09/14/2023 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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S Community Preservation Committee Minutes September 14, 2023 Public Hearing—Informational Meeting on the Needs Possibilities and Resources of the Town of Mashpee as they relate to Historic Preservation Recreation Affordable Housing and Open Space for the funding of projects at the May 2024 Town Meeting: (continued) Affordable Housing accomplishments include 12 new homes, 53 new apartments, 175 rehabilitated apartments, the rental and mortgage assistance program and the capitalized Affordable Housing Trust. Noteworthy projects include; The LeClair Village (950 Falmouth Road; ongoing) Habitat for Humanity homes The Mashpee Village The Homeyer Village Projects that combine the Open Space &Recreation category are as follows; The Great River Boat Ramp project The Edward Baker Boat Ramp project The Ockway Bay Boat Ramp project The Mashpee Community Park The Community Gardens Projects that combine Open Space Affordable Housing & Clean Water include; The LeClair Village; 39 units of affordable rental housing, 7 acres of open space and the Clean Water initiative of a required and enhanced wastewater treatment system. Since its inception in 2005,the Community Preservation program has assumed the debt payments from the former Land Bank. The Land Bank borrowed funds to purchase 621 acres of Open Space to protect the Mashpee River, Santuit Pond,the Quashnet River, Jehu Pond and Abigail's Brook as well as 274 acres that is a part of the Mashpee National Wildlife Refuge. The Community Preservation Program has paid over$15,000,000 in Land Bank debt to date. It is anticipated the debt obligation would be fulfilled in 2026. It was disclosed the Community Preservation Committee makes its recommendations to the legislative body,Town Meeting. The application process is in-line with the Town's two Annual Town Meetings and the application process is therefore opened two times per year. The deadline for applications to be considered for funding at the May Town Meeting is November lst. The deadline for applications to be considered for funding at the October Town Meeting is April I"