support of community housing, and for the rehabilitation and/or restoration of community housing

acquired under the Community Preservation Act.

 

Administrative Costs – Community Preservation Committee

$15,895.68 to defray the administrative and operating expenses of the Community Preservation Committee in FY2011 for the Community Preservation Fund (discretionary)

 

Set Aside - Discretionary

Reserved For CPF (General Unreserved Fund) $ 206,643.84

 

FY 2009 Interest/Adjustments

To accept $17,704.00 of interest/adjustments received in FY10 and to set aside 10% in each of the Historic, Open Space

and Housing Reserve Accounts and 70% to the General Reserve Account.

$ 1,770.40 Set Aside – Open Space

$ 1,770.40 Set Aside – Community Housing

$ 1,770.40 Set Aside – Historic Preservation

$ 12,392.80 – CPF (Budgeted Reserve/Discretionary)

, or take any other action relative thereto.

 

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: At Town Meeting

Advisory Committee Recommendation: Support

Summary: These set asides are an annual requirement under the Community Preservation Act.

 

ARTICLE 21: To see if the Town will vote to appropriate $70,000 of which $33,561.76 from the CPA Housing Reserve Fund and $36,438.24 from the CPA General Unreserved Fund, as requested by the Southborough Affordable Housing

Trust. Monies will be used for the purchase and/or construction of new affordable housing in accordance with the Southborough Affordable Housing Trust rules and regulations, and in compliance with the Community Preservation Act.  Said funds to be expended under the direction of the Community Preservation Committee, or take any other action thereto.

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: At Town Meeting

Advisory Committee Recommendation: Support

Summary: Funds from the CPA and from Southborough’s inclusionary zoning bylaw used in the flexible structure of the

Housing Trust Fund will allow the Town to act quickly and creatively in meeting the Town’s affordable housing needs.

 

ARTICLE 22: To see if the Town will vote to appropriate $186,277.50 of which $33,561.76 from the Open Space Reserve Fund, and $152,715.74 from the CPA General Unreserved Fund, to be applied to the Chestnut Hill Bond for the

purpose of open space. Said funds to be expended under the direction of the Community Preservation Committee; or take any other action thereto.

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: At Town Meeting

Advisory Committee Recommendation: Support

Summary: This article is the Community Preservation Fund’s portion of the annual payment of the bond funding for the preservation of Chestnut Hill Farm.

 

ARTICLE 23: To see if the Town will vote to appropriate the sum of $50,000 of which $33,561.76 will derive from the Historical Reserve Fund, and $16,438.24 from the CPA General Unreserved Fund for preconstruction costs for the creation

of the Stony Brook Museum, for the purpose of Historic Preservation, and authorize the Southborough Board of Selectmen to enter into a long term lease agreement with the Commonwealth of Massachusetts upon terms and conditions and with any sublease arrangement that they determine appropriate to the Town, for the Nichols House located at the Sudbury Reservoir #5 Dam. Said funds to be expended under the direction of the Community Preservation Committee, or take any other action thereto.

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: At Town Meeting

Advisory Committee Recommendation: At Town Meeting

Summary: Russell Horne, member of the Southborough Historical Society is requesting the funds for the preconstruction construction cost and preliminary plans for the creation of the Stony Brook Museum on the property known as the Nichols House. Once preliminary plans are created they will be used to apply for federal and state grants, for a 2.8 million dollar American History Museum. It is believed that the Commonwealth of Massachusetts will lease the property to the Town, and the Town will sublease the building for a museum.

 

ARTICLE 24: To see if the Town will vote to appropriate $42,360 from the General Unreserved Fund for the proposed completing the Southborough Triangle Park, for the purpose of recreation. Said funds to be expended under the direction of the Community Preservation Committee; or take any other action thereto.

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: At Town Meeting

Advisory Committee Recommendation: Support

Summary: Monies will be used to complete the landscaping and plantings for the Triangle Park.