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Board of Selectmen <br /> Minutes <br /> November I , 2010 <br /> NEW BUSINESS: <br /> Recommendation from the Affordable Housing mmittee—to bequest <br /> Meetin of the Affordable Dousing Trust—Acquisition of Proper t 4A <br /> Schooner Lane: <br /> Correspondence was received from the Affordable Dousing Cot=' ittee <br /> dated November 2, 2010 request* the Board of the Mashpee Affordable <br /> Housing Trust convene at its earliest possible convenience to act on the <br /> recommendation to consider the acquisition of an affordable housing <br /> condominium unit located at 4A Schooner Lane,1 lashpee. <br /> The Affordable Housing Cottee at its October 5, 2010 meeting voted <br /> to recommend the Trust consider the acquisition from the Cape Cod Five <br /> Cents Savings Bank,the holder of the mortgage on the affordable housing <br /> unit intended for foreclosure proceedings. Once the foreclosure <br /> proceedings have taken place,the affordable housing deed restriction on <br /> this property will be terminated and the Town will permanently lose this <br /> unit from its affordable housing inventory. <br /> The Affordable Mousing Trust, a nine-member committee is comprised of <br /> the full Board of Selectmen, and representation from theou.sir'g <br /> Authority,Affordable Mousing Committee, ERIC and Finance Committee. <br /> It was agreed the Affordable Housing Trust would schedule a meeting on <br /> Monday,November ber , 2010 to review the project proposal. <br />