12/13/2011 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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6 Community Preservation Committee Minutes ecernber�13, 2011 APPOINTMENTS &HEARINGS: James P Trine—The ConnigjgiV.Builders—Mashpee Village Restoration-Pro'ect: Mr. Perrine indicated that preliminary discussions have been held with Ston onvie,the Southport Community developer. The wastewater treatment facility at Southport is able to hand the volume-of.Nlwhpee village and there would be a considerable cost savings for Mashpee village, approximately$1 milli.on to tie into the existing plant. Mr.-Perrine noted the proposal is subject to a few issues, such as an inspection of the Southport treatment facility and review of the system's f nction.g life expectancy M" addition to operational costs. It was noted .that possibly in the future,an assisted living facility considered for development would have the capability to tie-into the wastewater treatment facility as well. In considering wastewater treatment alternatives,the'Mashpee High School was reviewed as a potential location. presently,the MHS does not have the capacity for the Mashpee Village although costs may be less if the high school plant were expanded. ft was the effluent lies under the player fields and the use of two pipes, one in and one.out for flow were given strong consideration. Mr. Peffine agreed to further review the matter of wastewater in an effort to relieve the cost constraints associated to the project development.. When discussing the $20 million dollar budget,Mr. perrine explained the project did not receive state funding during the est round, and the 9%' in federal tax credits for renovations previously rived have been reduced to %. This reduces the amount ofprivate equity TCB is able to raise. .The commitment of � CPA funds from the Town of Ma h ee.wi11 help to leverage f rods for state financial support during the next round of funding. Mr. Perrine indicated the. Mashpee village project is in a strong position to receive stag funding. The application is intended to be re-submitted to the state on Janizary 2 ,2012,0 Mr. perrine disclosed the TCB has received a veatheriatioh grant from the state for insulation and highly efficient boilers for 110 apartments. The $500,000 ant is federal stimulus monies to assist affordable housing by reducing energy consumption. Mr. Perrine explained that this grant will help to offset costs associated to the reduction in federal tax credits, and with the potential to tie into a neighboring wastewater treatment facility further reductions could be realized.