[HISTORY: Adopted by the Annual Town Meeting of the Town of Yarmouth 4-10-2007 by Art. 22, approved 7-31-2007. Amendments noted where applicable.]
As authorized by MGL c. 44, § 55C, the Board of Selectmen shall appoint five Trustees, one of whom shall be the Yarmouth Town Administrator who shall act as Chairman and shall have a vote. The remaining four Trustees shall be appointed for two-year staggered terms.
The Trust shall have the authority as outlined in MGL c. 44, § 55C. The Selectmen member of the Trust shall report to the full Board of Selectmen on purchases or sales of real property.
[Amended 10-17-2011 STM by Art. 6, approved 10-24-2011]
In addition, the Affordable Housing Trust shall have the following duties:
The Trust shall oversee such funds and use the funds to create and preserve affordable housing opportunities in the Town of Yarmouth.
The Trust shall work with the Town's Affordable Housing Committee to develop an affordable housing plan, which shall be updated each year and a copy presented to the Board of Selectmen.
A member may be removed from the Trust by the Board of Selectmen by a majority vote after a public meeting or by failure to reappoint.