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f.,. To'wn of Mashpee <br /> ' 16 Great Aeck Poad Aor Ih <br /> `�Al1LE LU` Naslipee,Massachusetts 02040 <br /> b) Mashpee is a 'Tier One Community'. We will still have maximum access to this <br /> program even though no 'Tier Three Community' has yet to receive above 14%? <br /> PER DAWN'S DISCUSSION WITH NATE KEENAN AT CLEAN WATER TRUST, <br /> THE RELOCATION OF SUBSIDY FROM THE CAPE AND ISLANDS TRUST IS <br /> INDEPENDENT OF THE TIER LIMITS SET BY TREASURY AND ARE SEPARATE <br /> AND APART SO THE TIER REGULATIONS ARE NOT RELEVANT. THIS WAS <br /> CONFIRMED `BY DEPUTY TREASURER SUE PEREZ AT A MEETING ON 211119 <br /> HOSTED BY SENATOR CYR AND REP: PEAKE AT SSTATE HOUSE. <br /> c) May the Finance Team also provide analysis for principal forgiveness at 12% and 0% <br /> for comparison? THESE ADDITIONAL SCENARIOS ARE FINE BUT SHOULD NOT <br /> BE PRESENTED AS MORE.LIKELY THAN 25% <br /> 4) How are sewer rates to be calculated? (Perhaps best answered by sewer consultant?) <br /> THESE QUESTIONS CANNOT BE ANSWERED OTHER THAN SPECULATIVELY <br /> UNTIL AND UNLESS THE BOS MAKES POLICY DECISIONS,'IT WOULD BE FAIR TO <br /> STATE THAT RATES CAN COVER A PERCENTAGE OE THE DEBT'SER1i!ICE <br /> SHOULD THE T0..WN CHOOSE TO.DO SO HOWEVER FUNDING OF PHASE ] <br /> SHOULD BE FINANCED THROUGH.BEST PRACTICE OPTIONS PROVIDED TO,BOS <br /> a) Is sewer"hook-up" to be mandatory for property owners? SUBJECT TO'POLI CY BY <br /> BOSISEWER.COMMISSION <br /> b) As residents are not required to hook up to town water, what methodology will be <br /> implemented to calculate usage? BOSISEWER COMMISSION.CAN SETA <br /> METHODOLOGY <br /> c) What is the expected household yearly sewer usage charge? BOS`OR.!SEWER <br /> COMMISSION CAN SET A'MINIMUM CHARGGE <br /> d) What allowances, if any, will be made for taxpayers who currently have an active Title <br /> V betterment loan or have a newer, functioning septic system? SUBJECT TO <br /> FUTURE POLICY: <br /> 5) Is the new short-term rental tax (assumed 6% local option) to be diverted to sewer <br /> funding? <br /> a) What percent will be earmarked for sewer? Mashpee currently has 4% hotel/motel <br /> only. POLICY CALL,'BUT YOU SHOULD ASSUME.25, 50 AND 100% <br /> b) What is the assumed income figure? $1.14MILLION IN HOME RENTALS BASED <br /> ON 12 WEEKS OF HOME`RENTALS FOR 3,620 HOMES WITH 50% OCCUPANCY <br /> RATE AND $25DD WEEKLY RENTAL RATE. THIS FORMULA WAS THE AGREED <br /> UPON.FORMULA APPLIED IN ALE CAPD TOWNS IN THE'LEGISLATIVE <br /> PROCESS. DEVELOPED FOR CHAMBER OF COMMERCE BY:'BOB CIOLEK AND <br /> ACCEPTED AS REASONABLE APPROACH. TEAM'NEEDS TO ADD STANDARD <br /> H.TEE TAX.RECEIPTS TO.THIS AND INCREASE BY 50%TO ACCOUNT FOR <br /> INCREASE IN TAX I"ROM 4 TO.I %, FOR MAY 2019 TOWN MEETING: <br /> Scenario Specific Questions: <br /> Scenario 1: <br /> 1?m ul:assessig «ss�v.naslneeEia. ov • Web Site:wmv.mashpeema.gov <br />