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12-06-2022 CLEAN Draft Regulatory Agreement- DocksideREGULATORY AGREEMENT 110 School Street and 115 School Street, HYANNISThis Regulatory Agreement ("Agreement") is entered into by and between the applicant, Shoestring Properties, LLC(the "Applicant" and/or "Developer"), a Massachusetts limited liability company with a mailing address of 297 North Street, Hyannis, Massachusetts 02601, and the Town of Barnstable (the "Town"), a municipal corporation with a mailing address of 367 Main Street, Hyannis, MA 02601, on this ____day of __________, 2022, pursuant to Section 240-24.1 of the Barnstable Zoning Ordinance and Chapter 168 of the Code of the Town of Barnstable.WITNESSETH:WHEREAS, this Agreement shall establish the following: permitted uses, densities, and traffic within the proposed Redevelopment (as defined herein), the duration of this Agreement, and any other terms and conditions mutually agreed upon between the Applicant and the Town;WHEREAS,pursuant to section 168-3 of the Code of the Town of Barnstable, the Town of Barnstable is authorized to enter into a Regulatory Agreement with a qualified applicant within the Downtown Implementation District as the Town's Local Comprehensive Plan has been certified by the Cape Cod Commission as consistent with the Regional Policy Plan and saidcertification has not been revoked, and the Town has adopted the enabling regulation containedin § 168-1 through 168-10;WHEREAS, Developer is the owner of the properties at 110 School Street, Hyannis, Massachusetts consisting of 32,870+/- square feet (0.75+/- acres), shown on Town of Barnstable Assessor’s Map 326 as Parcel 121 and 115 School Street (formerly 53 South Street), Hyannis, Massachusetts consisting of 24,820+/- square feet (0.57+/- acres), shown on Town of Barnstable Assessor’s Map 326 as Parcel 125. Collectively, the two parcels are referred to herein as “the Property”;WHEREAS, the parcelat 110 School Street is developed with a two-story building consisting of approximately 6,636 square feet, operating as a restaurant on the first floor with three residential apartments on the second floor and the parcel at 115 School Street is a vacant lot used as a parking lot;WHEREAS, the Property has frontage on South Street to the north and is bisected by School Street and has access to School Street;WHEREAS, the Property consists of approximately 57,690 square feet of land and is located in the HD Harbor District zoning district; the Hyannis Main Street Waterfront Historic District; and the Aquifer Protection Overlay District;WHEREAS, Developer proposes to: redevelop the property by removing the existing restaurant, parking lot, retaining walls, foundation remnants, and subsurface drainage and construct thirty-four (34) condominium units in two (2) buildings. The units will consist of twenty-two 3-bedroom units and twelve (12) 2-bedroom units. A total of 70 parking spaces will be provided. At least one parking space for each condominium unit will be located in underground garages beneath the condominium units. Some guest parking will be available in the underground garages and additional guest parking will be provided at street level. Also to be constructed are two (2) trash sheds; a swimming pool with pool deck; and a courtyard area. Sidewalks along the property frontage on South Street and sidewalks running from South Street along each side of School Street to the end of the property are to be constructed. New lighting and landscaping, all as shown on the Redevelopment Plans listed below in paragraph 2; WHEREAS, the Redevelopment is consistent with the Town of Barnstable's Design and Infrastructure Plan in that the proposed project provides sidewalksrunning along the Property frontage on South Street and along each side of School Street to the end of the Property; the scale, placement, materials, design, and details of the re-developed building comply with the Design and Infrastructure Plan guidelines; and the project provides the infrastructure necessary to support the project;WHEREAS, the Town and Applicant desire to set forth in this Agreement their respective understandings and agreements with regard to the Redevelopment;WHEREAS, the Applicant is willing to commit to the reuse of the Property in accordance with this Agreement and desires to have a reasonable amount of flexibility to carry out the reuse and therefore considers this Agreement to be in its best interests;WHEREAS, this Agreement shall vest land use development rights in the property for the duration of the agreement, and such rights shall not be subject to subsequent changes inlocaldevelopment ordinances, with the exception of changes necessary to protect the publichealth,safety or welfare; WHEREAS, the Redevelopment will not require regulatory review under the Massachusetts Environmental Policy Act (MEPA);WHEREAS, the Property is located in the Downtown Hyannis Growth Incentive Zone (GIZ) as originally approved by the Cape Cod Commission by decision dated April 6, 2006 and re-designated by decision dated April 19, 2018, and as authorized by Barnstable County Ordinance 2005-13, as amended by Barnstable County Ordinance 10-19, 14-05, 17-11, and 18-11, Chapter G, Growth Incentive Zone Regulations of the Cape Cod Commission Regulations of General Application;WHEREAS, the Redevelopment is not subject to review by the Cape Cod Commission as a Development of Regional Impact due to its location in the GIZ and due to the adoption of Barnstable County