DECLARATION OF TRUST DECLARATION OF TRUST
CITY OF SALEM AFFORDABLE HOUSING TRUST
This Declaration of Trust is hereby made on this IV4 day of StAmIM 2007, by
the City of Salem acting by and through its City Council, as approved by 6ty Ordinance Chapter
2, Article IV Boards, Commissions, Committees and Authorities,Division 14, Affordable
Housing Trust Funds Board of Trustees on October 31, 2006.
ARTICLE FIRST: Name of the Trust
The Trust shall be called the "City of Salem Affordable Housing Trust Fund".
ARTICLE SECOND: Purpose
The purpose of the Trust shall be to provide for the preservation and creation of affordable
housing in the City of Salem for the benefit of those low- and moderate-income households. In
furtherance of this purpose, the Trustees are hereby authorized, in accordance with the
procedures set forth herein, to acquire by gift, purchase or otherwise real estate and personal
property, both tangible and intangible, of every sort and description; to use such property, both
real and personal, in such manner as the Trustees shall deem most appropriate to carry out such
purpose, provided however, that all property held by the Trust and the net earnings thereof shall
be used exclusively for the preservation and creation in the City of Salem of affordable housing
for the purposes for which this Trust was formed.
ARTICLE THIRD: Trustees
There shall be a Board of Trustees (Board) composed of twelve Trustees, including the Mayor,
City Council President and two members of the City Council. The Mayor shall serve as a
Trustee and appoint annually in January, subject to confirmation by the City Council,four
Trustees who shall serve for a term of one year; and appoint biennially, subject to confirmation
by City Council, four Trustees who shall serve for a term of two years. The City Council shall
annually elect two members of the City Council to serve for a term of one year. The City
Council President or his or her designee shall serve for a term of one year. No Trustee,
excluding the Mayor, shall serve for a term exceeding two years. If a vacancy shall occur among
the Trustees, it shall be filled in the same manner as the original appointment for the unexpired
term. Trustees may be removed by a majority vote of the City Council, subject to approval of
the Mayor. Any Trustee who ceases to be a resident of the City of Salem shall cease to be a
Trustee hereunder and shall promptly provide a written notification of the change in residence to
the Board and to the City Clerk. Any Trustee may resign by written instrument signed and
acknowledged by such Trustee and duly filed with the City Clerk. Upon the appointment of any
succeeding Trustee and the filing of such appointment the title to the Trust estate shall thereupon
and without the necessity of any conveyance be vested in such succeeding Trustee jointly with
the remaining Trustees. Reference to the Trustee shall mean the Trustee or Trustees for the time
being hereunder.
ARTICLE FOURTH: Meetings of the Trust
The Trust shall meet at least quarterly at such time and at such place as the Trustees shall
determine. Notice of all meetings of the Trust shall be given in accordance with the provisions
of the Open Meeting Law, G.L. Chapter 39 Sections 23A, 23B and 23C. A quorum at any
meeting shall be a majority of the Trustees qualified and present in person.
