FINANCE_2003_0096

Name

FINANCE_2003_0096

Date

9/15/2003

Category

Finance

Keywords

Transmitting communication from Robert W. Healy, City Manager, requesting that the City Council formally appropriate and/or reserve the CPA funds as follows: IA. 80% of FY2004 CPA revenues ($3,840,000) allocated to affordable Housing and appropriated to the Cambridge Affordable Housing Trust. IB. 10% of FY2004 CPA revenues ($480,000) allocated to Historic Preservation. IC. 10% of FY2004 CPA revenues ($480,000) allocated to Open Space. IIA. 80% of FY2004 State Match revenues ($3,840.000) allocated to Affordable Housing and appropriated to the Cambridge Affordable Housing Trust. IIB. 10% of FY2004 CPA revenues ($480,000) allocated to Historic Preservation. IIC. 10% of FY2004 CPA revenues ($480,000) allocated to the Reserve for Open Space. IIIA. 80% of the Fund Balance ($800,000) allocated to Affordable Housing and appropriated to the Affordable Housing Trust. IIIB. 10% of the Fund Balance ($100,000) allocated to Historic Preservation. IIIC. 10% of the Fund Balance ($100,000) allocated to the Reserve for Open Space. IVA. Appropriate $810,000 from the Historic Preservation Reserve to the Capital Budget.

Year

2 003