Ordinance 2006-06 establishing a cumulative development threshold within the GIZ, under which this Redevelopment may proceed;WHEREAS, the Redevelopment has undergone formal site plan review and the Town of Barnstable Site Plan Review Committee determined the Redevelopment Plans approvable by decision dated February 8, 2022, and Developer shall submit final plans consistent with the terms and conditions contained in this Agreement to the Building Commissioner to determine whether any modifications to the Site Plan Review approval are necessary prior to any building permits being issued for the Redevelopment;WHEREAS, the Redevelopment proposal has undergone formal review by the Hyannis Main Street Waterfront Historic District Commission on February 16, 2022 and received a Certificate for Demolition or Removal to tear down the existing building located at 110 School Street;WHEREAS, the Redevelopment proposal has undergone formal review by the Hyannis Main Street Waterfront Historic District Commission on February 16, 2022andreceived aCertificate of Appropriateness for the proposed buildings. The issuance of the Certificate of Appropriateness was appealed and the Appeals Committee upheld the decision to issue the Certificate of Appropriateness at a meeting on April 26, 2022;WHEREAS, the Redevelopment has undergone formal review by the Town of Barnstable Conservation Commission on June 7, 2022 and the project received approval and an Order of Conditions was issued allowing the project to move forward;WHEREAS, the Redevelopment proposal has undergone a public hearing opened on August 8, 2022and closed on ___________ on the Agreement application and received an affirmative majority vote from the Planning Board on __________, 2022;WHEREAS, the Redevelopment proposal has undergone a public hearing opened on __________ and closed on __________ on the Agreement application before the Barnstable Town Council and has received a two-thirds vote approving the Agreement on ______________, 2022;WHEREAS, this Agreement authorizes only the uses, intensity of uses, and dimensions specified herein. Any substantial deviation from the authorized terms of this Agreement shall require review by the Town Council and Planning Board pursuant to Chapter 168-10 of the Code; NOW, THEREFORE, in consideration of the agreements and covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which each of the parties hereto hereby acknowledge to the other, Developer and the Town do enter into this Agreement, and hereby agree and covenant as follows: Description of Existing and Proposed Conditions: Existing Conditions The Property is developed as follows: The parcel at 110 School Street (“the East Parcel”) contains a two-story building consisting of approximately 6,636 square feet. The first floor is used as a restaurant and the second floor has three residential apartments; The East Parcel has two curb cuts providing access to and from School Street; There is a parking lot with 33 spaces; and There is minimal landscaping. The parcel at 115 School Street (formerly 53 South Street) – (“the West Parcel”) is a gravel parking lot with undefined spaces; The West Parcel has a retaining wall which was part of an old motel building; The West Parcel has an undefined curb cut providing access to and from School Street; and There is no landscaping.Proposed RedevelopmentThe proposed Redevelopment involves development as follows and as shown on the Redevelopment Plans listed below in paragraph 2: On the East Parcel, the restaurant building, retaining walls, parking lot pavement, and subsurface drainage areas will be demolished and removed from the site; A new multi-family housing building containing 18 units will be constructed with the exterior consisting of cement fiber shingles of differing shades of grey with white trim and some stone work; The building will consist of a mixture of 5 two-bedroom condominium units and 13 three-bedroom condominium units; Multiple porches, patio areas, and a pool with patio are to be constructed; An underground parking garage with 33 spaces will be constructed under the building along with 8 parking spaces and a drop-off area at street level; A refuse shed will be constructed off of School Street; All utilities will be placed underground and new granite curbing and a rebuilt 8-foot wide shared-use path will be constructed along the parcel frontage on South Street and a 5-foot wide sidewalk will be constructed along the parcel frontage on School Street; and New drainage facilities will be installed. On the West Parcel, the old motel retaining/foundation wall will be demolished and removed. The subsurface drainage shall be demolished and removed and the overhead wires and poles will be removed; A new multi-family housing building containing16 units will be constructed with the exterior consisting of cement fiber shingles of differing shades of grey with white trim and some stone work; The building will consist of 7 two-bedroom condominium units and 9 three-bedroom condominium units; Multiple porches and patio areas are to be constructed; An underground parking garage with 27 spaces will be constructed under the building along with 2 parking spaces and a drop-off area at street level; A refuse shed will be constructed off of South Street; All utilities will be placed underground and new granite curbing and a rebuilt 8-foot wide shared-use path will be constructed along the parcel frontage on South Street and a 5-foot wide sidewalk will be constructed along the parcel