FY 2012

ARTICLE 25: To see if the Town will vote to accept the report of the Community Preservation Committee for the FY2012 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 General Laws, as follows:

 

Estimated Surcharge Receipts (based on Town Treasurers projections) .....$252.499.04

State Match (projected State match) .......................................................... $ 71.282. 19

Total Projected Revenue………………………………………………………………………….. $323,781.23

 

Set Aside – Open Space

 

$32,378.12 to be set aside, held in the Community Preservation Fund. and spent in FY2012 or later years for the acquisition, 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

 

$32,378.12 to be set aside, held in the Community Preservation Fund, and spent in FY2012 or later years for the acquisition, preservation, rehabilitation and restoration of historic resources.

 

Set Aside – Community Housing

 

$32,378.12 to be set aside, held in the Community Preservation Fund, and spent in FY2012 or later years for the creation, preservation and support of community housing, and for the rehabilitation and/or restoration of community housing required under the Community Preservation Act.

 

Administrative Costs – Community Preservation Committee

 

$16,189.06 to defray the administrative and operating expenses of the Community Preservation Committee in FY2012 for the Community Preservation Fund (discretionary).

 

SetAside – Budgeted Reserv/Discretionary

 

Reserved for FY12       CPF (Budgeted Reserve/Discrestionary)        $240,803.46

 

FY 2010 Interest/Adjustments

 

To accept $38,985.00 of interest/adjustments received in FY2010 and to set aside 10% in each of the Historic, Open Space, and Housing Reserve Accounts and 70% to the Budgeted Reserve/Discretionary.

 

$  3,898.50 Set Aside – Open Space

$  3,898.50 Set Aside – Community Housing

$  3,898.50 Set Aside – Historic Presevation

$ 27,289.50 – CPF (Budgeted Reserve/Discretionary)

 

, or do or act anything in relation thereto.

 

ARTICLE 26: To see if the Town will vote to appropriate $36,276.62 from the CPA Housing Reserve 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 do or act anything in relation thereto.

 

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: Support

Advisory Committee Recommendation: At Town Meeting

 

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 27: To see if the Town will vote to appropriate $189,374.28 ($36,276.62 from the Open Space Reserve Fund, and $153,097.66 from the CPA General Unreserved/Fund Balance), 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 do or act anything in relation thereto.

 

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: Support

Advisory Committee Recommendation: At Town Meeting

 

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 28: To see if the Town will vote to appropriate $21,000 from the Historical Reserve fund, for a Historic Residential Village designation, for the purpose of Historic Preservation. Said funds to be expended under the direction of the Community Preservation Committee, or do or act anything in relation thereto.

 

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: Not Support

Advisory Committee Recommendation: At Town Meeting

 

Summary: Monies will be used to fund a Preservation Consultant to research and prepare a National Register Historic District nomination and to coordinate between town officials, committees and resident groups with the Massachusetts Historic Commission.

 

ARTICLE 29: To see if the Town will vote to appropriate $4,000 from the General Unreserved/Fund Balance for the purpose of creating a sand volleyball court at Neary School, for the purpose of recreation. Said funds to be expended under the direction of the Community Preservation Committee; or do or act anything in relation thereto.

 

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: Support

Advisory Committee Recommendation: At Town Meeting

 

Summary: Monies will be used to create a sand volleyball court at Neary School

 

ARTICLE 30: To see if the Town will vote to appropriate $133,000 from the General Unreserved/Fund Balance for the purpose of creating Splash Pad & Playground adjacent to the South Union School (the Recreation Department), for the purpose of recreation. Said funds to be expended under the direction of the Community Preservation Committee; or do or act anything in relation thereto.

 

Proposed by: COMMUNITY PRESERVATION COMMITTEE

Board of Selectmen Recommendation: Not Support

Advisory Committee Recommendation: At Town Meeting

 

Summary: Monies will be used to create a Splash Pad & Playground adjacent to the Recreation Department.