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*DRAFT 5-6-2019 Board of Selectmen MINUTES* 5 <br /> ARTICLE 14 ALTERNATIVE MOTION TO BE MADE BY SELECTMAN COTTON <br /> move the Town vote to appropriate and transfer the sum of $330,000 from the <br /> Community Preservation Fund 10% Affordable Housing Reserve, in accordance with the <br /> provisions of M.G.L. Chapter 44B §5, for the purpose of funding the Mashpee Housing <br /> Assistance Program II for an additional three-year period, said sum to be allocated as a <br /> CPA award of $110,,000 per year, including any necessary costs and expenses related <br /> thereto, as recommended by the Community Preservation Committee, said sum to be <br /> disbursed to the Mashpee Housing Authority subject to and contingent upon prior <br /> execution of a Memorandum of Understanding between the fund recipient and the <br /> Board of Selectmen, the terms of which shall be acceptable to said Board of Selectmen <br /> for the purpose of funding Affordable Housing, including any necessary costs and <br /> expenses related thereto, provided, however, that said sum shall be used exclusively <br /> for community housing and shall .remain subject to all the rules, regulations and <br /> limitations of M.G.L. c. 44B when expended, shall be accounted for separately and, <br /> provided further, that at the end of each fiscal year, the Mashpee Housing Authority <br /> shall ensure that all expenditures of said funds are reported to the Community . <br /> Preservation Committee. <br /> 5 <br />