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From: Chris Saccardi, Community Preservation Coalition
Date: 5/23/2003
Time: 9:23:38 AM
Remote Name: 12.172.66.113
In general, administrative expenses would have to come out of an administrative appropriation, towards which you are allowed to put up to 5% of your total CPA funds. However, some of the expenses you mention, if they are part of a specific project, could be paid out of the open space, housing, or historic pots. For example, CPA funds may be used for site surveys, environmental assessments, historic or housing consultants, architectural and engineering fees, permit processing fees, construction consultants, financing consultants, legal and accounting fees, and similar costs associated with and incidental to the development of a CPA project. Such expenditures should be made from the appropriation for the particular project and, as project costs, they do not constitute operation or administration expenses of the committee subject to the 5% limitation.