Town Manager Andrew Maylor said that if the property, which the town owns, is not properly maintained, it will deteriorate.
Maylor asked the committee to approve $436,950 to fix the roof of the Stevens Estate. The huge, Victorian-style mansion was built in 1886 by Moses Stevens, who owned many local textile mills.
The town acquired the 153-acre property at 723 Osgood St. in 1995. The Stevens Estate, which is rented for weddings and other social functions, experienced a few lean financial years but Maylor pointed out that it’s been earning a profit since 2012.
Keeping the estate properly maintained is bound to increase its profitability, he said.
John Simons, chairman of the Community Preservation Committee, said he appreciated the “passion” of those who spoke on behalf of North Andover’s historic assets.
The May 21 annual Town Meeting will have the final say on how the community preservation money is spent. North Andover voted to accept the state Community Preservation Act in 2001. The law authorized the town to charge a 3 percent surtax on local real estate tax bills.
Money raised under the Community Preservation Act can be used for the purchase of open space, historic preservation and affordable housing.