VOTE

         ‘YES’

Community

Preservation

Act

Preserve Tewksbury:

 

Past, Present and Future

The Community Preservation Act (CPA) enables Tewksbury to establish a fund for:

 

·    historic preservation,

·    low and moderate income housing,

·    open space including recreational uses

 

For the benefit of ALL!

Prepared by the Tewksbury

Community Preservation Act

Ballot Question Committee

 

How does the CPA work as a good investment for Tewksbury

and our money?

The Community Preservation Act was passed by the Massachusetts State Legislature in 2000 to create a funding source for cities and towns to preserve open space, historic sites and address affordable housing.

 

By voting yes for the CPA, Tewksbury will receive matching funds from the State gained from existing surcharges on real estate transactions at the Registry of Deeds and Land Court- our money!

 

If we don’t adopt the Act, we lose the State matching funds- our money- that will go to other towns that adopt the CPA!

 

 

 

 

Who decides how the funds are spent?

·     You do!

·   All expenditures must be approved

             at Town Meeting!

·     Recommendations will be made by a 7 member Community Preservation                      

     Committee with one member from each:                                                                                  

 

 Selectmen               Historic Commission

 Planning Board       Conservation Commission

           Housing Authority   Parks and Recreation

                     Citizen at Large

 

How are the funds spent?

The CPA fund is dedicated to the 3 uses below and is designed to maximize spending flexibility.

 

A minimum of 10% of annual funds must be allocated for each:

 

1.     historic preservation,

2.     affordable housing,

3.     open space including recreational uses

 

The remaining 70% of funds may be spent in any of the 3 categories. A community may reserve funds to be spent in later years.

 

What will it cost? Who is exempt?

2005 Annual Town Meeting voted in favor of:

The surcharge - 1.5% of annual real estate tax

Exemptions to the surcharge:

ü  first $100,000 of assessed value

ü  low or moderate income senior housing

ü  low income housing

 

Example of Annual Cost to Homeowner:

       Property assessed at $320,000* =

                                         Quarterly…..$8.57

                                 Total Annually…$34.29

      Example of an exemption:

An available exemption for a moderate income senior would apply to a couple over age 60 with a net income less than $65,000*.

 

How much money will we raise? 

  Estimated

  Revenue raised by Tewksbury*   $448,983

       Plus                                               +

  Estimated matching State fund      448,983

                     Total                    $897,966

 

Reasons for Adoption of the CPA

·  Accessing Tewksbury citizens’ contribution at the Registry of Deeds, funds that other CPA towns are benefiting from.

·  CPA's passage enhances Tewksbury’s status for other federal and state grants, such as for the Senior Center Expansion.

·  Taxpayers will gain the combination of the CPA matching funds and possible grant moneys for town projects that would otherwise cost more in tax dollars.

·  As we improve the Town through projects undertaken with CPA funds, our community will become a better place to live, work, play and do business. This benefits Residential and Commercial property owners by protecting and improving property values.

 * 1.5% surcharge and exemptions,

    Dept. of Revenue FY 04 estimates

 

 

 

Why do we need the CPA?

The character of Tewksbury is changing!

·  Houses are sprouting up on woodlands that we assumed would always be open.

·  Historic landmarks are being lost due to lack of preservation initiatives and funding.

·  Existing Athletic fields are inadequate.

·  Our rising housing costs have created a need for affordable housing for all ages.

 

How can the funds be spent?

Open Space Examples:

·  Purchase land protecting water resources such as watershed lands

·  Purchase of land or easements for Open Space purposes

·  Purchase conservation restrictions

Housing Examples:

·  Acquire property that could be used towards our

   affordable housing deficit.

·  Assist theTewksbury Housing Authority

Historic Preservation Examples:

·  Conduct necessary survey for the designation and recognition of Historic Sites in the Town

·  Restore archival documents                                  

·  Upgrade municipal historic resources such as town hall, parks, or cemeteries

Recreational Use Examples:

·  Purchase of land to create new athletic fields

·  Convert existing structures such as railroad bed to recreational trails

·  Install irrigation system at public park

·  Install new drainage at existing athletic field 

 

 

 

For more information available online, visit:

www.communitypreservation.com

 

The Community Preservation Act

 

Our Town of Tewksbury is a beautiful

community offering rural settings, wonderful neighborhoods, and metropolitan access. Over the years, our town has consistently invested to maintain and improve our community assets. These include: Police, Fire, and School Departments, Senior Center, and Public Library enhancements.

 

Unfortunately, Tewksbury’s financial resources

are stressed. High real estate prices force out

existing residents and spur development of the
few remaining open spaces. Recreational space

is at a premium, and the funds for maintaining

and developing the areas we do have are getting squeezed.

 

The Community Preservation Act, helps towns

to preserve open space, provide affordable housing, develop recreational facilities, and preserve historic resources with a dedicated fund. In return, the state provides matching money. The Town’s residents then decide how these funds are spent.

 

When the CPA passes on April 1, the

average homeowner in Tewksbury will pay

approximately $3/month. Low-income residents

and low/ moderate-income seniors may pay no

surcharge.

 

To help preserve our community, please

VOTE YES April 1st !