10/16/2006 Annual Town Meeting - Laserfiche WebLink

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The Finance Committee recommends approval by a vote of 4-0. Motion made by Selectman George Green. Motion: I move the Town vote to appropriate and transfer from the Community Preservation Fund, pursuant to the provisions of M.G.L. Ch.44B, §5, $4,0,000 for the purpose of funding the Habitat For Humanity of Cape Cod Affordable Housing Construction Project at 562 Cotuit Road and 59 Quash net Road, including any necessary costs and expenses related thereto. Motion passes unanimously at 8:00 PMO Article 16 To see if the Town will vote to appropriate and transfer , pursuant to the provisions of MGM Ch. 44B §6 to reserve from the FY 2007 estimated Community Preservation revenues the following amounts: $177,267 for open space purposes $177,267 for historic purposes $177,267 for affordable community housing purposes $919,184 to the FY2007 Community Preservation Fund Budgeted Reserve, as recommended by the Community Preservation Act Committee, or take any other action relating thereto. Submitted by the Community Preservation Act Committee Explanation: This article seeks to set aside 10% of the estimated Community Preservation funds for open space, historic resources and affordable housing. The Board of Selectmen recommends approval. The Finance Committee recommends approval by a vote of 4-�0. Motion made by Selectman Wayne Taylor. Motion: I move the Town vote, pursuant to the provisions of M.G.L. Ch. 44B, §6, to reserve from the FY 2007 estimated Community Preservation revenues, $177,267 for open space purposes, $177,267 for historic resource purposes, $177,267 for affordable community housing purposes, and $919,184 to the FY 2007 Community Preservation Fund Budgeted Reserve. Motion passes unanimously at 8:01. PM.