frontage on School Street; New drainage facilities will be installed. The roadway of School Street between the properties will be removed, all utilities placed underground, and a full depth of pavement rebuild with new gravel and granite curbing with four inches of bituminous concrete and new pavement markings installed to town subdivision specifications as indicated on the plans; and Trees and landscape and bollard pedestrian lighting will be installed along the roadway. The intersection of School Street and South Street will be re-built in accordance with the Town of Barnstable Department of Public Works plan entitled “Markups to Applicant’s Plan” which was submitted to the Dockside Condominiums Regulatory Agreement Subcommittee on October 13, 2022. The Developer agrees to construct the Redevelopment on the Property in accordance with the Redevelopment Plans which are submitted herewith and which are entitled as follows: a.“Layout Site Plan of Land in (Hyannis) Barnstable, MA Prepared For Shoestring Properties LLC Date: 1-24-2022, Revised: 2-2-2022 and 6-30-2022 (SPR comments), Revised: 4-12-22 (Formal SPR comments), Revised 8-2-22, Revised 11-30-22” drawn by Down Cape Engineering, Inc., Sheet 1/6;“Landscape Site Plan of Land in (Hyannis) Barnstable, MA Prepared For Shoestring Properties LLC Date: 1-24-2022, Revised: 2-2-2022 and 6-30-2022 (SPR comments), Revised: 4-12-22 (Formal SPR comments), Revised 8-2-22, Revised 11-30-22” drawn by Down Cape Engineering, Inc., Sheet 2/6;“Existing Conditions/Demolition Site Plan of Land in (Hyannis) Barnstable, MA Prepared For Shoestring Properties LLC Date: 1-24-2022, Revised: 2-2-2022 and 6-30-2022 (SPR comments), Revised: 4-12-22 (Formal SPR comments), Revised 8-2-22, Revised 11-30-22” drawn by Down Cape Engineering, Inc., Sheet 3/6;“Utilities Site Plan of Land in (Hyannis) Barnstable, MA Prepared For Shoestring Properties LLC Date: 1-24-2022, Revised: 2-2-2022 and 6-30-2022 (SPR comments), Revised: 4-12-22 (Formal SPR comments), Revised 8-2-22, Revised 11-30-22” drawn by Down Cape Engineering, Inc., Sheet 4/6;“Grading Site Plan of Land in (Hyannis) Barnstable, MA Prepared For Shoestring Properties LLC Date: 1-24-2022, Revised: 2-2-2022 and 6-30-2022 (SPR comments), Revised: 4-12-22 (Formal SPR comments), Revised 8-2-22, Revised 11-30-22” drawn by Down Cape Engineering, Inc., Sheet 5/6;“Detail Sheet to Accompany Site Plan of Land in (Hyannis) Barnstable, MA Prepared For Shoestring Properties LLC Date: 1-24-2022, Revised: 2-2-2022and 6-30-2022 (SPR comments), Revised: 4-12-22 (Formal SPR comments), Revised 8-2-22, Revised 11-30-22” drawn by Down Cape Engineering, Inc., Sheet 6/6; g.”Conservation Planting Plan Scale 1” = 10’0” Sheet L2 Plan Date: 12.07.16 Revisions: Num. 1 Date 7/14/22 Update Planting per elimination of 1 parking space” drawn by Hawk Design, Inc.; “Title Sheet Permit Set Hyannis Dockside Condos 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet T-1; “Building Program First Floor Level 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-011; “Building Program Upper Levels 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-021; “Garage Floor Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-101; “First Floor Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-111; “Second Floor Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-121; “Third Floor Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-131; “Fourth Floor Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-141; “Fifth Floor Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-151; “Roof Plan 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-171; “Building Elevations 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-201; “Building Elevations 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-202; “Building Elevations 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-203; “Building Elevations 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-204; “Building Eave Heights 110 School Street & 115 School Street, Hyannis, MA 02601 Plan Date: 06/29/22, Revised 12/05/22” drawn by Gienapp Architects, Sheet A-210; and Town of Barnstable Department of Public Works plan entitled “Markups to Applicant’s Plan”. Developer shall establish a condominium association or unit owners association to carry out the ongoing maintenance and upkeep of the property and buildings as wellas complying withthe terms and conditions of this Agreement. The association shall include all residential condominium units. The form and content of condominium association documents, including the condominium master deed and association bylaws, shall be approved by the Town of Barnstable Legal Department prior to the sale of any condominium units. Included in the documents will be a prohibition on leasing any unit for a period of less than one month (and no more than one lease in any one year) and a prohibition against subletting any unit; The site shall be landscaped consistent with the landscaping plan identified in paragraph 2, above. All landscaping within the development shall be low water use and shall minimize the use of fertilizers and pesticides; Utilities shall be buried underground within the Property; Priortotheissuanceofthefirstbuildingpermit,theDevelopershallprovidealetter of credit or cash escrow in an amount equivalent to 150% of the total scope of the landscape plan proposed. Said Letter of Credit or cash to be expended on the replacement of landscape materials if such replacement becomes necessary. The letter of credit or cash