03/02/2020 BOARD OF SELECTMEN Agenda Packet

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*DRAFT 1 MAY 2020 TOWN MEETING WARRANT* Page 15 Explanati om This article establishes a special fund for infrastructure for was,tewter, stormwa,tera and municipal drinking water.The funding source is a surcharge oftwo, percent (2%) on the annual property tax assessed on real property starting in, Fiscal Year 2021, which begins on July 1, 2020. Real estate properties that are fully exempt from property taxes, are not subject to the surcharge. In addition, taxpayers who receive partial exemptions of the real estate. taxes assessed on their domiciles, including certain seniors, veterans, blind persons and surviving spouses, are fully exempt from the, surcharge. Taxpayers that receive other exemptions,or abatements of their real estate taxes will receive a pro rota reduction in their surcharges. The, Board of Selectmen recommends approval of Article 8 by a vote of The Finance Committee recommends approval of Article 81 by a vote of Article 9 To see if the Town, will vote to amiend its acceptance of the Massachusetts Community Preservation Act (General Laws Chapter 4,4B, 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 2022, effective July 1, 2021; 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 p,rese,rvation 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 rehab 11 itation or restoration of open space and community housing that is acquired or created with Community Preservation Funds, The, Board of Selectmen recommends approval of Article 9 by a to of The Finance Committee recommends a I,pproval of Art"cle 9 by a vote of Article 10 *PLACE SAVER-CONTRACT SETTLEMENT* Personnel Administration Plan Explanation: The Board of Selectmen recommends, approval of Arti cle 10 by a vote of The Finance Committee recommends approval of Article 10 by a vote of