ARTICLE FIFTH: Powers of the Trustees
The Board of Trustees shall have the following powers which shall be carried out in accordance
with and in furtherance of the provisions of G.L. Chapter 44, Section 55C:
(1)to accept and receive property,whether real or personal,by gift, grant,devise, or transfer
from any person, firm, corporation or other public or private entity, including without limitation
grants of funds or other property tendered to the Trust in connection with provisions of any
zoning ordinance or by-law or any other ordinance or by-law;
(2) to purchase and retain real or personal property, including without restriction investments that
yield a high rate of income or no income;
(3)to sell, lease, exchange, transfer or convey any personal,mixed, or real property at public
auction or by private contract for such consideration and on such terms as to credit or otherwise,
and to make such contracts and enter into such undertaking relative to Trust property as the
board deems advisable notwithstanding the length of any such lease or contract;
(4)to execute, acknowledge and deliver deeds, assignments, transfers, pledges, leases,
covenants,contracts, promissory notes,releases and other instruments sealed or unsealed,
necessary, proper or incident to any transaction in which the board engages for the
accomplishment of the purposes of the Trust;
(5) to employ advisors and agents, such as accountants, appraisers and lawyers as the board
deems necessary;
(6)to pay reasonable compensation and expenses to all advisors and agents and to apportion
such compensation between income and principal as the board deems advisable;
(7)to apportion receipts and charges between incomes and principal as the board deems
advisable, to amortize premiums and establish sinking funds for such purpose, and to create
reserves for depreciation depletion or otherwise;
(8)to participate in any reorganization, recapitalization, merger or similar transactions; and to
give proxies or powers of attorney with or without power of substitution to vote any securities or
certificates of interest; and to consent to any contract, lease, mortgage, purchase or sale of
property, by or between any corporation and any other corporation or person;
(9)to deposit any security with any protective reorganization committee, and to delegate to such
committee such powers and authority with relation thereto as the board may deem proper and to
pay, out of Trust property, such portion of expenses and compensation of such committee as the
board may deem necessary and appropriate;
(10) to carry property for accounting purposes other than acquisition date values;
(11) to borrow money on such terms and conditions and from such sources as the board deems
advisable, to mortgage and pledge Trust assets as collateral;
(12) to make distributions or divisions of principal in kind;
(13) to comprise, attribute, defend,enforce, release, settle or otherwise adjust claims in favor or
against the Trust, including claims for taxes, and to accept any property, either in total or partial
satisfaction of any indebtedness or other obligation, and subject to the provisions of this act, to
continue to hold the same for such period of time as the board may deem appropriate;
(14) to manage or improve real property; and to abandon any property which the board
determined not to be worth retaining;
(15)to hold all or part of the Trust property uninvested for such purposes and for such time as
the board may deem appropriate; and
(16) to extend the time for payment of any obligation to the Trust.
The power and duties enumerated above are intended to encompass all powers and duties of the
Trustees. Any action, power or duty not enumerated above shall require prior approval of the
City Council.
ARTICLE SIXTH: Funds Paid to the Trust
Notwithstanding any general or special law to the contrary, all moneys paid to the Trust in
accordance with any Zoning Ordinance, exaction fee, or private contribution shall be paid directly
into the Trust and need not be appropriated or accepted and approved into the Trust. General
revenues appropriated into the Trust become Trust property and these funds need not be further
appropriated to be expended. All moneys remaining in the Trust at the end of any fiscal year, whether
or not expended by the board within one year of the date they were appropriated into the Trust,
remain Trust property.
ARTICLE SEVENTH: Acts of Trustees
A majority of Trustees may exercise any or all of the powers of the Trustees hereunder and may
execute on behalf of the Trustees any and all instruments with the same effect as though executed by
all the Trustees. No Trustee shall be required to give bond. No license of court shall be required to
confirm the validity of any transaction entered into by the Trustees with respect to the Trust Estate.
ARTICLE EIGHTH: Liability
Neither the Trustees nor any agent or officer of the Trust shall have the authority to bind the City,
except in the manner specifically authorized herein. The Trust is a public employer and the Trustees
are public employees for the purposes of G.L. Chapter 268A. The Trust shall be deemed a municipal
agency and the Trustees special municipal employees for the purposes of G.L. Chapter 268A.
r
ARTICLE NINTH: Taxes
The Trust is exempt from G.L. Chapter 59 and 62, and from any other provisions concerning
payment of taxes based upon or measured by property or income imposed by the Commonwealth or
any subdivision thereto.
ARTICLE TENTH: Custodian of Funds
The City Treasurer shall be the custodian of the funds of the Trust. The books and records of the
Trust shall be audited annually by an independent auditor in accordance with accepted accounting
practices for municipalities.
ARTICLE ELEVENTH: Governmental Body
The Trust is a governmental body for purposes of Sections 23A, 23B and 23C of G.L. Chapter 39.
ARTICLE TWELFTH: Board of the City
The Trust is a board of the City for purposes of G.L. Chapter 30B and Section 15A of G.L. Chapter
40; but agreements and conveyances between the Trust and agencies, boards, commissions,
authorities, departments and public instrumentalities of the City shall be exempt from said Chapter
30B.