escrow shall be approved by the Planning and Development Director, said letter of credit or cash escrow to be expended to replace landscape materialsifsuchreplacementbecomesnecessarybecauseofthefailure of Developer or its tenants to do so. An “acceptable” letter of credit is a letter of credit issued by a bank incorporated in the Commonwealth of Massachusetts or currently licensed to do business in the Commonwealth, and having at the time of issue of the letter of credit a Standard & Poor (“S&P”) Rating of "BBB+" or better and/or a Bankrate.com rating of 4-star or better. Further, an acceptable letter of credit shall be approved as to issuer by the Treasurer of the Town of Barnstable and as to form by the Office of the Town Attorney. Any unexpended portion of said letter of credit or cash escrow shall be released by the Planning Board to the Developer or its successor(s), as directed by the Developer, after three years from the date of the landscape installation, such date to be determined by the Building Commissioner, upon the request of theDeveloper; Letter of Credit: To ensure completion of work within public ways and roadway restoration, Developer will provide a Letter of Credit or cash in an amount to be approved by the Planning Board or its designee, said Letter of Credit or cash to be expended on completion of work within the public ways and roadway restoration if completion of such work becomes necessary. Any unexpended portion of said Letter of Credit or cash shall be released by the Planning Board to Developer or his successor(s) after thirty (30) days from the date of the final acceptance of all work within the public ways, such date to be determined by the Town Engineer, upon the request of Developer; All plumbing fixtures in the new unitsshall be low water use fixtures and other water conservation measures are encouraged in the design and development of the project; Consistent with approved plans, Developer shall construct a Passive Stormwater Maintenance and Infiltration System to service the Development.; Developer or its successor will assume all maintenance responsibilities for the Passive Stormwater System servicing the Property, and the landscaping and irrigation at the Property; Developer shall provide calculations demonstrating adequate water flow for fire suppression prepared by a fire protection engineer as required by the Hyannis Fire Department; Developer is responsible for obtaining all applicable permits and licenses, including but not limited to the following: foundation permit, building permit, street excavation permit (necessary for work in all public spaces,), sewer permits and water permits. Only Town of Barnstable approved contractors are allowed to work on Town owned property. Contractors are required to have the insurance stipulated in the Street Excavation Rules and Regulations (SERR) and all work on town property must comply with all provisions of SERR. All work within the public way and public utility services shall be to Town Standards. All plans shall be reviewed and approved by the Department of Public Works prior to initiating any work within the public way; Developer will make best efforts to complete construction work in accordance with a construction schedule and sequencing plan submitted to the Town prior to the commencement of construction. Developer reserves the right to construct the project in two (2) phases. All improvements to public infrastructure shall be completed within in Phase 1 except the final top coat of School Street shall be completed prior to final occupancy for the Project. To the extent construction impacts public property or public rights of passage, changes in the schedule, if needed as work progresses, are subject to the approval of the Town. The construction schedule shall, to the maximum extent feasible, avoid interference with ferry truck traffic. The developer shall notify the Town of Barnstable Planning and Development and the Department of Public Works at least 48 hours in advance of working on Town property. The Developer will be responsible for all construction signage, directional signs, and police officers necessary for the performance of the work; Exterior construction impacts shall be minimized, and construction shall be limited to the hours of 7:00 a.m. to 6:00 p.m. weekdays, and 8:30 a.m. to 2:00 p.m. Saturdays. No exterior construction shall occur on Sundays. The Building Commissioner shall establish protocols to minimize the location of staging, noise, dust, and vibration;During all stages in the demolition, rehabilitation and new construction, all vehicles, equipment and materials associated with the development shall be required to be located off the right of way of South Street and School Street except as may be required to install utilities, and work authorized by this Agreement and as approved by Public Works and then only on a temporary basis;Developer may install a trailer to be used as a construction office during construction of the Development. The location of the trailer on the premises is to be approved by the Town of Barnstable Building Commissioner in cooperation with the Hyannis Fire Department;Developer may install a trailer to be used as a sales office. The location of the trailer on the premises is to be approved by the Town of Barnstable Building Commissioner in cooperation with the Hyannis Fire Department;The Developer shall provide a signage plan for review and approval of the Hyannis Main Street Waterfront Historic District Commission prior to a