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Southborough trustees, CPC agree draft warrant language to transfer affordable-housing funds; chair authorized to accept nonmaterial edits
Summary
The Community Preservation Committee and the Board of Trustees of the Affordable Housing Trust approved draft warrant language to transfer funds from the town's Community Preservation Act account to the newly populated Affordable Housing Trust, subject to nonmaterial edits by town counsel and committee designees.
Southborough's Community Preservation Committee and the Board of Trustees of the Affordable Housing Trust on March 5 approved draft warrant language to transfer CPA funds to the trust, with leaders authorized to accept nonmaterial edits from town counsel before the article goes to Town Meeting.
The action follows months of coordination after trustees populated the Affordable Housing Trust in January. At the meeting, trustees and CPC members worked through draft article language and sought to replicate the protections of a grant agreement inside the warrant article because town counsel said he would not use a separate memorandum of agreement. "I think the cleanest way to go is take all the language that we like out of a grant agreement and simply insert it right into the warrant article," said Ben Smith, a…
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