ARTICLE THIRTEENTH: Duration of the Trust
This Trust shall be of indefinite duration, until terminated in accordance with applicable law. Upon
termination of the Trust, subject to the payment of or making provisions for the payment of all
obligations and liabilities of the Trust and the Trustees, the net assets of the Trust shall be transferred
to the City and held by the Mayor for affordable housing purposes. In making any such distribution,
the Trustees may, subject to the approval of the Mayor, sell all or any portion of the Trust property
and distribute the net proceeds thereof or they may distribute any of the assets in kind. The powers
of the Trustees shall continue until the affairs of the Trust are concluded.
ARTICLE FOURTEENTH: Authorization
The Trustees are authorized to execute, deliver, and record with the Registry of Deeds any
documents required for any conveyance authorized hereunder.
ARTICLE FIFTEENTH: Rules and Regulations
The Board may adopt such rules and regulations as required to conduct its affairs, and in keeping
with the provisions and intent of G.L. Chapter 44, Section 55C.
ARTICLE SIXTEENTH: Titles
The titles to the various Articles herein are for convenience only and are not to be considered part of
said Articles nor shall they affect the meaning or the language of any such Article.
ARTICLE SEVENTEENTH:
The Trustees shall keep a record of its doings -and at the close of every fiscal year, make a report
thereof to the City Council. The report shall include a description and source of funds received and
expended and the type of affordable housing programs or properties assisted with the funding. The
Trustees shall also provide the City Council with a copy of the Trust's annual audit.
ARTICLE EIGHTEENTH: Amendment
This Trust may be amended from time to time by vote of at least seven members of the Board and
approved by both the Mayor and City Council, provided, however, that no such amendment shall
violate the purposes of this trust, nor of G.L. Chapter 44, Section 55C.
ARTICLE NINETEENTH: Validity
If any provision of this trust shall be deemed illegal or unenforceable by final Judgment, order or
decree by a Court of competent jurisdiction, the remaining provisions of this trust shall not be
affected thereby.
The Mayor, for herself and her successors, hereby acknowledge and agree to the terms of
this Trust, and the Trustees named hereunder, hereby acknowledge and agree for themselves and
their successors to hold the Trust property for the purposes hereof in Trust for the benefit of all
of the inhabitants of the City of Salem, Massachusetts, in the manner and under the terms and
conditions set forth here in.
Witness execution under seal this day of 2007.
Kimberly Drisc 1, yor Jennifer M. Raitt,Trustee
Matthew A. Veno, Councillor Michel Northcutt,Trust
Lucy Corchado, Councillor k a Teen Bur e, n-
Jean M. Pelletier, Councillor Chad A. Colarusso, Trustee
Mir T. Dennesen, Trustee
Mary R. Lauby,Trustee
Leonette M. Strout,Trustee
Trustee
COMMONWEALTH OF MASSACHUSETTS
ESSEX,SS
On this IAday of , 2007, before me,the undersigned notary public,
personally appeared �n ri5co i' aw' A40A 0eSeK,tal" k
proved to me through satisfactory evidence of identification, which was Akyachut t gEre.fi
qvj,3.nG Ca'«Kse • , to be the person whose name is signed on the preceding or
attached document, and acknowledged to me that he/she signed it voluntarily for its stated
purpose.
�AANK TAORMMA
i - Notary Public
' Con mpweam of Massachusetts
My comm"ion Expires Notary ublic
°=� Nuit 27,2012 My commission expires:
City of Salem
In the ear two thousalyd rr/tll si_r
Arr Ordinance to amend an Ordinance relative to Boards, Conrrrussiorrs, Committee's and
Authorities
Be it ordained by the City Council of the City of Salem, as follows:
Section 1. Chapter 2, Article IV Boards, ConlnllsslOi]S, COII11111tteeS aIld Alltl]orIt1GS is hereby
amended by adding a new Division as follows:
"Division 14. Affordable Housing Trust Fund Board of Trustees
See. 2-1000. Established.
