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Forbes Library Resolution to Mayor April 3, 2008 Upon the recommendation of Mayor Clare Higgins and the Community Preservation Committee. BE IT ORDERED WHEREAS, Forbes Library was constructed in the early 1890s and constitutes a central and unique landmark of the city. WHEREAS, The building serves a broad public purpose, as a library, as a repository of historic documents, and as a center for community activities. WHEREAS, Support of this project meets the goals of both the Sustainable Northampton Plan and the Community Preservation Committee. WHEREAS, On March 19, 2008, the Northampton Community Preservation Committee voted to recommend $1,000,000 in Community Preservation Act funds be used to support this project. NOW, THEREFORE BE IT ORDERED, That $1,000,000 is appropriated from Community Preservation Act funding to the Forbes Library for the historic restoration and preservation of the Library. And, that the grantee meets the conditions substantially approved by the Community Preservation Committee, the Mayor, and City Council. Specifically, the Community Preservation Committee requests that the City Treasurer, with approval of the Mayor, is authorized to borrow $1,000,000, over four years, under M.G.L. c. 44, § 7, (3A) or any other enabling authority, and the debt repayment is appropriated from the CPA Budgeted Reserve (account #2344930-359930).