8/28/2007 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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Coni numt Preservation Committee Minutes August 28, 2007 Kaon Asint iJpdate. Quashnet Tennis Com Reconstruction: Work is underway with regards to the Quashnet Tennis Court reconstruction project approved with the-use of CPA funds at the May 2007 Town Meeting. The $1.04,000 pro f ect i s anticipated to derive under Budget. APPOINTMENTS AND HEARINGS: i Gina Martine ,-The Community uildrs: At their last meeting,the Community Preservation Committee agreed to re-consider the application of The Co' iunity Builders (TCB) for CPA funding at the October 2007 Town Meeting. It was notd that CPA funding would assist with the rehabilitation of the Mashpee village apartments, 145 units of affordable housing in the Town of Mashpee.- The Community Builders were successful in obtaining grant funding, approximately $5,000,000 to assist with the recapitalization of Mashpee village. Grant funding from the Housing Stabilization Fund (HSF), an award of$750,000 requires a local contribution for the release of funds. Senior Project Manager Gina Martinez of The Community Builders was before the CPC Committee to request reconsideration of their funding request to address the issue of eligibility of their proposal to recapitalize the Mashpee village apartments. legal memorandum was presented to the Committee from general counsel of TCB dated August 23, 2007 relative to eligibility of the project for use of funds under the Massachusetts Community Preservation Act, M . Martinez indicated the TCB is grilling to reconsider their funding request to allow for the use of Town CPA funds to leverage the state and federal resources to preserve Mashpee's largest affordable housing community. It was disclosed that a smaller contribution from the Town would not hinder the project from moving forward,but it may reduce the scope of the intended two-phased rehabilitation prograrn.