Tifie Affordable Housing Trust Fund Board of Trustees is established.
Sec. 2-1001. Composition.
The Affordable Housing Trust Fund Board of Trustees shall be composed of twelve including the Mayor and two members of the City Council. trustees,
Sec. 2-1002. Appointment of Trustees; Term; Vacancies
The Mayor shall serve as a trustee and appoint annually in January, subject to confirmation by
the City Council, four trustees who shall serve for a term of one year and appoint biennially,
subject to confirmation by the City Council, four trustees who shall serve for a term of two years.
The City Council shall annually elect two members of the City Council to serve for a term of one
year. The City Council President or his or her designee shall serve for a term of one year. No
trustee, excluding the Mayor, shall serve for a term exceeding two years. If a vacancy shall occur
among the trustees, it shall be filled in the same manner as the original appointment for the
unexpired term.
Sec.2-1003. Compensation.
The trustees shall serve without compensation.
Sec.2-1004. Removal.
Trustees may be removed by a majority vote of the City Council, subject to approval of the
Mayor.
Sec. 2-1005. Pu,%-crs and [)[,ties.
The trustees shall administer an Aflilydable Housint> Trust F2Ind to hro , i,le f)I- tl"c rlc aioIl r_:3.1
pI"GSCCv'at1011 oftlffol"dahIC I]OLIS111(-) wIthin the City of Salclll Ior the benefit o1 to"v to nloderate
iileomc: households.
The specific provers and duties ofthe trustees, all of which shall be carried on in furtherance of-
tile purposes set forth in this ordinance. are as follows:
(1) to accept and receive property, whether real or personal, by gift, grant, devise, or transfer
from any person, firm, corporation or other public or private entity, including without limitation
grants of funds or other property tendered to the trust in connection with provisions of any
zoning ordinance or by-law or any other ordinance or by-law;
(2) to purchase and retain real or personal property, including without restriction investments that
yield a high rate of income or no income;
(3) to sell, lease, exchange, transfer or convey any personal, mixed, or real propertv at public
auction or by private contract for such consideration and on such terms as to credit or otherwise,
and to make such contracts and enter into such undertaking relative to trust property v as the board
deems advisable notwithstanding the length of any such lease or contract;
(4) to execute, acknowledge and deliver deeds, assignments, transfers, pledges, leases;
covenants, contracts, promissory notes, releases and other instruments sealed or unsealed,
necessary, proper or incident to any transaction in which the board engages for the
accomplishment of the purposes of the trust;
(5) to employ advisors and agents, such as accountants, appraisers and lawyers as the board
deems necessary;
(6) to pay reasonable compensation and expenses to all advisors and agents and to apportion
such compensation between income and principal as the board deems advisable;
(7) to apportion receipts and charges between incomes and principal as the board deems
advisable, to amortize premiums and establish sinking funds for such purpose, and to create
reserves for depreciation depletion or otherwise;
(8)to participate in any reorganization, recapitalization, merger or similar transactions; and to
give proxies or powers of attorney with or without power of substitution to vote any securities or
certificates of interest; and to consent to any contract, lease, mortgage, purchase or sale of
property, by or between any corporation and any other corporation or person;
(9) to deposit any security with any protective reorganization committee, and to delegate to such
committee such powers and authority with relation thereto as the board may deem proper and to
pay, out of trust property, such portion of expenses and compensation of such committee as the
board may deem necessary and appropriate;
f
to rrrr} prcnccitN liir aCc01111111711� hur-poses other than acquisition date V aluCs:
to borro%v7 moncN, can such terms and conditions and liom such sources as the board deems
advisahlc, to m��<tnar�c ..nd 1)icdt-,c trust <rsscts as collaier-al:
(12) to make distributions or divisions of principal in kind;
(13) to comprise, attribute, defend, enforce, release, settle or other«ise adjust claims in favor or
against the trust, including claims for taxes, and to accept any property, either in total or partial
satisfaction of any indebtedness or other obligation, and subject to the provisions of this act, to
continue to hold the same for such period of time as the board may deem appropriate;
(14) to manage or improve real property; and to abandon any property which the board
determined not to be worth retaining;
(15) to hold all or part of the trust property uninvested for such purposes and for such time as the
board may deem appropriate; and
(I 6) to extend the time for payment of any obligation to the trust.
