Thread by @FranklinMatters

Getting ready to live tweet the Community Preservation Cmte meeting #cpc0405 franklinma.gov/sites/g/files/…

Motion to approve prior meeting minutes, seconded, passes 9-0 #cpc0405

Overview of the proposed draft plan for the 'master plan' for the CPC/CPA Act. Doc in link shared earlier #cpc0405

From the proposed Fiscal Year 2023 Project Recommendations (beginning page 18)

Open Space
Maple Hill purchase #cpc0405

Historic Preservation
Red Brick School House - Lead Paint Removal, Preservation and Paint

Affordable Housing
Franklin Ridge Affordable Housing Project
#cpc0405

Budgeted Reserve

Town Clerk Vault Records Preservation
Historical Museum Cupola
Nason Street Tot Lot
#cpc0405

Another open house at Old South Meeting House, Apr 11, from 10 to noon #cpc0405 results of expression of interest due Apr 29

Note the payment table for Maple Hill is proforma and the numbers will change based upon the interest actually received when the funding is done later this year #cpc0405 as the numbers get firmed up, the sheet/projections will be updated accordingly

Discussion on the AAA rating we are trying to reach, we are at AA+ and still trying #cpc0405

Clarification on the CPA calculation; house assessed value, less $100k, times the tax rate = CPA interim value. 2% of that value is the CPA surcharge #cpc0405

Meeting adjourns, that's all for tonight, catch you next time! #cpc0405

@threadreaderapp unroll

and yes, the surcharge is applied quarterly. Went back through my quarterly bills 2x preliminary and 2x actual for FY 2022 and it calculated out each quarter. Different last 2 quarters from 1st 2 as the valuation for the period was set vs using prior assessed valuation