Article 47 - Community Preservation Appropriation Recommendations

ARTICLE 47. To determine whether the Town will appropriate or reserve from the Concord Community Preservation Fund annual revenues and prior year fund balance in the amounts recommended by the Community Preservation Committee for committee administrative expenses, community preservation projects and other expenses in Fiscal Year 2026, with each item to be considered a separate appropriation, in accordance with Mass. Gen. Laws c. 44B, to be expended under the direction of the Town Manager as follows; or take any other action relative thereto:

Article Explanation

This article authorizes the appropriation of funds from the Community Preservation Fund for the completion of specific projects, the Concord Municipal Affordable Housing Trust, administrative expenses and reserves as listed in the above chart and allowed under the Community Preservation Act. These appropriations will expend a total of $1,450,460 (with $783,500 for Community Housing, $267,480 for Open Space, $267,480 for Recreation, $82,000 for Historic Preservation, and $50,000 for Administration). 

The estimated total available for appropriation at 2025 Annual Town Meeting is $3,146,386. $103,928 will be placed in Historic Preservation Reserve Funds in order to meet the 10% requirement in each category, $250,000 will remain in Open Space Reserve Funds, and $1,341,998 will be placed in CPA Budgeted Reserves. Town Meeting may reduce or reject but may not increase the appropriation from the Community Preservation Fund for any item proposed by the Committee.

Article Motion

Mr. Flint moves that the Town take affirmative action on Article 47 as printed in the Warrant.