Tax Increment Finance Committee Meeting – September 12, 2005
Chairman William Lewis called the regular meeting of the Tax Increment Finance Committee to order at 6:15pm.
Present were William Lewis, Raymond Platt, Henry Ellis, Elliot Southworth, Carol Sullivan and Richard McCarthy.
Committee members reviewed the TIF General Guidelines. Committee members concurred to add the following items as an addendum to the TIF General Guidelines: Personal Property, Water Districts excluded from TIF Agreements. Motion made and seconded by Mrs. Sullivan to accept the TIF General Guidelines as printed with Addendums. The vote made it unanimous.
Mr. Lewis suggested the TIF Committee standardize agreements, making it convenient for all.
Mr. Platt said that each agreement is different and standardizing agreements would not be a practical approach.
Mr. Platt stated that Mr. Mastria asked for an invitation to discuss with Committee members the TIF Agreement for Nissan. Discussion was made regarding the integrity of the Committee. Mrs. Sullivan motioned to extend an invitation to Mr. Mastria to appear before the TIF Committee. Mr. Southworth motioned to inform Mr. Mastria that the TIF Committee decision, at this time, would be to remain with the opposed vote for the Nissan TIF Agreement.
Mr. Platt informed that a second vote was not received for either motion, therefore no action taken.
Mr. Platt to advise Mr. Mastria of the TIF Committee vote. Mr. Lewis abstained from the vote.
Mr. McCarthy informed the Committee that a letter of interest for a TIF Agreement was received from Silvia & Quinn. Mr. McCarthy stated that it would be a law practice, which would occupy approximately 7500 sq. ft. Motion was made and seconded by Mr. Ellis to welcome a proposal from Silvia & Quinn for a TIF Agreement. The vote made it unanimous. Mr. Lewis abstained from the vote.
Discussion was made regarding TIF Agreements for individuals renting a portion of a building rather than owning. Committee members suggested adding Principal Occupancy to the TIF General Guidelines. Mr. Platt motioned and Mrs. Sullivan seconded to amend the TIF General Guidelines by adding Principal Occupancy. The vote made it unanimous.
Mr. Platt suggested forwarding correspondence to businesses that currently have a TIF Agreement informing them of Principal Occupancy as outlined in the TIF General Guidelines.
Mr. McCarthy stated that he received employment statements from Lowe’s and Hampton Inn.
Mr. Southworth suggested forwarding correspondence to Hampton Inn requesting their employment statement specify the area in which their employees live.
Mr. McCarthy requested signatures on the Addendum for Schwan’s Home Service TIF Agreement. Mr. Lewis informed that the project for Schwan’s Home Service is on hold.
Committee members agreed to Monday, September 19, 2005 at 5:00pm for the next scheduled TIF Committee Meeting.
6:46pm – Motion was made and seconded to Adjourn. The vote made it unanimous.
Dawn M. Caradonna