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Explanation: This article re-writes Article 12 of the October 1, 2001 Town Meeting to allow <br /> for the purchase of all property owned by the developers of the proposed "Cape Club"golf <br /> course and/or within the boundary of the proposed development including a parcel not <br /> contiguous to the original site. Additionally, the new article adds language that will allow for <br /> the possible purchase of the entire proposed golf project in a joint venture with the Town of <br /> Barnstable and the Commonwealth of Massachusetts under terms and conditions to be <br /> negotiated. Language in the original article unintentionally precluded acceptance of$3,200,000 <br /> of State funds and a cooperative management agreement with the Town of Barnstable that <br /> may be necessary for the purchase of the entire parcel. The present article accommodates as <br /> many scenarios as possible while continuing to allow for the possibility that Mashpee alone can <br /> purchase any portion of the proposed project should it become available. <br /> Article 6 <br /> To see if the Town will vote to rescind the authority to issue the following unissued balances of <br /> authorized bonds or notes pursuant to the votes adopted under Article 12 of the October 12, <br /> 2001 Town Meeting for $3,200,000 for land acquisition to the extent not previously exercised, <br /> or take any other action relating thereto. <br /> Submitted by the Board of Selectmen <br /> Explanation: This article is for the purpose of rescinding loans authorized for land acquisition. <br /> r <br /> 1 <br /> March 4,2002 <br />