Town officials are drafting a bylaw setting up a community preservation fund, which was authorized by Town Meeting voters last year.
The bylaw will specify the composition and terms of a Community Preservation Act Committee, which would have sole authority to ask Town Meeting voters to spend CPA funds. Towns that adopt the CPA can add a surcharge to property tax bills to pay for open space, historic preservation and affordable housing in town.
The local money is matched by state funds. The committee will include members of local historical, housing, planning and financial groups. The town will likely be able to begin spending CPA money in the fall of 2008, said Town Administrator Charles Aspinwall.
-- Charlie Russo
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