The powers and duties enumerated above are intended to encompass all powers and duties of the
trustees. Any action, power or duty not enumerated above shall require prior approval of the city
council.
Sec. 2-1006 Records; Annual Report.
The trustees shall keep a record of its doings and at the close of every fiscal year make a report
thereof to the City Council. The report shall include a description and source of funds received
and expended and the type of affordable housing programs or properties assisted with the
funding. The trustees shall also provide the city council with a copy of the trust's annual audit.
State law reference: M.G.L.A. c. 44, s. 55C. "
Section II. This Ordinance shall take effect as provided by City Charter.
In City Council October 12, 2006
Adopted for first passage
In City Council October 26, 2006
Adopted for second and final passage
Approved by the Mayor on October 31, 2006
� � c
ATTEST: t`
CHERYL A. LAPOINTE
CITY CLERK
MEMORANDUM OF UNDERSTANDING
( The parties to this Memorandum of Understanding are the City
of Salem, a duly established municipal government entity acting by
and through its Mayor (hereinafter called the "City") , John M.
Corcoran & Company, a corporation duly organized and existing under
the laws of the Commonwealth of Massachusetts, its successors or
assigns (hereinafter called the "Developer", which term shall also
include any person or entity seeking to construct dwelling units
upon the property on Highland Avenue and First Street hereinafter
delivered) , and Hillcrest Realty Trust II, u/d/t dated August 24,
1998 and recorded with the Essex South District Registry of Deeds
in Book 15096, Page 232, and filed with the Land Court Department
of said Registry as Document No. 347342 on Certificate of Title No.
69756 (hereinafter called the "Owner") , acting through its duly
authorized Trustee, owner of the property which is the subject of
this Memorandum of Understanding, and which is further described in
the Legal Description of Property attached hereto as Exhibit "A",
being a portion of the land described in Land Court Certificate of
Title 69756 (hereinafter called the "Property") .
All three parties mutually agree as follows:
1 . That this Memorandum of Understanding shall be filed with
Certificate of Title No. 69756 upon its execution by all parties
and upon the final vote by the Salem City Council approving a
zoning change for the Property from its present zone to the R-3
( multi-family dwelling designation, and the expiration of any appeal
period of such zoning change, with no appeal being filed and the
change in zoning being final.
2 . The Developer agrees that, upon the completion of all
necessary permitting and the issuance of a building permit for a
multi-family residential project of approximately 108 units, it
will pay the sum of $50, 000. 00 to the City. A further sum of
$50, 000.00 shall be paid to the City upon obtaining certificates of
Occupancy for one-half of the number of units described in the
plans filed with the application for the building permit. A final
installment of $50, 000. 00 shall be paid to the City upon issuance
of the final Certificate of Occupancy for the entire project, as
described in' plans filed with the application for the building
permit.
3 . The City shall allocate $100, 000. 00 of the amount paid to
it by the Developer for use towards the improvement of the water
system serving the area of Highland Avenue, in which the property
is located. The remaining balance of $50, 000. 00 shall be allocated
for use by the Affordable Housing Trust Fund to be managed by the
City in accordance with all applicable laws and for a comprehensive
study of affordable housing in the City. If, by completion of the
Developer' s project, a so-called Affordable Housing Trust Fund has
not been established by the City, said sum shall be held by the
City in a separate account for affordable housing pending
establishment of the Trust. The total contribution by the
Developer in connection with this project, i. e. , improvement of
water service and contribution to the Housing Trust Fund for
affordable housing, shall not exceed $150, 000. 00.
1
4 . The Owner acknowledges this agreement and agrees that
this Memorandum of Understanding shall be filed against the
property at the Essex South District Registry of Deeds, as may be
required by the rules pertaining to registered and unregistered
land and shall run with the land until completion of the
obligations herein.
