23.381 An Order to Appropriate FY2024 CPA Funds for Community Preservation Purposes_Certified.pdfCity of Northampton
MASSACHUSETTS
In City Council, September 21, 2023
Upon the recommendation of the Community Preservation Committee
23.381 An Order to Appropriate FY2024 CPA Funds for Community Preservation Purposes
Ordered, that
The following amounts be appropriated or reserved from fiscal year 2024 Community
Preservation Fund estimated revenues $2,112,547 ($1,717,518 FY24 local assessment estimate,
plus $395,029 estimated state match) for fiscal year 2024 Community Preservation purposes:
$232,380 from FY24 Total Estimated CPA Revenue to the Community Preservation Fund Open
Space Reserve (account # 2344930-359931)
$232,380 from FY24 Total Estimated CPA Revenue to the Community Preservation Fund
Historic Preservation Reserve (account # 2344930-359932)
$232,380 from FY24 Total Estimated CPA Revenue to the Community Preservation Fund
Affordable Housing Reserve (account # 2344930-359933)
$75,000 from FY22 Total Estimated CPA Revenue to the Community Preservation Fund
Administrative Account (account # 2344930-359934)
$1,340,407 from FY24 Total Estimated CPA Revenue to the Community Preservation Fund
Budgeted Reserve (account # 2344930-359930)
Also, the following amounts be appropriated from the Community Preservation Fund
Budgeted Reserve (account #2344930-359930) for FY24 Community Preservation bonding
repayment purposes:
$57,000 for principal and $6,036 for interest for Bean Farm bond (account #3100931-393102-11)
$90,000 for principal and $10,800 for interest for Florence Fields bond (account #3100931-
393103-12)
$60,000 for principal and $7,800 for interest for Pulaski Park II bond (account #3100931-393105-
16)