05/01/2023 SPECIAL TOWN MEETING - Laserfiche WebLink

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were funded through the DPW and Waterways Commission budgets. Stormwater improvements have been made through grant funding. This includes a bioretention basin. In 2016 the Town approved CPA funding to replace a 30-year wooden structure at the site with marine-grade material to promote eelgrass growth and shellfish habitat. Unused funds for this project would be returned to the CPC. The Community Preservation Committee recommends approval of Article 5 by a vote of 8-0. The Select Board recommends approval of Article 5 by a vote of 5-0 The Finance Committee recommends approval of Article 5 by a vote of 6-1 Motion made by Select Board Member Weeden Motion: I move the Town vote to approve Article 5 as printed in the warrant, with the exception of the phrase “or take any other action relating thereto.” Motion passes at 7:24 PM Article 6 To see if the Town will vote, as recommended by the Community Preservation Committee, to appropriate and transfer to the Mashpee Affordable Housing Trust (“Trust”) the sum of $550,000, as follows: the sum of $300,000 transferred from the Community Preservation Fund 10% Affordable Housing Reserve, and the sum of $250,000 transferred from the Community Preservation Fund, Fund Balance, both in accordance with the provisions of M.G.L. Chapter 44B §5; said funds, totaling $550,000, to be held and expended by the Board of Trustees of said Trust for the purpose of Affordable Housing, including any necessary costs and expenses related thereto, provided, however, that said sums shall be used exclusively for community housing and shall remain subject to all the rules, regulations and limitations of M.G.L. Chapter 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, or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: The goal of this appropriation is to allow a more efficient procedure to enable the acquisition and subsequent development of affordable housing projects in the Town of Mashpee. The Affordable Housing Trust is a Town body which, by statute, may purchase, hold, and make decisions regarding the development of affordable housing units within the Town. Granting the requested available funds to the Affordable Housing Trust will enable the Trust to negotiate with developers and execute real estate transactions effectively and efficiently. The Community Preservation Committee recommends approval of Article 6 by a vote of 7-0-1 The Select Board recommends approval of Article 6 by a vote of 5-0 The Finance Committee recommends approval of Article 6 by a vote of 6-0 Motion made by Select Board Member Cotton