FY16 Request for CPA Transfer Council OrderCity of Northampton
MASSACHUSETTS
In City Council, October 15, 2015
Upon the recommendation of the Community Preservation Committee
Ordered, that
The following
amounts be appropriated or reserved from fiscal year 2016 Community Preservation Fund estimated at $1,320,000 ($1,108,000 FY16 local assessment estimate + $212,000 estimated state match)
for fiscal year 2016 Community Preservation purposes:
$145,000 from FY16 Total Estimated CPA Revenue to the Community Preservation Fund Open Space Reserve (account # 2344930-359931)
$145,000
from FY16 Total Estimated CPA Revenue to the Community Preservation Fund Historic Preservation Reserve (account # 2344930-359932)
$145,000 from FY16 Total Estimated CPA Revenue to the
Community Preservation Fund Affordable Housing Reserve (account # 2344930-359933)
$60,000 from FY16 Total Estimated CPA Revenue to the Community Preservation Fund Administrative Account
(account # 2344930-359934)
$825,000 from FY16 Total Estimated CPA Revenue to the Community Preservation Fund Budgeted Reserve (account # 2344930-359930)
Also, that the following amounts
be appropriated from the Community Preservation Fund Budgeted Reserve (account #2344930-359930) for FY16 Community Preservation bonding repayment purposes:
$65,000 for principal and
$16,700 for interest for Bean Farm bond (account #3100931-393102-11)
$95,000 for principal and $40,750.00 for interest for Florence Fields bond (account #3100931-393103-12)