11/07/2019 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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5 Community Preservation Committee Minutes November 7,2019 APPOINTMENTS &HEARINGS Domingo Pena,DJP Enterprises LLC—Caroline Way Residences: The Community Preservation Committee was in receipt of an application from Domingo Pena of Perth Amboy,NJ in request of CPA funding in the amount of$500,000 for the Caroline Way Residences project located at 243 Cotuit Road, Mashpee. The subject premise is currently owned by Domingo Pena and Jacqueline Pena. Terri-Smith Pena was in attendance to discuss the project application with the CPC members. Mr. Pena unable to attend the meeting and participated remotely. A small residential development is proposed at the subject site location, 13 units for the 55+/senior,affordable workforce rental housing at 80%AMI for the benefit of the Mashpee community. The project is in its pre-development/application stage is anticipated to obtain design completion submittals by the end of November, 2019. Pre-development funds are being sought from a private investor. With full funding commitments it is anticipated the closing would occur in the Spring of 2020, and project completion in October of 2020. The project would include a combination of financing from private investors, local financing institutions and governmental program financing which may include LIHTC financing for the affordable housing rentals. It was noted that DHCD financing requires the committal of funds from the community as well as project endorsement. A single family dwelling is currently situated on the property located near many area amenities. The home is planned to be demolished to allow for the construction of the condominium units containing two bedroom, two bathroom units. Construction is planned for single level living with open floor plans and single car garages. It was noted the property lies in close proximity to Santuit Pond. Thirteen units each with two bedrooms would require five denitrification systems at a cost of$20,000 with$2,000 per year projected for maintenance. The project has not received approval from the Board of Health to site the proposed 26 bedroom units on 2-acres of land. The project engineer is currently working with the Board of Health to gain necessary approvals. This would include septic requirements.