5. Upon completion of the project and the payments as above
described above, the City, through the office of the City
Solicitor, shall issue a notice suitable for recording on both the
registered and unregistered side, stating that the terms of this
Memorandum of Understanding have been fully complied with and all
obligations of the Memorandum of Understanding, as they pertain to
all the parties, have been satisfied and discharged.
WITNESS our hands and seals this 125 day of March, 2003.
CITY OF SALEM
By:
Stanley J ovi Jr. , or
Duly Auth 1 ed
JOHN M. CORCORAN & COMPANY
By:
Title:
HILLCREST REALTY TRUST II
By ; I z
Vlp et do o, Trustee
2
i
COMMONWEALTH OF MASSACUSETTS
Essex, ss. March 11, 2003
Then personally appeared the above named Stanley J. Usovicz,
Jr. , Mayor of the City of Salem as aforesaid, and acknowledged the
foregoing instrument to be the free act and deed of the City of
Salem, before me,
Nbtary Public
(SEAL) My commission expires:
COMMONWEALTH OF MASSACUSETTS
Essex, ss. March 11, 2003
Then personally appeared the above named ,
as aforesaid, and acknowledged the
foregoing instrument to be the free act and deed of John M.
Corcoran & Company, before me,
Notary Public
(SEAL) My commission expires:
COMMONWEALTH OF MASSACUSETTS
Essex, ss. March 11, 2003
Then personally appeared the above named Ralph Cerundolo,
Trustee as aforesaid, and acknowledged the foregoing instrument to
be his free act and deed, before me,
LiLmL L�iA A- . "
ar Noblic
(SEAL) My commission expires: 3)S-X:)O
1/Corcoran/Memorandum of Understanding Draft 2.21.03, r. 3.4.03, r. 3.5.03, r. 3.7.03, r. 3.11.03
3
4 . The Owner acknowledges this agreement and agrees that
this Memorandum of Understanding shall be filed against the
property at the Essex South District Registry of Deeds, as may be
required by the rules pertaining to registered and unregistered
land and shall run with the land until completion of the
obligations herein.
5 . Upon completion of the project and the payments as above
described above, the City, through the office of the City
Solicitor, shall issue a notice suitable for recording on both the
registered and unregistered side, stating that the terms of this
Memorandum of Understanding have been fully complied with and all
obligations of the Memorandum of Understanding, as they pertain to
all the parties, have been satisfied and discharged.
WITNESS our hands and seals this day of March, 2003 .
CITY OF SALEM
By.
Stanley J. Usovicz, Jr. , Mayor
Duly Authorized
{
JOHN M. CORCORAN & COMPANY
By.
Title : tL'si 9T
HILLCREST REALTY TRUST II
By:
Ralph Cerundolo, Trustee
COMMONWEALTH OF MASSACUSETTS
2
Essex, ss . March 11, 2003
Then personally appeared the above named Stanley J. Usovicz,
Jr. , Mayor of the City of Salem as aforesaid, and acknowledged the
foregoing instrument to be the free act and deed of the City of
Salem, before me,
Notary Public
(SEAL) My commission expires:
COMMONWEALTH OF MASSACUSETTS
Essex, ss . March 11, 2003
Then personally appeared the above named I. ,
/- G N >>>C c5 ic�Gw i as aforesaid, and acknowledged the
foregoing instrument to be the free act and deed of John M.
