The Historical Society of Watertown and Invest In Watertown will host an informational event about the proposed Community Preservation Act, which residents may vote on this fall.
The event will be held Wednesday, June 1 at 7 p.m. at the Watertown Free Public Library, 123 Main St. in Watertown.
The groups sent out the following information:
The Community Preservation Act is a law that was passed in 2000 that allows the residents of a city or town to adopt a small surcharge on their real estate tax bills to create a fund that can only be used for special community investment purposes.
Funds generated by the Community Preservation Act can only be used for:
- Open Space and Outdoor Recreation – (Restoration of Walker Pond, creation of a new soccer field, improvements to the Charles River Path, dog parks, playgrounds)
- Affordable Housing – (Rehabilitation and new construction of homes that help senior citizens and young families stay in Watertown)
- Historic Preservation – (Renovation of a branch library, archiving of historic photos and documents, preservation of historic gravestones, monuments and buildings)
In Watertown the CPA would raise approximately $1.7 million each year and would be eligible for partially matching State funds.
Join us for an in-depth overview of the Community Preservation Act.
Come and see what towns around us have done with their CPA funds, and what Watertown could do with funds if we vote to adopt the CPA this November.