2012 AUGUST-MASHPEE EDIC Plan for Executive Park

Home Browse Search

SECTION 2. The general courtfinds and declares that: (a)unused,underused or undeveloped areas exist in parts of the town-of Mashpee including the 2 designated economic opportunity areas at the Old Augat site and the Mashpee executive park; (b) each area constitutes an economic liability, substantially impairs or arrests the sound growth of the town and retards the economic well-being of the commonwealth; (c) each area has decreased the value of private investments and threatens the sources of public revenue; (d)redevelopment of the areas is necessary to retain existing industrial and commercial enterprises,to attract new industrial and commercial development and to promote the sound economic growth of the town; (e) the exercise of powers by the corporation and any assistance that may be given by the town or other public body in connection therewith are public uses and purposes for which public money may be expended; (f)the acquisition,planning, clearance, development,rehabilitation or rebuilding of the unused, underused and underdeveloped areas for industrial and commercial purposes are public benefits for which private property may be regulated by wholesome and reasonable order, law and direction and for which public funds may be expended for the welfare of the town and the commonwealth; (g)there exists in the town a condition of unbalanced development which causes social hardships, increases the public assistance burdens, impairs the security of family life, impedes the economic and physical development of the town and adversely affects the welfare and prosperity of the people; (h) underemployment has been caused in substantial part by industrial and commercial companies moving frorn the town; (i) some existing industrial and commercial facilities within the town are obsolete and inefficient; 0)the facilities are underutilized, thereby creating additional underemployment; (k)the obsolescence and abandonment of existing facilities are causing serious injury to the economy of the town; (1) the industrial and commercial sectors of the economy provide some of the best opportunities for jobs at higher wages for the inhabitants of the town; (m)new industrial and commercial sites are required to attract and house new industrial and commercial development and to retain existing industrial and commercial operations in need of expansion space; and(n) the modest efforts of private industry have not provided the necessary industrial and commercial sites within the area due to the problems encountered in the assembly of suitable building sites,the unreliable commitment of private capital for development and the inability of private enterprise alone to plan, finance and coordinate industrial and commercial development projects. SECTION 3. There shall be in the town of Mashpee a public body politic and corporate known as the Mashpee Economic Development and Industrial Corporation. There she be 7 members of the board of directors of the corporation who shall be appointed by the select board. At least 1 member shall be experienced in industrial or commercial development, 1 in financial matters, I in real estate matters, 1 in municipal government, at least 1 member representative of low income people who shall be chosen from a list of 3 submitted by the regional or local community action agency or,if there is no such agency, from a list of 3 submitted by the director. The appointing authority shall designate 1 of the 7 members as chair and another as vice-chair. Each of the 7 members shall be sworn to the faithful performance of his/her official duties as a director of the corporation. A majority of the 7 directors shall constitute a quorum for the transaction of any business,but the action of a majority of the entire board shall be necessary for any