20.122 An Order to Appropriate FY2021 CPA Funds for Community Preservation Purposes - CertifiedCity of Northampton
MASSACHUSETTS
In City Council, September 17, 2020
Upon the recommendation of the Community Preservation Committee
20.122 An Order to Appropriate FY2021 CPA Funds for Community Preservation Purposes
Ordered, that
The following amounts be appropriated or reserved from fiscal year 2021 Community
Preservation Fund estimated revenues $1,640,680 ($1,390,407 FY21 local assessment estimate,
plus $250,273 estimated state match) for fiscal year 2021 Community Preservation purposes:
$180,475 from FY21 Total Estimated CPA Revenue to the Community Preservation Fund Open
Space Reserve (account # 2344930-359931)
$180,475 from FY21 Total Estimated CPA Revenue to the Community Preservation Fund
Historic Preservation Reserve (account # 2344930-359932)
$180,475 from FY21 Total Estimated CPA Revenue to the Community Preservation Fund
Affordable Housing Reserve (account # 2344930-359933)
$75,000 from FY21 Total Estimated CPA Revenue to the Community Preservation Fund
Administrative Account (account # 2344930-359934)
$1,024,255 from FY21 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 FY21 Community Preservation bonding
repayment purposes:
$60,000 for principal and $7,875 for interest for Bean Farm bond (account #3100931-393102-11)
$90,000 for principal and $18,900 for interest for Florence Fields bond (account #3100931-
393103-12)
$265,000 for principal and $7,950 for interest for Pulaski Park I bond (account #3100931-393104-
15)
$65,000 for principal and $15,400 for interest for Pulaski Park II bond (account #3100931-
393105-16)