TR-2014-25 CPA RESERVATION OF FUNDS r --
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MAYORAL ACTION
Received this 24h day of June , 2014 from Council Clerk.
Signed by Council President this 23' day of June 12014,
APPROVAL OF LEGISLATION
By the powers vested in me pursuant to Article 3, Section 3-6 of the Agawam Charter, as
amended, I hereby approve the passage of the above legislation on this 24`h day of
June, 2014.
Richard A. Cohen, Mayor
DISAPPROVAL OF LEGISLATION
By the powers vested in me pursuant to Article 3, Section 3-6 of the Agawam Charter, as
amended, I hereby veto the passage of the above legislation on this day of
2014 for the following reason(s):
Richard A. Cohen, Mayor
RETURN OF LEGISLATION TO COUNCIL CLERK
Returned to Council Clerk this 24t' day of June , 2014,
TR-20I 4-25
A RESOLUTION AUTHORIZING THE RESERVATION AND APPROPRIATION OF
FUNDS FROM THE COMMUNITY PRESERVATION FUND
WHEREAS, the voters of Agawam chose to form a Community Preservation
Committee, and
WHEREAS, one of the Community Preservation Committee's requirements is that it
reserves funds for specific uses under the Community Preservation Act;
WHEREAS, the Community Preservation Committee's has recommended that
$54,388.27 should be reserved for Open Space from the Community Preservation Fund estimated
annual fund revenue for fiscal year 2015
WHEREAS, the Community Preservation Committee's has recommended that
$54,388.27 should be reserved for Historic Resources from the Community Preservation Fund
estimated annual fund revenue for fiscal year 2015
WHEREAS, the Community Preservation Committee's has recommended that
$54,388.27 should be reserved for Community Housing from the Community Preservation Fund
estimated annual fund revenue for fiscal year 2015
WHEREAS, the Community Preservation Committee's has recommended that
$27,194.13 should be appropriated for Administrative Expenses from the Community
Preservation Fund estimated annual fund revenue for fiscal year 2015
WHEREAS, the Community Preservation Committee's has recommended that
$353,523.75 should be reserved for Budgeted Reserve from the Community Preservation Fund
estimated annual fund revenue for fiscal year 2015
NOW THEREFORE, BE IT RESOLVED BY THE AGAWAM CITY COUNCIL
that funds from the Community Preservation Fund estimated annual fund revenue For Fiscal
Year 2015 shall be reserved as follows: o
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$54,388.27 reserved for Open Space; : C {=
$54,388.27 reserved for Historic Resources; n
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$54,388.27 reserved for Community Housing;
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a $27,194.13 for Administrative Expenses Y
°$353,523.75 for Budgeted Reserve
PER ORDER OF THE AGAWAM CITY COUNCIL
Christopher C. Johnson, City Council President
APPROVED AS T ORM AND LEGALITY
Vince Gioscia, City Solicitor
CERTIFIED AS TO FUNDS AVAILABLITY
Cheryl St. Wn, Auditor