building permit for permanent signage on Site; To the extent that the referenced plans do not depict all of the findings and conditions as set forth in this Agreement, revised plans and/or notations shall be provided. In addition to permits, plans and approvals listed above, any and all permits and licenses required shall be obtained;Each residential unit shall have at least one dedicated parking space.;The Developer will provide five(5) offsite Housing Rental Units (65% Median Income Qualification) consisting of five 3-bedroom unitswhich will be restricted in perpetuity; The construction of the condominium complex will result in the following benefits to the Town: a. Above ground utility lines will be put underground improving the view looking from South Street toward the harbor. b. The existing sidewalks along South Street and the intersection at South Street and School Street shall be improved as shown on the Town of Barnstable, Department of Public Works Plan entitled ‘Markups to Applicant’s Plan’ attached hereto. c. The existing sidewalks along School Street which do not comply with AmericansWithDisabilities Act requirements will be removed and replaced with compliant sidewalks. The sidewalks will comply with Town of Barnstable requirements forpublic sidewalks. The sidewalks along each side of School Street will beconstructed connecting them to the sidewalks on South Street. Upon completion of construction, the Town will be granted an easement allowing public use of the sidewalks. Said easement shall be reviewed as to form by the Town Attorney and shall be granted in perpetuity and recorded at the Barnstable County Registry of Deeds by the Developer. d. A new water main will be provided which will improve the infrastructure of the Hyannis Water Company and improve the water pressure and volume of water tothe hydrant located near the Town Landing. e. School Street from South Street to the end of the public way near HyannisHarbor will be paved over with a new top coating of asphalt. f. Crosswalks will be provided at the northerly end of School Street where it intersectswith South Street, at the southerly end of the property near the Steamship Authority property; and between the condominium buildings as shown on the plans submitted. g. Vastly improved landscaping along South Street and School Street beautifying thearea. h. Lighting on condominium property maintained by condominium association will provide street lighting along School Street. Currently, there is no street lighting along this portion of School Street; i. Increase in Town property tax revenue. j. New street drains will be installed in School Street and a drainage easement running in favor of the Town of Barnstable will be provided. k. Electric car plug-in stations will be provided. l. All plumbing fixtures in the new units shall be low water use fixtures and other water conservation measures are encouraged in the design and development of the project. m. One vacant lot and one underutilized lot on Hyannis Harbor will be put to use for thebenefit of the community. n An increase in the number of Housing Units which can be countedtowards the Town’s goal of having 10% of its housing stock affordable housing. The Town hereby grants waivers from the following Zoning Ordinance sections: Section 240-24.1.7 B (2) HD Harbor District Special Permits allows multi-family residential development totaling not more than seven units per acre. Waived to allow thirty-four condominium units on 1.32+/- acres, an overall density of 26 units per acre. The parcel at 115 School Street has a density of 28 units per acre. The parcel at 110 School Street has a density of 24 units per acre. Section 240.24.1.7 C. Dimensional, bulk and other requirements: Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback for the West Building of 15.8 +/- feet from South Street on the property located at 115 School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback for the East Building of19.0 +/- feet from South Street on the property located at 110 School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback for the West Building of 8.1+/- feet from School Street on the property located at 115 School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback for the East Building of 10.2+/- feet from School Street for the property located at 110 School Street. Minimum Side Yard Setback of 10 feet is waived to allow a Side Yard Setback of 9.7+/- feet for the East Building on the property located at 110 School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback for the refuse shed of 7.5+/- feet from South Street on the property located at 115 School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback for the refuse shed of 7.3+/- feet from School Street on the property located at 110 School Street. Minimum Front Yard Landscape Setback of 10 feet is waived for School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback of 0+/- feet from School Street for the Front Egress Stair of the West Building on the property located at 115 School Street. Minimum Front Yard Setback of 20 feet is waived to allow a Front Yard Setback of 0+/- feet from School Street for the Front Egress Stair of the East Building on the property located at 110 School Street. Minimum Rear Yard Setback of 10 feet is waived to allow a Rear Yard Setback of 8.9+/- feet for the West Building on the property located at 115 School Street. Minimum Rear Yard Setback of 10 feet is waived to allow a Rear Yard Setback of 9.7+/- feet for the East