02/25/2019 BOARD OF SELECTMEN Agenda Packet

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DRAFT 41 MAY 2019 SPECIAL &ANNUAL TOWN MEETING WARRANT Page 7 Article: To see if the Town will vote to appropriate and transfer from the Community Preservation Fund Historic Preservation Reserve, in accordance with the provisions of M.G.L. Chapter 44B §5, the sum of$400,000 for the purpose of funding the Mashpee Parsonage Restoration Project including any necessary costs and expenses related thereto as recommended by the Community Preservation Committee,said sum to be disbursed subject to and contingent upon prior execution of a Memorandum of Understanding between the fund recipient and the Board of Selectmen establishing milestones for full Project funding and a schedule for release of the subject appropriated CPA funds in relation thereto, and,further,subject to the recording of a Preservation Restriction to assure that the subject historic property's intrinsic values will be preserved through any subsequent ownership by restricting the demolition or alteration of its significant historic features, all as recommended by the Community Preservation Committee, or take any other action relating thereto. Submitted by the Community Preservation Committee The Community Preservation Committee recommends approval of Article _by a vote of 4-3. Explanation:The project seeks to restore and preserve on the few remaining historic buildings in Town,the Tribal Parsonage. The building has fallen into disrepair and requires immediate action before the structure is lost. This project represents a partnership between the Town and the Wampan-oag Tribe and relies on the Tribe raising the balance of the funds needed to complete the reconstruction. The details and timing of the release of funds to the Tribe for work that is completed will be based on a Memorandum of Understanding between the Town and the Tribe. The Board of Selectmen recommends approval of Article by a vote of The Finance Committee recommends approval of Article by a vote of Article To see if the Town will vote, as recommended by the Community Preservation Committee, to appropriate and transfer from the Community Preservation Fund Budgeted for Appropriation Reserve in accordance with the provisions of M.G.L. Chapter 44B §5, the sum of$300,000 to the Mashpee Affordable Housing Trust ("Trust"); said funds to be held and expended by the Board of Trustees of said Trust for the purpose of Affordable Housing, including any necessary costs and expenses related thereto as recommended by the Community Preservation Committee provided, however, that said sum shall be used exclusively for community housing and shall remain subject to all the rules, regulations and limitations of M.G.L. c. 44B when expended by the Trust, shall be accounted for separately by the Trust, and, provided further, that at the end of each fiscal year, the Trust shall ensure that all expenditures of said funds are reported to the Community Preservation Committee, or take any other action relating thereto. Submitted by the Community Preservation Committee The Community Preservation Committee recommends approval of Article _by a vote of 8-0.