01/27/2020 BOARD OF SELECTMEN Agenda Packet

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Article PROPOSED ARTICLE for reducing the Community Preservation Act surcharge from 3%to 2% To see if the Town will vote'to amend its acceptance of the Massachusetts Community Preservation Act (General Laws Chapter 441B, Sections 3--7) by reducing the annual surcharge imposed on real property in the Town for Chapter 44B purposes from the rate of three percent (3%) to the rate of two per cent (2%) of the real estate tax levy against said property; said reduction to take effect in Fiscal Year 2021, effective July 1, 2020; or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This Article proposes an amendment to the Town of Mashpee's acceptance of Massachusetts General Laws Chapter 44B, §§ 3-7, also known as the Community Preservation Act (the "Act"), by decreasing the surcharge imposed on real property from three percent (3%) to two percent (2%) of the tax levy, as determined,annually by the Board of Assessors. The Act allows municipalities to impose a surcharge on real property to establish a dedicated source of funds for: the acquisition, creation and preservation of open space; for the acquisition, preservation, rehabilitation and restoration of historic resources; for the acquisition, preservation, rehabilitation and restoration of land for recreational use; for the acquisition, creation, preservation, 'and support of community housing; and for the rehabilitation or restoration of open space and community housing that is acquired or created with Community Preservation Funds. Proposed Ballot Question.Lor Reduction o CPA Surcharge from 3%to 2%: Shall the Town of Mashpee amend its acceptance of Sections 3 through 7, inclusive of Massachusetts General Laws Chapter 44B, also known as the Community Preservation act,"), by decreasing the surcharge imposed on real property from three percent (3%)to two percent (2%) of the tax levy, as approved by its legislative body, a fair and concise summary of which appears below? Summary: This ballot question relates to an amendment to the Town of Mashpee's acceptance of Massachusetts General Laws Chapter 44B,-§§3-7, also known as the Community Preservation Act (the ""Act"), by proposing to decrease the surcharge imposed on real property from three percent (3%) to two ,percent (2%) of the tax levy, as determined annually by the Board of Assessors. The Act allows municipalities to impose a surcharge on real property to establish a dedicated source of funds for: the acquisition, creation and preservation of open space;for the acquisition,preservation, rehabilitation and restoration of historic resources;for the acquisition, preservation, rehabilitation and restoration of land for recreational use; for the acquisition, creation,- preservation, and support of community housing; and for the rehabilitation or restoration of open space and community housing that is acquired or created with Community Preservation Funds, Yes No