Building on the property located at 110 School Street. Maximum Building Height of 35 feet is waived to allow a Maximum Building Height of 66.0+/- feet for the West Building on the property located at 115 School Street. Maximum Building Height of 35 feet is waived to allow a Maximum Building Height of 62.1+/- feet for the East Building on the property located at 110 School Street. Maximum Building Height Stories of 2.5 stories is waived to allow a Maximum Building Height Stories of five (5 stories for the West Building on the property located at 115 School Street. Maximum Building Height Stories of 2.5 stories is waived to allow a Maximum Building Height Stories of five (5.) stories for the East Building on the property located at 110 School Street. Maximum Building Lot Coverage of 70% is waived to allow Maximum Building Lot Coverage of 76.7% for the West Building on the property located at 115 School Street. Maximum Building Lot Coverage of 70% is waived to allow Maximum Building Lot Coverage of 76.0% for the East Building on the property located at 110 School Street. c. Section 240.24.1.11 (A) (5) (b) requires a 10 foot front yard landscaped setback from the road lot line unless otherwise specified. Waived for School Street. d. Section 240-52 A. Design and Screening Standards for off-street parking and 240-24.1.11 A. (4)(c)[2] parking design standards require each off-street parking space to have minimum dimensions of 9 feet by 20 feet excluding the driveway to such space. Waived to allow all spaces to have dimensions of 9 feet by19 feet. e. Section 240-52 C. Design and screening standards for off-street parking require parking areas for five or more cars be designated with enough maneuvering space so that vehicles need not back onto a public way.Waived to allow vehicles to back onto School Street. Additionally, 240-24.1.11 A. (4)(c)[3] parking design standards defines that maneuvering space shall be provided so that vehicles need not back onto a public way. f. Section 240-53 B. (1) Landscape requirements for parking lots in all office and commercial districts requires the surfaced area of a parking lot and all entrance and exit drives be set back from the side and rear lot lines by a landscaped buffer of 10 feet. Waived to allow a landscaped buffer of 0 feet on the property located at 115 School Street. g. Section 240-53 B. (1) Landscape requirements for parking lots in all office and commercial districts requires the surfaced area of a parking lot and all entrance and exit drives be set back from the side and rear lot lines by a landscaped buffer of 10 feet. Waived to allow a landscaped buffer of 0 feet on the property located at 110 School Street. h. Section 240-53 B. (2) Landscape requirements for parking lots in all office and commercial districts requires a ten-foot minimum, landscaped perimeter buffer be maintained between a building and the surfaced area of a parking lot or drive. Waived to allow a landscaped perimeter buffer of 0 feet on the property located at 115 School Street. i. Section 240-53 B. (2) Landscape requirements for parking lots in all office and commercial districts requires a ten-foot minimum, landscaped perimeter buffer be maintained between a building and the surfaced area of a parking lot or drive. Waived to allow a landscaped perimeter buffer of 0 feet on the property located at 110 School Street. j.Section 240-53 C. Landscape requirements for parking lots with 21 or more parking spaces requires at least 10% of the interior of the parking lot be landscaped. Waived to allow 0% landscaping in the underground garages on the West and East parcels. k.Section 240-104 Minimum parking lot design standards require parking lot aisles to be 24 feet wide. Waived to allow aisle widths of less than 24 feet. l. Section 240-104 Minimum parking lot design standards require parking spaces to be 9 feet by 20 feet. Waived to allow spaces within the underground garages to be 9 feet by 19 feet. m. Section 240.103 E. (1) requires any outdoor lighting shall be directed on site only. Waived to allow lighting to illuminate sidewalks and traveled ways. n. Section 240.24.1.11 (A) (7) requires any outdoor lighting be directed on site only. Waived to allow lighting to illuminate sidewalk and traveled ways.o. 240-24.1.11 (A) (5)(f) Street trees. One deciduous tree is required to be planted within the front setback for every 30 feet of frontage of the property. Waived for the parking lots fronting on School Street. p. 240-24.1.11 (A)(4)(d) Parking lot landscaping. One three-inch caliper tree must be provided for every five parking spaces and must be located within 50 feet of the parking lot. Parking lots with five or more spaces are required to provide a six foot landscape buffer between property lines and parking spaces. Relief is waivedfor the five parking spaces located on School Street. The Town hereby grants waivers from the following General Ordinances of the Town:a.Chapter 9 Article I Inclusionary Affordable Housing Requirements Section 9-4-D requires at least 10% of the residential units constructed be dedicated by deed restriction to affordable housing units. Waived. Developer will provide five(5) off-site rental units (at 65%AMI) at 310 Barnstable Road. consisting of five 3-bedroom unitswhich will be deed restricted in perpetuity; b. Chapter 112, Article III requires the proposed Development obtain a Certificate of Appropriateness from the Hyannis Main Street Waterfront Historic District Committee (“HMWHDC”). Waived for changes to the Development made after the issuance of a Certificate of Appropriateness for the project by the HMWHDC at their meeting held on February 16, 2022.c. The Developer shall construct the five off-site rental units in accordance with the attached floor plans entitled: i. ‘Preliminary First Floor Plan’A-1 Apartment Conversion datedOctober 31, 2022, prepared for Stuart Bornstein and drawn by DML of Daniel Lewis AIA Architect, Job Number 2206. ii.