The weathervane on top of the Katharine Cornell Theatre might have a chance to face north again.

Repairs to the weathervane, which currently faces 180 degrees in the wrong direction, is one of 26 applications the Tisbury Community Preservation Act Committee reviewed for eligibility on Monday night.

The Community Preservation Act was approved by Tisbury voters in 2005. The act levies a three per cent surcharge on town property tax bills that is matched by the state, this year at 36.9 per cent. Ten per cent of the funds must be allocated in each of four categories: community housing, historic preservation, open space and recreation.

This year the community preservation committee has $729,967 available in funds, while total requested funds add up to $1.15 million. After interviewing each applicant at the end of November, the town committee will decide at its Dec. 3 meeting which applications to recommend to voters at the annual town meeting in the spring.

At the meeting Monday, committee member Dave Ferraguzzi suggested that the application form be amended to say that fundraising is encouraged.

“Say we get two different grants fighting for the last dollar, and one group has already raised X amount of dollars for their project,” Mr. Ferraguzzi said. “It’s not a policy, but we should encourage applicants to raise their own money.”

Several applications are from organizations who have received community preservation funds in the past, such as Island Housing Trust, Habitat for Humanity, the Dukes County Regional Housing Authority, the Martha’s Vineyard Museum, the Tashmoo Spring

building committee, and Nathan Mayhew Seminars of Martha’s Vineyard.

In addition to the weathervane repair, the Tisbury selectmen have applied for money for two memorial benches named for the late shellfish constable Derek Cimeno to be placed at Lagoon Pond and Lake Tashmoo.

Stained glass artist Barney Zeitz applied for funds to complete the window restoration at the United Methodist Church, commonly called the stone church.

“It’s a beautiful window,” said committee administrative assistant Abbe Burt. “It’s worth preserving.”

The Tashmoo preserve task force asked for funds to remove invasive species and clean the bottom of Spring Pond.

The Lake Street Park playground seeks funds to complete its project, while another application asks for money to rehab the playground at Veterans Memorial Park.

The committee found all but one of the applications eligible; that was for an aquarium at the Tashmoo Spring building.