Question 2. Shall the Town of Templeton accept sections 3 to 7, inclusive of

Chapter 44B of the General Laws, as proposed by a petition signed

by at least five percent of the registered voters of this town, a

summary of which appears below?

YES_____ NO____

SUMMARY:

Sections 3 to 7 of Chapter 44B of the General Laws of Massachusetts, also

known as the Community Preservation Act (“Act”), establishes a dedicated

funding source to acquire, create and preserve open space and land for

recreational use; acquire, preserve, rehabilitate and restore historic resources;

acquire, create, preserve and support community housing; and to rehabilitate

and restore open space, land for recreational use and community housing that

is acquired or created in accordance with the Act. In Templeton, the Act will

be funded, beginning in Fiscal Year 2008, by an additional surcharge of 3%

on the annual tax levy on real property and by matching funds provided by the

state. The following exemptions from such surcharge, permitted under Section

3(e) of said Act, will apply: (1) property owned and occupied as a domicile by

a person who would qualify for low income housing or low or moderate

income senior housing in the Town; (2) $100,000 of the value of each taxable

parcel of residential real property. A taxpayer receiving a regular property tax

abatement or exemption will also receive a pro rata reduction in surcharge.

A Community Preservation Committee must be created pursuant to by-law

and will make recommendations on the use of the funds. Town Meeting must

approve any such recommendations before funds can be expended. At least

10% of the funds for each fiscal year must be spent or reserved for later

spending for each of the Act’s three purposes: (1) open space (but excluding

land for recreational use); (2) historic resources; and (3) community housing.

All expenditures pursuant to the Act will be subject to an annual audit.

The above passed at the ballot on May 7, 2007 yes - 561 / no 476

from the 2007 Templeton Annual Town Report

Jeff Bennett