‘Preliminary Second Floor Plan’ A-2 Apartment Conversion dated October 31, 2022 prepared for Stuart Bornstein and drawn by DML of Daniel Lewis AIA Architect, Job Number 2206. iii.‘Preliminary Third Floor Plan’ A-3 Apartment Conversion dated October 31, 2022 prepared for Stuart Bornstein and drawn by DML of Daniel Lewis AIA Architect, Job Number 2206. The Town of Barnstable will grant to Developer, its successors and/or assigns, a license to allow the condominium development the exclusive right to use the ten (10) ground-level parking spaces located partially within the public way layout of School Street and partially on the Property. ThisAgreement shall run with the land, and all of the terms, conditions, and obligations contained in this Agreement shall be binding on any successor or assignor of theApplicant for as long as the property is used in accordance with this agreement and unless and until it is redeveloped further into some other use.No Building Permit shall issue unless and until the Developer submits credible evidence to Town Counsel that it has submitted a Local Initiative Program (LIP) Application and the fees, if any, to the Department of Housing and Community Development for the creation of the off-site affordable housing units at 310 Barnstable Road, Hyannis Massachusetts.NoCertificateofOccupancyshallbeissueduntilallconditionsofthisAgreement have been met and Design and Infrastructure Plan approval has beenissued or until the Developer, its successors and/or assigns have deposited with the Planning and Development Department a satisfactory bond in the name of the Town of Barnstable from a surety company authorized to do business in the Commonwealth of Massachusetts (or alternatively a certified check payable to the Town of Barnstable) in an amount and form as shall be determined by the Director. The bond shall be conditioned substantially that the Developer shall guarantee the faithful and satisfactory performance of the work in all respects. This Agreement is transferable to a person or entity other than the Applicant (hereafter, the "Transferee") with prior written notice to the Town Manager and contingent upon the Applicant being in compliance with all the requirements of this Agreement. However, no such notice to the Town shall be effective unless it includes a written acknowledgement by the Transferee that they havereadthisRegulatoryAgreement,andanyamendmentsthereto,andtheyagreeto be bound by the terms and conditions set forth herein, in which event after such assignment the transferor shall be relieved of liability from and after the date of transfer. Upon receipt of such written notice of transfer, and subject to a determination by the Town Manager that that the Applicant is in compliance with all the then applicable requirements of the Agreement, the Transferee and the Town Manager shall execute a minor amendment of this Regulatory Agreement acknowledging the Transferee is a signatory of this Regulatory Agreement, agreeing to be bound by the terms and conditions set forth herein, and any subsequent amendments hereto, and assuming liability as of the date of transfer. No Planning Board or Town Council approval is required for such a minor amendment acknowledging such a transfer inownership.Upon receiving a Certificate of Occupancy, the Developer, its successor, and/or its assigns shall employ at least one (1) individual who will serve as a full-time on-site property manager. The property manager’s duties shall include keepingSchool Street available for use by emergency vehicles and/or first responders by ensuringthatit remains unobstructed. The development rights granted hereunder shall be exercised and development permits needed to commence construction may be obtained hereunder for a period of eight (8) years from the effective date of this Agreement, provided, however, that prior to the expiration of said eight-year period, the Developer may request an extension to obtain development permits necessary to commence construction, said extension shall not exceed two years. Upon receipt of necessary development permits, construction shall proceed continuously and expeditiously, but in no case shall construction exceed two years from receipt of necessary development permits. In the event that this Agreement and/or any necessary development permits for the Project are appealed, the timeframes set forth in this section shall be tolled for the length of any such appeals.ConstructionanddemolitiondebrisfromtheProjectshallberemovedandreusedor recycled to the maximum extentpossible.No uses shall use, store, generate, treat or dispose of hazardous waste or hazardous materials and shall not generate hazardous waste as defined in the Massachusetts HazardousWasteRegulations,310CMRSection30.353,exceptincompliancewith all applicablelaws.To the extent that the Redevelopment Plans referenced in this Agreement do not depict all the findings and conditions set forth in this Agreement, revised plans and/or notations shall be provided in the final site plan. The Redevelopment shall remain in substantial conformance with