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Holyoke CPA committee: Tiny‑house contracts pending, YMCA signed; FY26 budget could approach $1 million
Summary
Committee staff reported progress on pending contracts (tiny‑house affordability documents still outstanding; YMCA contract signed) and an updated budget estimate that may approach $1 million for FY26 once carryover and investment income are finalized.
Committee staff reported program contract updates and a larger‑than‑expected budget projection for the next fiscal year.
Naomi said the tiny‑house contract remains the most complex file: three documents must be returned as a package through the sign‑now platform, including the main contract, supplemental documents and an affordability restriction. Naomi said the City's Community Development staffer, Alicia Zeller, is preparing language and a signed statement that the planning department will monitor compliance; legal review is ongoing. Naomi also reported the YMCA contract has been signed and that GlauTech and the stained‑glass project have active signed agreements and can start work and spend funds.
On a separate administrative note, Naomi said Tyler, the historic consultant, told staff he would continue for FY26 and did not bill for prior work. Naomi described planned training with city Munis super‑users (Rory Casey and Kelly Curran) to speed fiscal processes and invoice handling.
Under old business, committee chair Jay Ferreira said the CPA surcharge receipts and state match indicate a substantially larger FY26 allocation than expected: the committee now estimates roughly $705,000 from the local surcharge plus a 15.4% state match, carryover balances and investment income could push total available funds for FY26 toward $1 million. Staff will confirm accounting with the city auditor to avoid double counting and will present a final budget at the next meeting.
