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MEMORANDUM OFUNDERSTANDING <br /> BETWEEN: <br /> The Town of Mashpee, Board of Selectmen,represented by Town Manager Rodney Collins, <br /> hereinafter referred to as "the Town <br /> AND <br /> Mashpee Housing Authority, Board of Commissioners, represented by Executive Director Leila <br /> Botsford,hereinafter referred to as <br /> individually referred to.as a Party or collectively as the Parties. n <br /> WHEREAS ulR <br /> Per Article 1.4 of the 2019 Spring Town Meeting, and as rel yt to 111I��'r�r c44B, parties wish to <br /> enter into an agreement for the purpose of funding Afford,,: b r fusing, 'b scally the Housing <br /> Assistance Programa.II, including any necessary costs a expenses related. �`, <br /> THE PARTIES AGREE AS FOLLOWS1. • �� `: p� <br /> µ <br /> Fundiri <br /> -: <br /> 1.1. Funds will be issued from the Town CPQ to the M <br /> -year basis for a three <br /> period, at a rate of$27,500.00 per quart'` dor a total of$11 - .00 per year for three years}. <br /> 1.2 Payments from the Town will issued t r E G no later the It �, October 1, January 1, <br /> and,April 1 of each year. <br /> 1.3. MHA agrees to prepare and submit qua Jy re: 'AV: e� =u n no later than 3 0 days after <br /> the end of the quarter, star' rte-r ending J=N 0, 2019. yarterly reports will consist of the <br /> same reports that have em m oduced: Lo Repayment Report, Vendor Report, CPC <br /> Income Report, Loan 'd out R e� ,,rt, and the agement Fee Report. No other reports will <br /> r <br /> be required. <br /> 1.4 The Vend p t entity aid the funds, as well as <br /> ,, .� �� ....��,-:���j�_ dress of he e �tY p <br /> . or Report will� r �t tom:= �-�� �.rri+e ndf. <br /> M o` ✓ dential infornnation(client name address etc.) <br /> the amount a aid pay n.ds. <br /> is to be ided to n. s <br /> 2. Pro r - <br /> g a ,Quid elln es <br /> N <br /> 2.1. MHA ;1 K e Town agr at the Housing Assistance Program II will be guided by the <br /> Program Guide- ..,s and Plant presented in October 2018, which contains the summary as <br /> follows: <br /> Mashpee Hou Assistance Program II will encompass housing assistance in one or <br /> more of the fo owing areas <br /> • On-going, short term rental assistance (12-24 months) <br /> o Onetime assistance for first/last/security deposits <br /> + One--time emergency assistance for rent (1-3months) <br /> 0 Mortgage assistance for short term(1-3months) <br /> Page 1 of 2 <br />