the Site Plan Review approval dated May 10, 2021 and all conditions thereof and any modifications thereto as reflected in the final approved siteplan.Upon completion of all work, a registered engineer or land surveyor shall submit a letter of certification, made upon knowledge and belief in accordance with professional standardsthatallworkhasbeendoneinsubstantialcompliancewiththe approved site plan (Barnstable Code Section 240-104(G)). This document shall be submitted before the issuance of the final certificate ofoccupancy.The term of this Agreement shall be eight (8) years from the effective date of the Agreement(herein,the"Term"),andthedevelopmentrightsauthorizedhereinmust be exercised prior to expiration of the Term or this Agreement shall be null and void, subject to the potential tolling due to litigation referenced in paragraph 16. Once the development rights authorized herein have been timely exercised, all terms and conditions of this Agreement shall remain in effect until the Property is no longer used in accordance with the RedevelopmentPlans. The failure of this agreement to address a particular permit, condition, term, or restrictions shall not relieve the qualified applicant of the necessity of complying with the law governing said permitting requirements, conditions, term or restriction. This regulatory agreement may not be used to prevent the Town of Barnstable or other governmental agency from requiring the qualified applicant to comply with the laws, rules and regulations and policies enacted after the date of the regulatory agreement, if the Town of Barnstable or governmental agency determines that the imposition of and compliance with the newly effective laws and regulations are essential to ensure the public health, safety or welfare of the residents of all or part of the jurisdiction. IN WITNESS WHEREOF, the parties have hereunto caused this Agreement to be executed on the day and year first above written.Applicant:Town of Barnstable:Signature:Signature:Print:Print:Date:Date: PROPERTY DESCRIPTION PARCEL I The land with the buildings and improvements thereon, situated in Barnstable (Hyannis), Barnstable County, Massachusetts as follows: SOUTHERLYby Lewis Road WESTERLYby School Street NORTHERLY by South Street; and EASTERLYby land now or late of Isabel Crowell, widow of Alphonso Crowell. Parcel I being the same premises shown on a plan of land entitled “Plan of Land in Hyannis-Barnstable, Mass. belonging to Lewis Bay Lodge, Inc. Scale 1 in = 50 ft. Dec 20, 1961, John C. O’Toole, Surveyor” and recorded with said Deeds in Plan Book 167 Page 41, to which plan reference is made for a more particular description of the said parcel. Together with all littoral rights appurtenant thereto. Together with all rights over the streets and ways as shown on said plan in common with all others lawfully entitled to use the same, for all purposes for which streets or ways are commonly used in the Town of Barnstable, Massachusetts. PARCEL II The land located in Barnstable (Hyannis) bounded and described as follows: BEGINNING at a point in the southerly line of South Street. Said point being a Land Court Bound found at the northwesterly corner of the herein described premises; THENCE S. 82° 01’ 00” E., by the southerly line of South Street, seventy-seven and seventy-one hundredths (77.71) feet to a concrete bound found at the beginning of a curve which connects said line of South Street to the westerly line of School Street; THENCE easterly, southeasterly and southerly by said line of School Street and a curve to the right having a radius of twenty and sixty-two hundredths (20.62) feet an arc distance of thirty-one and seventy-six hundredths (31.76) feet to a point; THENCE S. 06° 13’ 31” W., by said line of School Street, two hundred twenty-two and twelve hundredths (222.12) feet to a concrete bound found at land now or formerly of Elaine Karath; THENCE N. 83° 46’ 29” W., by said line of Karath, one hundred eleven and fifty hundredths (111.50) feet to a point at the land now or formerly of Woods Hole, Martha’s Vineyard & Nantucket Steamship Authority; THENCE N. 12° 45’ 01” E., by land of said Steamship Authority, eighty-two and eighty-nine hundredth (82.89) feet to a Land Court Bound found at a point; THENCE N. 07° 45’ 53” E., by land of said Steamship Authority, one hundred sixty-two and sixty-four (162.64) feet to the point of the beginning. Containing by calculation 24,819 square feet of land and being delineated as Parcel A on a plan entitled “Land in Hyannis, Massachusetts, owned by Lewis Bay Motel, Restaurant & Marina, Inc.” dated January 24, 1992 and prepared for filing with the Barnstable Registry of Deeds in Plan Book 485, Page 93, by Bouley Brother, Inc. Registered Land Surveyors, Worcester, Massachusetts. For Title, see Deed recorded with the Barnstable County Registry of Deeds in Book 10473, Page 205. ASSENT TO REGULATORY AGREEMENT The undersigned, Shoestring Properties, LLC, (the “Applicant” and/or “Developer”) a Massachusetts limited liability company of 297 North Street, Hyannis MA, the owner of property in Hyannis, Barnstable County, Massachusetts, does hereby consent to the recording of a Regulatory Agreement by and between Shoestring Properties, LLC, a Massachusetts limited liability company and the Town of Barnstable dated ______ __, 2022. Shoestring Properties, LLC, further agrees to be bound by the terms and conditions contained in said Regulatory Agreement. Executed this ___ day of ______, 2022. Applicant:Signature:Print:Date: