04/06/2020 BOARD OF SELECTMEN Agenda Packet

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Compliance Certificate Re: Unit 24B Center St., Mashpee, Barnstable County, Massachusetts (the "Property"). The undersigned Chairman of the Town of Mashpee Board'of Selectmen, acting on behalf of the Town of Mashpee ("Town"), hereby certifies as follows with respect to a certain Affordable Housing Restriction imposed by the Deed Rider for Comprehensive Permit Projects annexed to and made part of that certain Deed, dated March 10, 2006, filed with the Barnstable Land Court Registry, Certificate # C357-24B, Document 1,028,133 with respect to the Property having an address of Unit 24B Center St., Mashpee, Barnstable County, Massachusetts (The "Seller's Affordable Housing Restriction"): Whereas,the Property referred to hereinabove is subject to the terms and conditions of the Seller's Affordable Housing Restriction and the Comprehensive Permit referenced therein; Whereas, the Grantee identified in the Seller's Affordable Housing Restriction has duly notified the Town and the Monitoring Agent of his intention to convey the Property; Whereas, despite diligent marketing efforts the Monitoring Agent and the Grantee have been unsuccessful in locating an Eligible Purchaser for the Property at the Maximum Resale Price; Whereas,the Town has declined its option to purchase the Property at the Maximum Resale Price; Whereas, pursuant to Article 40) of the Seller's Affordable Housing Restriction, The Grantee has conveyed the Property to a third-party purchaser for fair market value (the "Purchaser"); Whereas, the Maximum Resale Price for the Property is $189,317.00. The consideration paid by the Purchaser to the Grantee for the purchase of the Property is $180,000.00; Whereas, pursuant to said Article 40), the consideration paid by the Purchaser is not in excess of the Maximum Resale Price, thus, there are no excess funds to be paid by the Grantee to the Town for deposit into the Mashpee Affordable Housing Fund; Now, Therefore, in consideration of the recitals set forth hereinabove, the Town hereby issues this Compliance Certificate to reflect that all rights, restrictions, agreements and covenants contained in the Seller's Affordable Housing Restriction are henceforth null and void and that the sale of the Property to the Purchaser is consistent with the terms of said Seller's Affordable Housing Restriction. Upon conveyance of the Property by the Grantee to the Purchaser and the recording of this Compliance Certificate,the rights,restrictions,agreements,and covenants contained in the Seller's Affordable Housing Restriction shall be null and void. All defined terms used herein shall have the definition set forth in the Seller's Affordable Housing Restriction unless otherwise defined herein.