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Valley CDC Maple St Resolution to Mayor December 8, 2008 Upon the recommendation of Mayor Clare Higgins and the Community Preservation Committee. BE IT ORDERED WHEREAS, the project preserves eleven units of very-low income affordable housing. WHEREAS, there has been a significant decline in single-room occupancy housing in Northampton over the past several decades. WHEREAS, the Housing Partnership has identified the creation and preservation of single room occupancy units as their highest priority. WHEREAS, the Valley Community Development Corporation has an excellent record of preserving and creating sustainable housing projects. WHEREAS, on December 3, 2008, the Northampton Community Preservation Committee voted 5-2 to recommend $250,000 in Community Preservation Act funds be used to support this project. NOW, THEREFORE BE IT ORDERED, $ That 250,000 be appropriated from Community Preservation Act funding to the Valley Community Development Corporation for the preservation of eleven single-room occupancy units on Maple Street. And, that the grantee meets the conditions substantially approved by the Community Preservation Committee, the Mayor, and City Council. Specifically, $250,000 is appropriated from the CPA Budgeted Reserve (account #2344930- 359930).