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CPC agrees to cover Rolleys Farm debt service from open-space allocation
3338179 · May 16, 2025
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Summary
The committee authorized using its open-space allocation to cover $87,462.08 in principal and interest payments for debt issued to acquire Rolleys Farm, a Pawtucketville open-space acquisition financed by borrowing against future CPA receipts.
The Lowell City Community Preservation Committee voted to allocate $87,462.08 for the fiscal year to cover the principal and interest payment on borrowing used to acquire Rolleys Farm in Pawtucketville.
Chairman Matthews explained the city borrowed against future CPA revenue to fund…
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