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I i <br /> t <br /> Article lI : Self-Help Application to the Executive Office <br /> of Environmental Affairs, Division of Conservation <br /> Services. iI <br /> The MASHPEE CONSERVATION COMMISSION HAS SUBMITTED A <br /> SELF-HELP CONSERVATION APPLICATION SEEKING $500,000 TO ACQUIRE <br /> 129 ACRES OF LAND KNOWN AS THE WILJOLE' S PROPERTY, OWNED BY <br /> RUSSELL- MAKEPEACE. THE DEPT. OF CONSERVATION SERVICES WILL ONLY <br /> APPROVE $300,000 OF THE APPLICATION REQUEST AS BOTH THE APPRAISALS <br /> DID NOT EXCEED $300,000. THE STATE, IF THE APPLICATION IS APPROVED, 1 <br /> WILL REIMBURSE THE TOWN 80% OF $300,000, or $240,000. <br /> BREAKDOWN: ** APPLICATION REQUEST. . . . <br /> 500000.00 <br /> STATE REIMBURSEMENT OF 80% of $300,000� � � �-$240,000.00 <br /> MASHPEE CONSERVATION COMMISSION -�. SO 000.00 <br /> ** THE OWNERS WOULD NOT LOWER THEIR LlV�0 �— <br /> ASKING PRICE. <br /> THE TOWN MUST HAVE YOUR PERMISSION TO BOND FOR $450,000 FOR ONE <br /> YEAR. THE RATE WILL BE 7%,. <br /> THE STATE' s REIMBURSEMENT WILL REDUCE THE BOND BY $240,000. IF <br /> THE STATE DOES NOT APPROVE THE APPLICATION, THE ACQUISITION OF <br /> THIS LAND IS DE1*L:,TFD, IN REALITY, WE ARE BORROWING IN ANTICIPATION <br /> OF ;TATE FUNDING. <br /> REASONS TO ACQUIRE LAND: * TO PERSERVE THIS LAND IN CONSERVATION; ! j <br /> * TO PROTECT THE MASHPEE WATERSHED; (THIS <br /> LAND IS ALMOST ADJACENT TO THE TOWN OWNED LAND OF 132 ACRES WHICH IS <br /> LOW BEING CONSIDERED AS A WELL FIEIDI- <br /> * T6 IMPROVE THE BOGS FM- TTEA PUCTZVIZ'1�! <br /> THEREBY OFFSE'TT'ING THE CRR <br /> ODI <br /> * TOWN CONTROL OF A VERY IMPOUANT AREA. <br /> t <br /> i <br /> i . <br /> i <br /> - i <br />