Corcoran & Company, before me,
Notifry Public
(SEAL) My commission expires:
COMMONWEALTH OF MASSACUSETTS
Essex, ss . March 11, 2003
Then personally appeared the above named Ralph Cerundolo,
Trustee as aforesaid, and acknowledged the foregoing instrument to
be his free act and deed, before me,
Notary Public
(SEAL) My commission expires :
i/corccran/Memorandum of Understanding Draft 2.21. 03, r. 3.4.03, r. 3.5.03, r. 3.7.03, r. 3.11.03
l
3
OD/!74/LOUD 11:LL 7I O f ML JJYO icGPl rna r ii�r.�.c. '+�+c �n
REQUEST TO ISTABLI3S NEW SPECIAL REVENUFARANT ACCOUNT
DgartmerttNtmte: PLANNING & COM UNITY DEVELOP. tNo: 200
GrmtAdminisuatorNUN: C nn G. Duncnu Dopartmnt: riannning
Pmm Reapomble for Reconciling Gtamt: Iulia Medina
Grant 1)pe-Cheek One:
Federal: Fed Pass'1wx Suds: LOW: Coat do Don Unknown
Gmnt Nam: AFFORDABLE•HOUSING PLAN
Amawd of Special Revenue/Grant
Dae of Gnat bcMdon: 4 27/OS
How long will grant be in existence fbr. Unknown
PurposoofGcant: To Deve:lope a Affordable Housing Plan city-wide
Ocher Infonnation:
For Use by Finance Office ORIY:
Fund tl: .�. �_.. Fund Name:
Rt mut Org/Objoct L12L 7
PerSOMWlOrtlObjec C2q ) 3
F_xpendinue+nrg/Objm-f: 7
CFDA#: (FedeMl cnmta nniy)
late
Procass !By:
Approved By:
Finwm Dkeector
Audwng*nnsbpco revenue request form T.ast Revised:4l00
. .
.5-123
RIDGESIDE REALTY LLC MELLON TRUST OF NEW ENGLAND, N.A. 11u
(AGENT)CORCORAN MANAGEMENT CO BOSTON, MA
100 GRANDVIEW ROAD SUITE 207 NO: 1236
BRAINTREE, MA 02184
(781) 849-0011
DATE VOID AFTER 90 DAYS
o �04/14/05 *******$50, 000 . 00
u
e PAY FIFTY THOUSAND AND N0/100 DOLLARS
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TO THE CITY OF SALEM
ORDER
OF
AUTHORIZED SIGNA RE
SIGNATURE HAS A COLORED BACKGROUND•BORDER CONTAINS MICROPRINTING
1110O L 2 3611' i:0 L L 0 0 L 2 3 41: "I S 6 811 5 8 0 111 6ii'
A.D. Form 9
• CITY OR TOWN
SCHEDULE OF DEPARTMENTAL PAYMENTS TO TREASURER
No. Dept. _`��F %>r — Date 201
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FROM WHOM DESCRIPTION&ACCOUNT NUMBER AMOUNT TOTAL
THE COMMONWEALTH OF MASSACHUSETTS,DEPARTMENT OF CORPORATIONS AND TAXATION,BUREAU OF ACCOUNTS
To the Accounting Officer: -- f`• iri-%
The above is a detailed list of moneys collected by me,
amounting in the aggregate to
—�e—�rN Llars'
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i ,e ending which
I have paid to the Treasurer, whose receipt I hold therefore.
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Cit of Salem .
In the year Two Thousand and Eighteen � � j 8
C^pT
An Ordinance to amend an ordinance relative to the Affordable Hous,1344rM,0 und;Board of
Trustees Y°t ti"�L�r �
Ervr
Be it ordained by the City Council of the City of Salem, as follows:
SECTION 1. Sec. 2-1005. — Powers and Duties of Chapter 2, Article IV, Div. 14—Affordable
Housing Trust Fund Board of Trustees is hereby amended by adding the following new power
and duty:
"(17)To study, evaluate, and recommend policies, programs, practices, ordinances, and
similar measures to increase and maintain the availability of affordable and workforce housing in
the City of Salem."
SECTION 2. This ordinance shall take effect as provided by City Charter.
In City Council January 25, 2018
Referred to the Committee on Ordinances, Licenses and Legal Affairs co-posted with the
Committee of the Whole
In City Council February 22, 2018
Matter Remain in Committee
In City Council November 15, 2018
Adopted for first passage
In City Council December 6, 2018
Adopted for second and final passage
Approved by the Mayor on December 10, 2018
ATTEST: ILENE SIMONS
CITY CLERK