TA Blog: 2008-10-20 BOS
||Below is the TA's summary of what transpired at the Board of Selectmen's meeting of October 20, 2008. Questions or comments? Contact the Town Administrator. Official meeting minutes will be posted when approved by the Board.
October 20, 2008 Board of Selectmen Meeting Summary
- Tax Increment Financing (TIF) - voted to amend its vote of September 29, 2008, made pursuant to Article 5 of the November 14, 2006 Special Town Meeting, by striking paragraph 2 thereof and replacing it with the following: " 2. Adopt a Tax Increment Financing Plan designating the Economic Opportunity Area at 550 King Street as a Tax Increment Financing Zone under M.G.L. c.40, §59, and to authorize execution of a twenty-year Tax Increment Financing Agreement between the Town, International Business Machines Corporation, and AG/ND King LLC, for said 550 King Street with year exemptions as follows: FY 2010, 0.25; FY 2011, 0.20; FY 2012, 0.15; FY 2013, 0.10; FY 2014 through FY 2029, 0.05."
[UPDATE: State's Economic Assistance Coordinating Council approved TIF agreement at its 10/29/08 meeting in Boston.]
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10/20/08 Special Town Meeting Results: voters approve . . . payment of unpaid bills, FY 2009 line item transfers, borrowing for New Police Station construction, school grant funds, Shaker Lane School fire alarm system, Water Department capital improvements, filing of home rule petition for pension obligation bonds, adoption of local room tax, increasing Historical Commission membership . . . See all the results of the Special Town Meeting.