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The Community Preservation Actin Sutton – May 27, 2004
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Who We Are
• Partnership of advocates for open space, affordable housing and historic preservation
• Worked for 15 years to help pass the CPA in the state legislature
• Helping communities to understand, adopt and implement CPA.
The Community Preservation Coalition
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Open Space
Historic Preservation
Affordable Housing
Allows communities to establish a dedicated fund for:
The Community Preservation Act
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MAP
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Basics of the ActBasics of the Act
• Local adoption needed
• Establishes up to a 3% surcharge on local property taxes
• Requires 10% of monies to be spent on each of the 3 categories
• Allows flexibility for the remaining 70% in each of the 3 categories
• Establishes a Community Preservation Committee
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Exemptions to the CPAExemptions to the CPA
• First $100,000 of property value – exempts the first $100,000 of residential property value from the surcharge.
• Low-moderate income – exempts any household that earns less than 80% of area median and any senior (60+) who earns up to 100% of the median.
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Maximum Incomes for ExemptionMaximum Incomes for Exemption
One person in
household
Two people in
household
Four people in household
Seniors (residents over 60)
$48,510 $55,440
Low-income residents
$33,808 $44,352 $55,440
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What does that mean for the taxpayer?What does that mean for the taxpayer?
Median Assessed Home Value $248,000* With $100,000 exemption $100,000Net House Value Surcharged $148,000Municipal Tax Rate (per $1000) $ 12.32
_______Amount Subject to Surcharge $1823CPA Surcharge Rate 2%
_______Amount paid toward CPA Fund $36
Based on this scenario, $36 would be paid into the Community Preservation Trust Fund annually
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Sutton CPA Revenue and Surcharge Sutton CPA Revenue and Surcharge ScenariosScenarios
Surcharge Cost Amount Raised
With First $100,000 Exemption
1.0% $ 18 $ 66,653
2.0% $ 36 $ 133,306
3.0% $ 55 $ 199,959
Without First $100,000 Exemption
1.0% $ 31 $ 103,588
2.0% $ 61 $ 207,177
3.0% $ 92 $ 310,765
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Commissioner of RevenueDisburses Match
(October 15th)
State Matching FundsState Matching Funds
FY 2002$17.8 Million
Match Distribution
FY 2003$27.2 Million
Match Distribution
Fund balance is more than
$110 million
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Amending or Repealing Amending or Repealing the CPAthe CPA
• The CPA must remain in place for at least five years.
• After five years the Act can be repealed at any time using the same procedures available for passage of the Act.
• Amendments to the surcharge percentage or the authorized exemptions can be made at any time using the same procedures available for passage of the Act.
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Potential Uses of CPA FundsPotential Uses of CPA Funds
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Open SpaceOpen Space
Community Preservation funds may be used to:
1. Purchase land 2. Purchase easements or restrictions on land 3. Protect drinking water 4. Protect nature preserves 5. Restore polluted land to its natural state 6. Protect farms and farmland - APR
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Historic PreservationHistoric Preservation
Community Preservation funds may be used for acquisition, preservation, rehabilitation or restoration of a building(s) or real property that:
• has been determined by the local historic preservation commission to be significant in the history, archeology, architecture or culture of a city or town; or
• is listed or eligible for listing on the state register of historic places
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Historic PreservationHistoric Preservation
• Restoration of historic municipal properties• Adaptive reuse• Capital improvements to existing sites• Reversal of historically inappropriate alterations• Environmental mitigation• Signage• Grants to private non-profit groups, or individuals with a preservation easement
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CPA HousingCPA Housing
• Income limits for recipients ($69,300 for a family of four).
• Units can count towards 40B requirement• Protected forever• Can build new homes or convert existing• Can help people buy homes or rent them
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RecreationRecreation
Also, land can be purchased for :
1. Active and passive recreation 2. Community gardens, 3. Trails, 4. Non-commercial sports 5. Parks, playgrounds or athletic fields.
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Community PreservationCommunity Preservation Committee Committee
• Membership: (one from each)
– Conservation Commission– Historic Commission– Planning Board– Board of Park Commissioners– Housing Authority
• Bylaw or Ordinance specifies:– Method of selection
• (elected, appointed)– Length of term – Number of members (5-9)
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Community Preservation Act Funding in FY 2002-2004
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000
FY 2002 FY 2003 FY 2004
Recreation
Historic
Open Space
Housing
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CPA MilestonesCPA Milestones
• 65 Adopting Communities
• 15-20 Communities voting in 2004
• More than $110 million appropriated so far
• Nearly 550 units of housing created
• About 4,000 acres of open space protected
• More than 140 historic sites preserved
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For Further InformationFor Further Information
www.communitypreservation.org