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Motion: I move the Town vote to approve Article 3 as printed in the Warrant, with the exception of the phrase "or take any other action in relation thereto." Motion passes unanimously at 7:12 PM. Article 4 To see if the Town will vote to appropriate and transfer, pursuant to the provisions of M.G.L. Chapter 44B, §6 to Reserve from the Community Preservation Fund Balance for Appropriation the following amounts: $18,375 10% for Open Space/ Recreation Purposes $18,375 10% for Historic Purposes $18,375 10% for Community Housing Purposes or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This is a clean-up article to meet the requirement of reserving funds from the supplemental CPA FY 2016 Trust Fund distribution. After receiving additional CPA funding from the FY 2016 State budget, a total of $183,752, the annual 10% appropriation is required to be set aside to the Community Preservation Reserves. Funding shall derive from the Community Preservation Fund Balance for this purpose. The Community Preservation Committee voted unanimously 9-0 in support of this article. The Board of Selectmen recommends Town Meeting approval by a vote of 5-0. The Finance Committee recommends Town Meeting approval by a vote of 5-0. Motion made by Selectman Thomas O'Hara. Motion: I move the Town vote to appropriate and transfer, pursuant to the provisions of M.G.L. Chapter 44B, §6 to Reserve from the Community Preservation Fund Budgeted Reserve the following amounts: $18,375 10% for Open Space/ Recreation Purposes $18,375 10% for Historic Purposes $18,375 10% for Community Housing Purposes Motion passes unanimously at 7:13 PM. Article 5 To see if the Town will vote to appropriate and transfer $330,000 from the Community Preservation Fund Affordable Housing Reserve, in accordance with the provisions of M.G.L. Chapter 40B, §5 for the purpose of funding the Mashpee Housing Assistance Program for a (3) three-year period, by way of a CPA award of $110,000 per year, including any necessary costs and expenses related thereto, as recommended by the Community Preservation Committee, or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This article seeks funding from the Community Preservation Fund to assist the Mashpee Housing Authority in the continuation of the Housing Assistance Program for an additional (3) three-year period, a CPA award of $110,000 per year, a total of $330,000. The program would encompass housing assistance in one or more of the following areas: • Ongoing, short-term rental assistance (12-24 months) • One-time assistance for first/last/security deposits • One-time emergency assistance for rent • Mortgage assistance for short-term (1-3 months) • Down payment assistance for first-time home - buyers. The initial three-year Mashpee Housing Assistance Program was funded by the CPA in May of 2012. During the funding period, a total of 70 residents were served and approximately 35 residents were on the wait list for funding. The majority of the participants received assistance from the ongoing, short-term rental assistance program. Renters participating in this program pay rent according to their income. Renters receive counseling, and goals are established to assist the applicant in working towards self-sufficiency. The Mashpee Housing Assistance Program provides support to low income residents, and offers support to those who are in need as a result of a prolonged illness, loss of employment, divorce or other family or personal crisis. Some of the programs are offered as loans, others such as the rental assistance program are grant funded. Approximately 70% of the program 43