11/18/2008 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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1 Community Preservation Committee Minutes November 1 , 2008 The Dacey.Properties—Land Acquisition for Open Space Preservation; Pierce Schiller,Project Engineer was present on behalf of the Dacey Properties of Mashpee to discuss the CPA funding application for the acquisition of approximately 38 acres of pristine commercial and residential zoned real estate for the purchase of open space preservation. The Dacey Properties Trustee's are asking $5,612,000 for the land located between Algonquin Avenue, Old Barnstable Road and Nathan Ellis Highway. The acquisition of the lands will directly connect to an adjacent Town holding, and ensure a major enhancement of open space, Mr. Pierce explained the property 1s a collection of 16 separate entities, each of which qualify for 0%reimbursement funding. The Massachusetts State reimbursement grant program provides funding to towns to protect and actively maintain key parcels of land believed necessary to protecting current and future drinking water supplies. Mr. Schiller indicated that he verified with the state the project would qualify for grant funding. As noted,the maximum grant request and grant award is $500,000 per application. Grant requests and awards cannot exceed 0%of the estimated total project cost. Mr. Schiller stated the Town could apply for sixteen individual grant applications($2,115,000). In his estimation,the net cost to the town would be $3,304,300. It was agreed the lass DEP would be consulted regarding the expected availability of grant funding. It was noted there is an existing well on the subject property that is presently used by the Lakeside Estates Trailer Park. The Committee questioned the purchase if a well on-site presently services the trailer park. In response,the applicant indicated the trailer park is transitioning to town water. Discussion followed with respect to present budgetary constraints. At this time,the open space reserve has a balance of$1 67,22 1. It was noted the Ton at the May 2008 Town Meeting voted to approve an open space purchase, 78.67 acres for $3,146,800. The sum of$500,000 was secured from a Division of Fisheries and Wildlife grant and the CPA contributed 00,000 towards the purchase. The remainder was bonded for appropriation. Ir. Schiller was requested to remit to the CPC letters of support for the land acquisition proposal.