What is a Grant Agreement?

For each project expected to receive a positive CPC recommendation, the CPC works with Town Counsel and the applicant to create a Grant Agreement which establishes the clear parameters of the appropriation including allowed use(s), the term for which the funds are available (including possible claw-back dates at which time any unspent funds must be returned to the fund from which they were appropriated), reporting requirements, public notice including signage as appropriate that the project is funded in whole or in part through the CPA, and any other requirements or restrictions.

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1. What is the Community Preservation Act?
2. How is the CPA administered in Carlisle?
3. How does one apply for CPA funding?
4. How does the CPC decide whether to recommend a project for funding?
5. What is a Grant Agreement?