Title
Committee Report: Finance (Paper #477 That the Mayor be authorized to execute a Special Tax Assessment Agreement with Hoff's Bakery Co.)
The Standing Committee on Finance, to whom was referred Paper #477 Series of 2014, having considered the same make the following report: Committee recommends that this paper be reported out favorably with the following amendment: That the following language be substituted:
Whereas The City Council of the City of Malden strongly supports increased economic development to provide additional jobs for qualified residents of the city, which will enhance commercial and industrial activity within the city and develop a healthy economy and stronger tax base; and
Whereas The City Council desires a beneficial economic use, creating jobs for local residents, expanding business within the city and developing a healthy robust economy and stronger tax base for the property known as and numbered 35 Green St. and
Whereas The City Council intends to use Special Tax Assessments as an economic development tool, allowed under the Massachusetts Economic Development Incentive Program, where the needs of a specific project are reasonably expected to be offset by resulting economic development benefit;
Now, therefore, be it
Ordered: That the City Council finds the following:
that the proposed relocation of Hoff's Kitchen Co. Inc. to 35 Green St. complies with the definition of a project proposal set forth in section 3A of Chapter 23A of the Massachusetts General Laws;
that the project will not overburden the municipality's supporting resources including, but not limited to, transportation access, water and sewer hook-ups, lighting, and other utilities;
that the project proposal includes a workable plan, with precise goals and objectives, by which Hoff's proposes to realize the increased employment objectives for the project;
that the business plans to employ aggressive affirmative action goals, objectives and...
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