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CPC Meets Again to Review Projects for Town Meeting

by Paul Saulnier
March 29, 2017

Three requests for funds from the Community Preservation Act are under review by the Community Preservation Committee.

Committee members attending the meeting were, above, Chairman Frank Chamberlain, left, Susan Woodrow, Administrative Assistant, Eva Stahl, right, Chris Bajdek, below left, and Tom Dumas, below right. The committee did not have a quorum as members Melissa Kaspern, Warren Chamberlain, Elizabeth Newlands and Michael Pelon were not in attendance.

Bryan Clancy, the only member of the Housing Trust listed on the town website attended the meeting to review the Trust's request for $250,000 for a planned project.

Since 2010, the Trust has completed the acquisition and sale of 7 affordable units in Holliston at a gross cost of $1,737,790.  The subsidized sales resulted in an income of $1,047,900 for a net cost of $690,890. Bryan told the committee that the units sold at an average price of $149,000, compared to the median cost of a 3 bedroom residence of $423,950.

The eighth project for the trust is a home on Concord Street. The request for CPA funds is $250,000 which includes $50,000 for reserve. Bryan reminded the committee that much of the requested funds will be returned when the home is sold.

Two other requests for funds were reviewed by the committee. The 8 Arch Bridge Committee is requesting $590,000 to fund the proposed work on the bridge (see http://hollistonreporter.com/article/12841/8-arch-bridge-committee-finalizes-construction-plan.html for details). Frank Chamberlain has  asked for additional information before making a recommendation to Town Meeting. The Historical Society is seeking $15,000 in funding assistance for the restoration of the balustrades and roofing of the porches on the Asa Whiting House and $25,000 for the construction of a climate controlled space in the basement of the house for the preservation of sensitive artifacts such as clothing and papers. The Society will contribute $8,000 towards the projects.

 

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