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May 22, 2019 <br /> Andrew Gottlieb <br /> Chairman, Coin m Un i ty Preservation Con-in-ii ttee <br /> Mashpee Town HalI <br /> 16 Great Neck Road North <br /> Mashpee, M.A. 02649 <br /> Re: Mashpee Housing Authority and Soutlicape Resort <br /> Dear Mr.Gottlieb: <br /> I am ail interval timeshare owner at Southcape Resort and as such would appreciate clarification <br /> on the Mashpee com ntinity recognition of a different approach to adding affordable housing and <br /> other advancements at 950 Falmouth Road, <br /> In a meeting oil J U ne .1-5,2018, you commented in the context of essential technology to develop <br /> the Falmouth .Road property for housing that just because we can accomplish a certain outcome <br /> does not mean that we should do it, <br /> Please notice a significant option that should address the question of highest and. best use of the <br /> subject acreage of the resort area in the next decade,The seminal event is the pending <br /> termination of timesharing at the resort in 2022.A win-win option to avoid contentious <br /> incompatible activities is for the Town of Mashpee to acquire the resorb parcel. Resort <br /> termination is complex but unless a rna jo.ri ty vote of current ti nieshares elects to extend, then the <br /> majority group of timeshare residential units (31 residential units) in the association's <br /> Condominium Trust one might becorne rental but the other timeshare owners in the other <br /> Condominium Trust Two,comprising the other 24 residential units,will wait until only 202.7 to <br /> similarly vote while shouldering increased shares of expenses.The nature of resort use after <br /> 2022 is unknown. <br /> Gould Mashpee and the Southcape .Association consider how they might transition 55 residential <br /> units, work.ing.se,ptic and other 'Infrastructure systems, plus recreation property to .Mashpee in all <br /> equitable exchange? <br /> The town assesses the resort at$14 million but could the town (and the.Affordable Housi rig <br /> Trust) reach an equitable exchange with the association trustees at perhaps a fraction of the <br /> assessed valuation? one thought is that ninety percent of the voting legacy owners would urge its <br /> trustees to accept a third of that. <br /> One thought is the resort associatior-i should poll interval owners (who are current with <br /> participation) informing them that they could participate iia sonic equity return with their <br /> submittal of titles to the association, understanding that participation in 2020 avoids tiny <br /> extension decisions and also expensive conflicts between interests of municipal hOLIsing and <br /> leisure hospitality.Timeshare owners would appreciate knowing that resolution i s emerging, <br /> b �7 <br />