Tax Increment Finance Committee Meeting – September 19, 2005
Chairman William Lewis called the regular meeting of the Tax Increment Finance Committee to order at 5:05pm.
Present were William Lewis, Raymond Platt, John Thomas, Elliot Southworth, Carol Sullivan, Linda King, and Richard McCarthy.
Mr. Platt motioned and Mrs. Sullivan seconded to accept the minutes of the July 11, 2005 and
September 12, 2005 meeting. The vote made it unanimous.
Mr. Platt informed that the Committee has approved eight TIF Agreements. Mr. Platt informed that he was to meet with Mr. Mastria today to discuss the decision made at the last TIF Meeting, but unfortunately Mr. Mastria was unavailable. Mr. Platt informed that a meeting would be scheduled for a later date. Mr. Platt informed Committee Members that Mr. Thomas was absent from the September 12, 2005 meeting due to an oversight of notification.
Committee Members discussed with Attorneys Silvia and Quinn their interest in a TIF Agreement. Attorney Quinn informed they have practiced Law in Raynham for the past twenty years and are interested in constructing a building in Raynham Woods Park. Mrs. Quinn informed that the cost to construct would be $700,000 to $900,000. Mrs. Sullivan asked if the building would be similar to the dentist office next to the proposed location? Mrs. Quinn informed that it is a rectangle shape building with brick. Mrs. King asked if the Attorneys were going to expand their law practice? Mrs. Quinn informed that they presently have 4 support staff and is looking into adding one additional attorney and one additional support staff. Mrs. Quinn informed the Committee that they would be occupying approximately 3,000 sq. ft. and would be renting the remaining portion of the building. Mr. Platt informed that the TIF Agreement would be on the principal occupancy only. Committee Members reminded Attorney Silvia and Quinn that the TIF Agreement does state the hiring of local contractors, subs, and employees from the area. Mrs. Quinn stated that they have review the guidelines for the proposed TIF Agreement. Mr. Thomas motioned and Mrs. Sullivan seconded to invite Attorney Silvia and Quinn to the next scheduled meeting to discuss a proposed TIF Agreement. The vote made it unanimous. Mr. Lewis abstained from the vote.
Committee Members reviewed the additions made to the General TIF Guidelines as discussed at the last TIF meeting. Mr. Platt suggested General TIF Guidelines, Principal Occupancy for common/handicapped areas be of equal percentage. Committee Members concurred to table discussions on the additions until the next scheduled meeting.
Committee members agreed to Tuesday, September 27, 2005 at 6:00pm for the next scheduled TIF Committee Meeting.
5:30pm – Mr. Platt motioned and Mr. Southworth seconded to Adjourn. The vote made it unanimous.
Dawn M. Caradonna