12/18/2018 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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13 Community Preservation Committee Minutes December 18, 2018 NEW BUSINESS Deliberations on May 2019 Project Proposals: (continued) Acquisition of 12 Cypress Circle: TBD: At the last meeting, the CPC voted to authorize a real estate appraisal at the site, 12 Cypress Circle, Mashpee. If the project moves forward it is the recommendation of the CPC to authorize the funding to the care and custody of the Affordable Housing Trust for the purpose of the acquisition of 12 Cypress Circle for affordable housing purposes. It was disclosed the acquisition of the subject property would not impact the Mashpee Wampanoag Rod & Gun Club as abutters. However, the clearing of the lot for affordable housing may significantly reduce the vegetative sound barrier that would affect the abutting residential properties. The road also leading to the lot is undeveloped. Preliminary cost estimates range from $70,000 to $100,000 to re-construct the pavement. If funds for this property are transferred to the Affordable Housing Trust, it was recommended that no more than$150,000 be expended in total subsidy for the affordable home. The matter was taken under advisement to review the appraisal of the subject property. Acquisition of 646 Old Barnstable Road: $125,000: At the last meeting, the CPC voted to authorize an appraisal of the subject property. If this project moves forward, it is the recommendation of the CPC to authorize the funding to care and custody of the Affordable Housing Trust for the purpose of the acquisition of 646 Old Barnstable Road for affordable housing purposes. The matter was taken under advisement to review the appraisal of the subject property. NEXT MEETING Thursday, January 24, 2019—Mashpee Town Hall, 6:30 p.m. Continued Deliberations on Projects proposed for the May 2019 Special Town Meeting Review of Real Estate Appraisals