05/06/2019 Special Town Meeting - Laserfiche WebLink

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The Board of Selectmen recommends approval of Article 14 by a vote of 4-0. The Finance Committee recommends approval of Article 14 by a vote of 5-1. Motion made by Selectman John Cotton. Motion: I move the Town vote to appropriate and transfer the sum of $330,000 from the Community Preservation Fund 10% Affordable Housing Reserve, in accordance with the provisions of M.G.L. Chapter 44B §5,for the purpose of funding the Mashpee Housing Assistance Program II for an additional three-year period, said sum to be allocated as a CPA award of $110,000 per year, including any necessary costs and expenses related thereto, as recommended by the Community Preservation Committee, said sum to be disbursed subject to and contingent upon prior execution of a Memorandum of Understanding between the fund recipient and the Board of Selectmen,the terms of which shall be acceptable to said Board of Selectmen, said funds to be held and expended by the Affordable Housing Trust ("Trust") Board of Trustees for the purpose of funding Affordable Housing, including any necessary costs and expenses related thereto, provided, however, that said sum shall be used exclusively for community housing and shall remain subject to all the rules, regulations and limitations of M.G.L. c. 44B when expended by the Trust, shall be accounted for separately by the Trust, and, provided further, that at the end of each fiscal year, the Trust shall ensure that all expenditures of said funds are reported to the Community Preservation Committee. Motion passes at 8:02 PM Special Town Meeting adjourned at 8:02 PM THIS CONCLUDES THE BUSINESS OF THE SPECIAL TOWN MEETING 17