Title
Committee Report: Finance (354-15 That the Mayor and Council President be authorized to sign a Tax Increment Exemption Agreement on 184 & 200 Pleasant St. and that the Mayor be authorized to sign a Purchase and Sales Agreement for property for use as City Hall)
The Standing Committee on Finance, to whom was referred Paper #354-15, having considered the same make the following report: Committee recommends that so much of the paper that relates to the Housing Development Program be reported out favorably with the following amendment:
That the order be amended to read as follows:
That the Mayor and Council President be authorized to sign a Tax Increment Exemption Agreement in substantially the following form: (see HDIP attachment);
And that so much of the paper as relates to a purchase and sale agreement for the purchase of property for use as City Hall be held in committee, pending the review and approval by the City Council of provisions related to assignment of rights, damages and warranty.
Councillor Murphy for the Committee