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Redevelopment Agency Special Meeting Agenda 07/03/2013
South Windsor Town Hall                                                Wednesday, July 3, 2013
Sprenkel Room                                                                          5:00 pm – 6:30 pm

Call Meeting to order
Roll Call
Approval of Minutes of Previous Meeting
Bills and Communications
Petitions to the Agency
Report of Executive Director
Report of Committees
Old Business
New Business
  • Connecticut Studios Discussion
  • Resolution Extending Reverter Clause Deadline
BE IT RESOLVED that the Town of South Windsor and the South Windsor Redevelopment Agency, acting through their duly authorized officials, extend to _________  ___, 2013, the reverter deadline set forth in the fourth paragraph of a certain Statutory Form Quit Claim Deed to Connecticut Studios, LLC, dated October 26, 2009, and recorded at Vol. 2077, Page 183-184 on the land records of the Town of South Windsor, Connecticut, and as said reverter deadline has previously been extended; and

BE IT FURTHER RESOLVED that the Town Manager is authorized and directed to execute a Fifth Amendment to Quit Claim Deed extending the reverter deadline in accordance with the foregoing resolution.

  • Resolution Deleting Reverter Provision in Quit Claim Deed of October 26, 2009
BE IT RESOLVED that the Town of South Windsor and the South Windsor Redevelopment Agency (the “Grantor”), acting through their duly authorized officials, have determined that it is appropriate to remove the fourth paragraph from a certain Statutory Form Quit Claim Deed to Connecticut Studios, LLC (the “Grantee”), dated October 26, 2009, and recorded at Vol. 2077, Page 183-184 on the land records of the Town of South Windsor, Connecticut, which paragraph provides for a possible reverter to the Grantor of the property conveyed by that Deed to the Grantee, said determination reflecting the important progress made in recent weeks by the Grantee in the development of the Connecticut Studios Project and the recognition by the Council that the continuation of the risk of a reverter may have an adverse effect on the Project; and

BE IT FURTHER RESOLVED that the Town Manager is authorized and directed to execute a Fifth Amendment to Quit Claim Deed removing said paragraph.

Adjournment