1/28/2015 ZONING BOARD OF APPEALS Minutes

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AREAS,the Town of Mashpee has cetd to participate in the Local Initiative Pro ram and intends the two units of affordable housing to qualify as a"Local Initiative project within the Local Initiative Program; 'ARE .S, upon a reliable determination of need the flown may request that ° the affordable homes which for this II-�CI approve a local preference for t 70% of I project wouldbe one of the two houses; and WHE REi AS for the purposes of this Agreement, an Eligible Purchaser is herein I defined as: ■ (i) A family who will live regularly in the Unit as their primary residence and. - who are related by blood, marriage,law or who have otherwisc evidenced a ■ stable interdependent relationship. In the final lottery conducted to select-a- purchaser from among eligible and qualified applicants, Habitat will give preference to families whose family size requires the number of bedrooms being built, according to the criteria described in I CI 's LIP program guidelines. - (ii) family whose annual income from all sources is not more than sixty-five (65%) of the median adjusted income for the Barnstable County region known as the""Barnstable County area"'as established, defined and periodically published by the U.S. Department ent bf Housing and Urban Development. (iii) Upon the Town's receiving Local Preference approval by IC ,residents of the Town shall re eive a preference,within the lottery process, for one of the two units. A resident of Mashpee is1 fined as a household with one.or more member who is/are: t a. currently residing in the Town of M tape ; - b. person(s) currently employed by the Town of Mashpee(municipal government) or the Mashpee School system or any business located in the Town; and/or c. fades living out of Town whose children attend school in the Town. (iv) And certain other qualifying characteristics related to assets and other limitations as described in detail in the Local Initiative Program Guidelines. NOW, T FORE,THE PART17ES AGREE AS OLLOWS: l. with the execution of this Land Disposition.Agreement,the Town hereby waives all Town regulatory Fees.