November 16, 2016 Special Town Meeting Number 2

Town Meeting Results

ARTICLE 1 - Board of Selectmen - Economic Development Incentive Program / Tax Increment Financing Agreement - Patriot Beverage, LLC, for former Sunny Delight property, 3 & 20 Harvard Road
To see if the Town will vote, pursuant to M.G.L. c.40, §59, and M.G.L. c.23A, §3E and §3F, to authorize the Board of Selectmen to (a) approve a Tax Increment Financing (“TIF”) Agreement between the Town and Patriot Beverage, LLC, its successors and assigns, for property containing approximately 23.62 acres located at 3 and 20 Harvard Road, as shown on Assessors Map U44, Parcels 20-0 and 6-0, which TIF Agreement provides for real estate and personal property tax exemptions and approve a Certified Project application submission to the Massachusetts Economic Assistance Coordinating Council (EACC); and (b) execute the TIF Agreement, and approve submission to the EACC of the TIF Agreement and Certified Project application, all relating to the project as described in the TIF Agreement, and any necessary documents relating thereto, and to take such other actions as are necessary or appropriate to obtain approval of the TIF Agreement and Certified Project application, and related submissions and to take such other actions as necessary or appropriate to implement those documents; or to take any other action in relation thereto.
Motion: Moved and seconded by the Board of Selectmen that the Town vote to approve Article 1 as printed in the warrant.
Board of Selectmen and Finance Committee support Article 1.
Declared passed by a majority vote. So voted.

References: Tax Increment Financing Agreement - Patriot Beverage, LLC (PDF)