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which would allow certain land uses and building Report of the types to be essentially pre-permitted prior to Mashpee Economic development. The properties that the EDIC was interested in for this Development Agreement Development and Industrial were the two parcels located in the Mashpee Corporation Industrial Park. Mr. Niedzwicki stated that a development agreement could be entered into but it would be a three way agreement, that is, To the Honorable Board of Selectmen and the between the Town of Mashpee/EDIC the Developer and the Cape Cod Commission. Mr. Citizens of the Town of Mashpee: Niedzwicki thought that this was a great time for The Massachusetts State Legislature authorized planning the next development upturn and strongly urged the Town to streamline their regu- Economic Development and Industrial Corporation the establishment of the Town of Mashpee's latory permitting process for developers by insti- (FDIC)and the Board of Selectmen appointed a seven tuting a one-stop-shopping approach for develop- member Board of Directors of the Corporation. ers. We also discussed the updating of the Town of Mashpee's Economic Development The Mashpee EDIC Board meets on a monthly Comprehensive Strategy Plan. Mr. Niedzwicki basis to discuss a number of economic development and his staff urged the EDIC to take advantage of initiatives. The mission of the EDIC is as follows: the Commissions' resources of personnel and demographic and research data bases. The mission of the Mashpee EDIC is to work in partnership with landowners and developers to pro- The EDIC sent a Letter of Intent to the Cape Cod j vide economic development areas that will maximize Economic Development Council (CCEDC) the economic potential of land in Mashpee by attract- requesting a Grant in the amount of $75,000 ing commercial, industrial and research and develop- which would be used to carry out the EDIC's ment enterprises and governmental agencies. Economic Development Programs. Additionally, the EDIC strives to produce develop- Subsequently we were invited to appear before ment projects which promote economic growth for the members of the CCEDC to discuss those Town of Mashpee and assist new and existing busi- Economic Development Programs. As a result nesses in creating specific job opportunities in com- of this meeting we were requested to file a formal mercial, industrial, manufacturing, research and Grant Application to be presented to the CCEDC development industries, large grant committee that will be meeting in early January 2009. The formal Grant Following are highlights of our Economic Application was forwarded in December 2008. Development initiatives for the past year: � At the October 2008 Mashpee Town Meeting the D Members of the EDIC Board of Director's met Board of Selectmen recommended by a vote of on two occasions with the accountant for the 5-0 and approved by Town resident's to transfer Falmouth EDIC to take advantage of his exper- Town owed land located at 117 Industrial Drive tise and to discuss his approach in handling the to the EDIC.This transfer will allow the EDIC to operations of the EDIC. Items that were dis- formerly assume control and use of the subject cussed were the establishment of a Cash property for the purposes specified in its enabling Management Program, Risk Management, legislation, including possible development of Director's and Officer's Liability Policy and the site, sale of the property to generate seed Budget, Accounting and Audit Requirements. money for the purchase of other developable lands or the commencement of development ini- D Members of the EDIC Board of Director have tiatives elsewhere in Mashpee. met on two occasions with the Cape Cod Commission. The first meeting being with The The Economic Development Programs that were Executive Director of the Commission Paul incorporated in the Grant Request to the CCEDC is as Niedzwicki and the subsequent meeting was follows: with personnel of the Planning and Economic y Establishing a marketing strategy for EDIC and Development Departments'. The purpose of these meetings was to inquire into the procedure Town owed properties that could be offered for sale and/or lease to technology, industrial and/or whereby the Town of Mashpee and /or the EDIC could enter into a Development commercial enterprises. Primary property to be Agreement with the Cape Cod Commission developed would be the Town owned land of 107