Tax Increment Finance Committee Meeting – March 24, 2005
Chairman Gordon Luciano called the regular meeting of the Tax Increment Finance Committee to order at 5:05pm.
Present were Gordon Luciano, Linda King, Carl Carlson, Henry Ellis and Richard McCarthy.
Mr. Carlson motioned and Mrs. King seconded to accept the minutes of the February 24, 2005 meeting as printed. The vote made it unanimous.
Mr. Carlson motioned and Mrs. King seconded to accept the minutes of the February 24, 2005 Executive Session meeting as printed. The vote made it unanimous.
5:10pm – C.H. Babb Co. Inc. – Mr. Foran was present and presented the Committee with an amended version of a proposed TIF Agreement for 20 years.
5:15pm Mr. Ellis motioned and Mr. Carlson seconded to proceed with C. H. Babb Co., Inc. in Executive Session. The vote made it unanimous.
5:37pm – Mr. Luciano reconvened the regular meeting of the TIF Committee.
Dr. Welter was present and reviewed the project with Committee members and presented them with a proposed 11-year/50% TIF Agreement. Dr. Welter presented and explained to Committee members the stated schedule for employees. Dr. Welter stated that there could be patients interchanging from his Taunton office to the Raynham office for their convenience. Mr. Ellis asked if notification was given to Taunton on the proposed project. Dr. Welter informed that Morton Hospital is aware of his project, but the City of Taunton if not. Mr. Luciano stated that the City of Taunton should be notified and a letter of approval forwarded to the Committee prior to the moving forward with a TIF Agreement. Committee member reviewed the presented proposal for a TIF with Dr. Welter and advised him of changes
for future consideration. Mrs. King motioned and Mr. Carlson seconded to continue the meeting with Dr. Welter at the next scheduled TIF Meeting. The vote made it unanimous.
Mr. Luciano reviewed with Committee members the list of TIF Agreements to be presented at the Board of Selectmen Meeting on Tuesday, March 29, 2005.
Committee members reviewed the By-Laws. Changes to be made to the By-Laws are as follows: Paragraph 1 – the word and to be added between Board of Selectmen and the Town.
Mr. Luciano asked for the Committee opinion on the number of members on the Board.
Committee members concurred that the present number of members is sufficient.
Mr. Carlson motioned and Mrs. King seconded to present at the Board of Selectmen Meeting the following TIF Agreements: C. H. Babb Co., Inc., Nissan and Subaru along with the TIF Committee By-Laws. The vote made it unanimous.
Discussion was made for the presentation of the TIF Agreement for Subaru.
6:37pm - Mr. Carlson motioned and Mrs. King seconded to Adjourn. The vote made it unanimous.
Respectfully submitted,
Dawn M. Caradonna
Recording Secretary
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